In the media | 24 Oct 2022
James Lambert: Robots have made Singapore a modern manufacturing success
Manufacturing industries across the world are facing a trifecta of extreme challenges in the wake of economic and geopolitical turbulence: soaring inflation, shortages of labor and supply chain delays. Yet in the face of these hurdles, Singapore’s manufacturing sector is going from strength to strength.
In his op-ed to Nikkei, James Lambert, Director of Economic Consulting, Asia at Oxford Economics unrevealed the secret of Singapore’s success: robots.
“Singapore has taken a number of farsighted steps to establish itself as the host of the second-most robot-intensive manufacturing sector in the world, behind only South Korea. This has included cultivating world-class talent assiduously over the decades with initiatives such as sponsored research partnerships with well-funded local universities and subsidized worker training. ” “By taking a long-term perspective and embarking on a coherent plan, businesses and governments can exploit the benefits of robotics while helping vulnerable workers prepare for and adapt to the upheaval that automation can bring,” he commented.
Check the full article below:
To download our latest reports on technology, please check Resource Hub – Oxford Economics.
For media enquiries on Asia, please contact:
Sally Li
[email protected]
Tags:
You may be interested in
Post
The rise of Southern India’s business service hubs
Over the next five years, India is set to be one of the fastest-growing major economies across Asia Pacific, lead by the performance of its IT and business services. The Southern states of Karnataka and Telangana are at the forefront of this success as they are home to two of India’s most rapidly growing cities and productive cities—Bengaluru and Hyderabad.
Find Out More
Post
Measuring the Value of Design in Singapore
This study explores how design delivers value to Singapore-based organisations, enhancing profitability, strengthening strategic performance, and supporting broad environmental and social benefits. It introduces a Theory of Change framework to help organisations more effectively communicate and measure the value of their design activities.
Find Out More
Post
China’s Outbound Recovery: Slowing but Still Rising
Research Briefing James Lambert: Robots have made Singapore a modern manufacturing success The rebound continues, but slowing demand, economic headwinds, and shifting traveler preferences are reshaping the outlook.
Find Out More
