BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Open For Business  >  Patrick Wong On 20 Years In The Wet Wipes Business, Managing Margins, and Aspirations Ahead

Patrick Wong On 20 Years In The Wet Wipes Business, Managing Margins, and Aspirations Ahead

Patrick Wong, CEO and Founder, People & Global

16-Nov-23 10:00

Patrick Wong On 20 Years In The Wet Wipes Business, Managing Margins, and Aspirations Ahead

While we often pay attention to the hot and sexy tech startups of the world or the big established name brands and their shelves of products that we use on a daily basis, it’s important to remember that there are plenty of lucrative businesses out there that we’ve never heard of. – Consumers might know Durex, but how many know that homegrown Karex is the biggest condom manufacturer in the world?

Malaysia has many of these kinds of businesses, big and small, and one of them is our guest today – People & Global, an Original Equipment Manufacturer or OEM of wet wipes, a product category that garnered a lot of attention in the last few years as hygiene and sanitisation became key during the pandemic.

By some estimates, the wet wipes business was a 4 billion US dollar market in 2022. That’s a sizable market for a narrow product that we take for granted on a regular basis, and it’s expected to continue to grow at a Compounded Annual Growth Rate of 7.8% up to 2033.

Founded in 2003, this OEM caters to both local and international markets, they produce a diverse range of hygiene products such as wet wipes and sanitary napkins to prominent clients like Watson's, Shell, Mydin, Petronas, and more.

On this episode of Open for Business, you will learn why today’s guest Patrick Wong, Founder and Managing Director, People & Global entered this business of all things, the intricate workings of this 20 year old homegrown wet wipes OEM, how profitable wet wipes manufacturing can be, and whether People & Global can be more than just an OEM through its own brand Wetty.

Produced by: Roshan Kanesan, Kishan Sivaswamy

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketseconomytechnologymanagingentrepreneurs

Tags:  ofbbb2023exit strategywet wipesoemmanufacturerMalaysian businessmalaysian brandsiot





Play / Pause

Listen now : The Breakfast Grille Repeat: Krishnaraj Tantri of Global Payments discusses how the...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Tony Nash of Complete Intelligence tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Prof. Donald Leslie Baker from the University of British Columbia shares insights on South Korea’s future under new President Lee Jae-Myung.

7:45 AM

Morning Brief

TPr. Hj. Ihsan Zainal Mokhtar of IZM Consult discusses the vision behind and challenges ahead Malaysia’s ambitious AI-integrated township.

8:00 AM

The Breakfast Grille

Krishnaraj Tantri of Global Payments discusses how the company is capitalising on the growth of Asia's digital economies.

8:30 AM

Morning Brief

Michelle Leung, Bloomberg Intelligence shares insights on how Asian metal producers will respond to Trump's increased tariffs.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) Tony Nash of Complete Intelligence tells us where international markets are heading.

9:15 AM

Opening Bell

Imran Yusof of MIDF reviews the first-quarter results season for Malaysian corporates.

9:35 AM

Ringgit & Sense

Robin Lee, former CFO of the World Gold Council tells us whether we should be investing in gold.

10:05 AM

Open For Business

Umar Munshi, Managing Partner of HASAN.VC

11:00 AM

Tech Talk

Adilah Junid, Director of Legal and Government Affairs at Microsoft Malaysia helps us unpack what’s in the works at Microsoft to tackle scams, the countermeasures that could work, and how consumers can stay one step ahead, considering the rise of AI-assisted scams.

12:00 PM

Enterprise Explores

Nigel Wong, President, The Malaysian Association of Tour & Travel Agents (MATTA)

1:00 PM

The Breakfast Grille Repeat

Krishnaraj Tantri of Global Payments discusses how the company is capitalising on the growth of Asia's digital economies.

2:05 PM

Discovery Hour

Is Malaysia doing everything it can, and should, in recruiting and retaining healthcare professionals?

3:05 PM

Beyond the Ballot Box

tbc

4:05 PM

Health & Living

How do you manage parental stress? Is self-care possible for today’s busy parents? We answer all your questions.

5:00 PM

Top 5 at 5

6:00 PM

Talkback Thursday

8:00 PM

BBC World Service