The engineering and manufacturing sector has experienced some of the worst trading conditions in recent times. Factories across southern China have been closing at a rapid rate with some of the hardest hit being in the automotive, toys and consumer electronics industries.
With less demand for goods, and manufacturers either shutting down or significantly downsizing, the procurement and supply chain sector has also been adversely affected. The reduced spend on purchasing and sourcing of materials has meant most multinational organisations have been impacted by reduced headcount and hiring freezes... download full report to read more
