INDUSTRY 4.0 is impacting the world by storm. For Singapore to remain relevant in this highly globalised and competitive environment, businesses need to continuously innovate and use their resources more effectively. The manufacturing industry is no exception.
Manufacturing – which contributes about 20 per cent of Singapore’s gross domestic product (GDP) and 14 per cent of total employment – is being impacted by new technologies, changes in global supply chains and consumer demands. Local manufacturers must adapt to these technologies, such as robotics, to remain relevant.
Singapore’s manufacturing base has been gearing up to adopt the Industry 4.0 model to enhance […]
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