challenges & opportunities of manufacturing in fiji
TRANSCRIPT
CHALLENGES & OPPORTUNITIES OF
MANUFACTURING IN FIJI
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
MUNUFACTURING
- BEDS- FOAM- LOUNGE- WOODEN FURNITURE
BEDDING
FOAM PLANT
LOUNGE SUITE
WOODEN FURNITURE
HOTELS & RESORTS
RETAIL STORES
EXPORTS
CHALLENGES FACED BY CHF MANUFACTURING
• Increasing Costs
• Inadequate skilled Labor
CostRaw
Material +
Labor +
Overhead
Cost
+Profit
Selling Price
Sale PriceProfit
CostRaw-
MaterialOverhead Labor
Scenario 1Scenario 2Scenario 3
Maintain
Maintain
CONTROLLING COSTS
Raw Materials – Find Alternative Sources
Labor – Increase Efficiency By Increasing Volume Output
Overhead – Cost Cutting
COST
Minimize Costs
Increase efficiency
Increase Volume
Grow Market
Better Selling Price
COST
In Order to Counter for the Increasing costs,
We need to Increase Volume or Market Share.
That Includes looking at the Export Market.
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
Opportunities of
Manufacturing In FIJI
Manufacture to
Substitute Importation
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
Fiji Has The Potential To Become
The Manufacturing Hub Of The South Pacific