ManpowerGroup sees big things in southeast Asia

Freeman Staff

August 18, 2014

MILWAUKEE — In a new white paper released Monday, Milwaukee-based ManpowerGroup predicted that demographic trends would give southeast Asia an advantage when it comes to attracting global businesses.

The paper, titled ”The next big thing in southeast Asia“ says Manpower has seen a trend in 2014 of major companies locating operations in Malaysia, Indonesia and the Philippines. While the movement is similar to previous offshoring trends involving China, the Manpower paper argues it is driven by more than just cheaper labor.

A lower cost of labor is one factor, but demographic trends including a steady supply of younger workers and growing consumer markets are also drawing companies.

However, Manpower also notes a local skills mismatch, high competition and high worker mobility present challenges in the region.