SMEs forced to decline orders

(From left) Ding, Noh and and Platinum Business Awards 2022 organising chairman Chin Chee Seong at the launch in Petaling Jaya.

SMALL and medium enterprises (SMEs) are facing lower profit margins as they have to decline large orders due to the ongoing labour crunch.

SME Association of Malaysia (SME Malaysia) president Ding Hong Sing explained that besides higher production costs arising from pricier raw materials as well as supply chain and logistic issues, companies were now grappling with lower operational capacity.