Singapore may have dodged a technical recession but high-end manufacturer Racer Technology knows all too well that times are tough and likely to get even tougher in the months ahead.
The medical device maker used to have a pretty clear idea of what demand would be nine months down the track, and it would order raw materials accordingly. But with demand on the slide, it is down to a lead time of just three months.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you