challenges & opportunities of manufacturing in fiji
TRANSCRIPT
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CHALLENGES & OPPORTUNITIES OF
MANUFACTURING IN FIJI
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Lot 1 Baka Pl, Laucala Beach Estate
P.O.Box 5211, Raiwaqa, Fiji IslandsPh.: (679) 3345 854 Fax: (679)
3345 320Email:
[email protected]: www.chf-group.com
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MUNUFACTURING
- BEDS- FOAM- LOUNGE- WOODEN FURNITURE
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BEDDING
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FOAM PLANT
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LOUNGE SUITE
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WOODEN FURNITURE
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HOTELS & RESORTS
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RETAIL STORES
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EXPORTS
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CHALLENGES FACED BY CHF MANUFACTURING
• Increasing Costs
• Inadequate skilled Labor
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CostRaw
Material +
Labor +
Overhead
Cost
+Profit
Selling Price
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Sale PriceProfit
CostRaw-
MaterialOverhead Labor
Scenario 1Scenario 2Scenario 3
Maintain
Maintain
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CONTROLLING COSTS
Raw Materials – Find Alternative Sources
Labor – Increase Efficiency By Increasing Volume Output
Overhead – Cost Cutting
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COST
Minimize Costs
Increase efficiency
Increase Volume
Grow Market
Better Selling Price
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COST
In Order to Counter for the Increasing costs,
We need to Increase Volume or Market Share.
That Includes looking at the Export Market.
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SKILLS
Inadequate Skills
In-house Training to Upgrade
Skills
Inefficiencies
Skilled Migration
Employ Semi-Skilled/unskilled
Decreased Production Rate
Skilled migration
TrainingCost to
Employ skills
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Opportunities of
Manufacturing In FIJI
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Manufacture to
Substitute Importation
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Manufacture to ExportCompete Against Asian Markets in Our
Region
Advantages:Familiarity with the Region & the People
Able to Ship Mix Container LoadsLower Cost of Shipping
MSG & SPATECA Agreements
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Fiji Has The Potential To Become
The Manufacturing Hub Of The South Pacific