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
sli@oestaging.oxfordeconomics.com
Tags:
