Tuesday, April 28, 2009

Recession Proof Industry

I read about this cartoon from the email that I subscribed from Engineering News Daily. The cartoon was taken adopted from engineeringnews.co.za/page/cartoon.

Basically it stated that, if there was such a thing as a sectoral recession, then South Africa’s manufacturing industry is deep in one. Output declined by 15% year-on-year in February, following on the 12,9% year-on-year fall in January. The sector has been contracting since October, and the aftershocks are being felt across the economy. This creates a strong likelihood that South Africa will now officially enter a recession for the first time in over a decade.

What's the global impact towards our industry in Malaysia or globally? The electrical and electronic industries are certainly struggling and I see many people around me were forced to leave their jobs. However, there are no worries in the food-manufacturing industries. All I asked them this time is how great is your bonus?

Got my point? Food - manufacturing industry is recession proof!!!
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