: Businesses in Malaysia exhibit considerable concern in terms of prospects and outlook, especially with the on-going Covid-19 pandemic and political uncertainties but they remain hopeful that with a better understanding of the virus, potential discoveries of vaccines, medical therapeutics and effective implementation of the standard operating procedures they will be able to weather the Covid-19 disruption.
Nonetheless, business leaders remained sanguine in outlook due to the implementation of cost-cutting measures as well as the availability of various financial support programs which helped to dampen the impact of Covid-19 on businesses.
• 46% of the respondents estimate that they will have a higher revenue over the coming 12 months which has continued its decrease from 2019 which was at 51%. Compared with 2019, the percentage of firms that have fully implemented Industry 4.0 shows a slight decline from 16% to 13% in 2020. Nonetheless, there are small increases across the other two implementation levels, notably an increase in the preliminary adoption stage , from 31% in 2019 to 38% in 2020. The percentage of firms that are either not ready or do not know about Industry 4.0 has declined slightly. Even though the survey suggests that the overall adoption of Industry 4.
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