KUALA LUMPUR, Oct 15 (Bernama) — Made in Malaysia furniture ranks among the top 10 largest exporters of furniture in the world with some 80% of its production being delivered abroad. This achievement would not have been possible without the industry keeping abreast of technical advances and global changes in consumer tastes and shifting from being Original Equipment Manufacturers (OEM) to Original Design Manufacturing (ODM) or Original Brand Manufacturing (OBM). This evolution has seen the industry undergoing a dynamic transformation from traditional cottage operations to an export-oriented industry driven by design, innovation and technology, and adding greater value to its exports.
The industry’s tremendous growth has been built on a strong manufacturing foundation that evolved from being a provider of raw materials to one with availability of skilled workers, excellent design capabilities and good manufacturing practices. In 2020, the industry saw exports valued at RM12.86 billion or a double-digit increase of 15.5% compared with the previous year.
- U.S., Iraqi Officials Convened On Security Cooperation
- Egypt Repatriates 36 Smuggled Artefacts From U.S.
- Fresh Zionist Israeli Airstrikes Hit S. Lebanon, Testing Fragile Ceasefire
- Sri Lanka’s Deputy Minister Urges Global Cooperation To Tackle Poverty At Doha Summit
- UN: Egyptian takes reins at cultural agency rocked by Trump pullout
- Iran Says Nuclear Issue Sole Focus Of Any Potential Talks With U.S.
- Indian Security Forces Killed Four Extremists In Manipur State
- U.S. Gov’t Shutdown Set To Break Record As Senate Again Fails To Pass Funding Bill
- Yemen’s Houthis Declare General Mobilisation Amid Fears Of Possible Israeli Attack
- Iraqi PM Says “National Consensus” Reached To Bring Weapons Under State Control