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Author: savemalaysia   |   Latest post: Sun, 26 Mar 2023, 3:22 PM


Collapse of govts, industries, companies does not happen overnight By Tan Sri Dr Lim Wee Chai

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The state of global politics today has a direct and indisputable impact on markets and businesses everywhere. What happens in one part of the world affects how supply chains and talent are managed in another part of the world.

In the past, politics was local and businesses were global. Today, both politics and businesses are global.

Failure of industries and large businesses can have negative reverberating effects on markets as well as governments.

Collapse of governments, industries and companies does not happen overnight. It is caused by cumulation of small and incorrected actions that were left unchecked. Today, all these entities, markets, businesses and governments, are so interlinked globally that we cannot stay still and operate as we did or remain complacent.

What should we do? First, remain vigilant. Never assume or presume what we do in our little cubicles does not affect the larger world we live in. Never underestimate how the action of one person or a small group of people can affect the larger crowd. Foresight and insight are critical no matter what position we hold in a company.

Ultimately, we each make the environment we want. Our actions and attitudes create our environment. We reap what we sow. So, let us build teams and talent able to walk with us for the long haul, and not for short-term gains. That is how countries, industries and companies grow and stay sustainable.

The action, responsibility and accountability begin with us.

Tan Sri Dr Lim Wee Chai
Executive chairman
Top Glove Corp Bhd

Nov 1, 2022


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  Tony Tony likes this.
ks55 Chinese businessmen like to join the crowd for quick buck. When property price shoot through the roof, every Dick, Tom and Harry jump into the band wagon, then all get killed. When Covid first emerged, many big timers converted plants into making face mask, now surgical mask is selling at RM 3 for 50's. Likewise the glove makers. Other than the Big 4 glove manufacturers in Malaysia, China is producing like nobody's business, Thailand new glove factories all over Southern Thailand, and in Malaysia, everyone of the big 4 ramp up production facilities plus companies like Mah Sing and George Kent also buta buta masuk jamban.

Business fail because selling price is lower than cost of production (including interest charged). Surely industries won't collapse overnight, but all over in less than 2 years after the pandemic. Rule of the Jungle applies, Survival of the Fittest. Many glove factories will close shop very soon. The survivors will also bleeding to three quarter dead.
14/11/2022 9:17 PM
ks55 So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.
14/11/2022 9:26 PM

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