With large international retail brands setting up their national and regional distribution centres in Malaysia, its potential in IR4.0, especially in the logistics and e-commerce sectors, can be seen. Malaysia is also served by a telecommunications network of digital, fibre-optic and satellite technology, which is crucial to the industrial, logistics and e-commerce sectors. Chen notes that Malaysian companies need to adapt to the rapid technological changes that affect the way businesses operate in order for Malaysia’s digital economy to prosper. Ng says talent, regulation, economies of scale and the lack of technology innovation are some of the challenges. “To overcome the challenges, the government needs to focus on building the economy and continue to project Malaysia as a progressive yet friendly nation.

Source: The Edge Markets March 02, 2020 08:03 UTC