A manufacturing renaissance can lift Singapore

Consultants agree that Singapore is well-positioned to grow sector, especially in higher value-added processes

Mindy Tan

Published Mon, Jun 1, 2020 · 09:50 PM

Singapore

COSTS while important, will become secondary, as governments and companies focus on strategic and critical manufacturing in the coming years, putting Singapore in a position to further strengthen its manufacturing sector.

Sudhan Sundaram, managing director, supply chain and operations lead (consulting), Singapore at Accenture, said that the firm has already started working with some of its clients in critical sectors in rethinking their approach to manufacturing and supply chain.

"They have come to realise this may entail more costs, such as increasing inventory levels or duplicating manufacturing capabilities in order to build the required resilience," explained Mr Sundaram.

Indeed, he expects that there will be support from the government to build the required resilience and self-sustainability of these critical manufacturing ac…