Insight - Tackling issues amidst recovery

“These price increases have been offset by the rising costs of social compliance, but we are confident that we can continue to gradually raise prices as other manufacturers are also struggling to operate in current times, ’’ said Karex chief executive offier M.K. Goh (pic).

AS companies prepare for recovery, social compliance in the way businesses treat their employees will be an important aspect in future planning.

At Karex Bhd, social compliance costs over the last year including the reimbursing of migrant workers on debts, and other upgrades to their welfare, security, accommodation and logistics, had come up to over RM2mil.