FORWARD FOCUS – OUR STRATEGIC PRIORITIES ADDRESSING LABOUR SCARCITY While Matrix has taken swift and effective measures to address labour scarcity, the Group is also increasingly adopting less manually intensive construction methodologies such as aluminium formworks and other methods. These reduce dependence on manual labour, while offering greater efficiencies across the construction process. PRESENT DESIRED FUTURE STATE Higher dependence on manual labour at construction sites. Potentially leads to higher occurrence of human error, wastages, increased costs due to greater requirements for centralised labour quarters and other manpower related costs. To progressively minimise dependence on manual labour through automation, increased machinery use and digitalisation and technology. Increase use of pre-fabrication and precast systems such as aluminium formworks and greater utilisation of Building Information Modelling (BIM) to produce building designs that enable reduced manpower requirements. DOMESTIC AND INTERNATIONAL EXPANSION Matrix continues to maintain a dual expansion strategy – focussing on both domestic and international growth. This would entail a strategic allocation of resources, notably financial and human capitals between both markets. Both the domestic and international markets have their advantages. A strategic Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis provides the strengths, benefits of both markets as well as downsides. Automation, machinery and digitalisation are also becoming more commonly used towards addressing labour issues and also in enhancing the Group’s design and build capabilities. Progressively, over the next 10 years, the goal is to reduce over reliance on manual labour, maintaining a smaller, but more professional, competent and skilled worker pool that is augmented and supported through automation and technology. Menara Syariah, Jakarta INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 93
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