The evolving global trade landscape presents numerous opportunities for Malaysia to capitalise on. Penang, with its robust electrical and electronics (E&E) supply chain, is particularly well-positioned to attract multinational corporations and local businesses.
Recent trends such as friendshoring, de-risking, and the China Plus One strategy have prompted multinational corporations to reconfigure their supply chains. Countries with established industrial capabilities, supportive government policies and a skilled workforce, like Malaysia, are becoming increasingly attractive destinations.
