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💪🏻🏭 Strengthening #Singapore’s economy through manufacturing resilience. Singapore’s #manufacturing sector achieved an impressive 8.5% year-on-year growth in November 2024, with the electronics cluster leading the way with a remarkable 26.2% increase. Amid challenges, the precision engineering cluster recorded year-on-year #growth, reflecting its resilience and adaptability. In contrast, the chemicals, general manufacturing, and biomedical manufacturing clusters experienced declines, underlining the need for strategic #innovation and targeted solutions to address industry challenges. These trends provide valuable insights into the state of Singapore's manufacturing sector, helping local businesses identify areas for growth and focus their efforts on adapting to market dynamics. Explore the latest Singapore Economic Development Board (EDB) report for an overview of Singapore’s manufacturing performance: https://lnkd.in/gxTuR6xT Turn these industry insights into actionable strategies for your #SME. Book a complimentary 1-to-1 business advisory session here: https://lnkd.in/gqTDMH2K and let SME Centre@SMF (Singapore Manufacturing Federation) help elevate your presence in Singapore's manufacturing landscape. 🚀 #smes #smesupport #sgbusiness #businessgrowth #businesssupport #businessadvisory #businessstrategy #monthlymanufacturingperformance #SGeconomy #economicoutlook #businessresilience #growthopportunities #transformation #manufacturingtrends #productivity

What is #LeanManufacturing and how can it improve productivity? Discover how #LeanManufacturing can transform your business operations. Dr Woon Keng Soon from A*STAR's Singapore Institute of Manufacturing Technology explains how this approach enhances efficiency and sustainability in manufacturing. Watch the video in the article to learn more. Lean principles help businesses eliminate waste and optimise processes, ensuring they stay agile and competitive. Join us in exploring how Lean Manufacturing can benefit companies in the era of Industry 4.0 and beyond. Learn more about A*STAR's SIMTech's capabilities at https://lnkd.in/fHpgH4V. #ASTARforIndustry #SustainableManufacturing

🌟 Exciting News! 🌟 I'm thrilled to announce that the Malaysian government has launched the New Industrial Master Plan 2030 (NIMP 2030), a transformative policy set to elevate our manufacturing sector to new heights. At Operion, we view NIMP 2030 as a pivotal initiative. This visionary framework promotes the adoption of smart manufacturing techniques, automation, and digitalization across the industry. By 2030, the goal is to transform 3,000 factories into smart factories, significantly boosting efficiency and global competitiveness. As a strong advocate for innovation, I believe this initiative not only drives economic growth but also positions Malaysia as a leader in digital adoption. NIMP 2030 also introduces Environmental, Social, and Governance (ESG) reporting guidelines, ensuring responsible and transparent business practices while setting new sustainability standards. Digitalization and digital transformation are key elements of NIMP 2030. Embracing these technologies will enhance production efficiency, spur product innovation, and expand market reach, providing businesses with greater opportunities and a competitive edge in the global market. Let's embrace this opportunity to propel Malaysia towards a future of technological excellence and environmental stewardship. Join us in shaping a brighter and more sustainable tomorrow for our manufacturing industry and beyond! #NIMP2030 #SmartManufacturing #Digitalization #DigitalTransformation #Innovation #Sustainability #Operion

Discover how Western Digital is leading the future of manufacturing with its PRiSMS-DnA framework and 4IR technologies at the Batu Kawan factory, winning the 4IR (Fourth Industrial Revolution) Programme Award - Malaysia. #ESGBusinessAwards #WesternDigital

Is your #SME positioned to capitalise on the recent uptick in Singapore's #manufacturing sector? ✅️🏭 ➕ Positive signs are emerging! #Singapore’s manufacturing sector showed resilience in July 2024, with a notable 1.8% year-on-year increase in output, according to the latest data by Singapore Economic Development Board (EDB). While the transport engineering and general manufacturing clusters led the way, certain segments, particularly biomedical manufacturing, faced challenges. This varied performance across clusters highlights the diverse and multifaceted nature of Singapore’s manufacturing landscape. Sectors like transport engineering, which saw significant #growth, could provide a boost for businesses involved in supply chains, logistics, or related services. On the flip side, clusters with declining output may signal a need for affected firms to adapt and innovate to maintain business viability. 🔍 Explore the insights from EDB's latest Monthly Manufacturing Performance report. Download the full report here: https://lnkd.in/gSrsvBu At SME Centre@SMF (Singapore Manufacturing Federation), we help #SMEs identify opportunities, mitigate risks, and propel your business forward. Book a complimentary 1-to-1 business advisory session here: https://lnkd.in/g_5tassX and let our Business Advisors #support your business growth! #smesupport #sgbusiness #businessgrowth #businesssupport #businessadvisory #consulting #businessstrategy #monthlymanufacturingperformance #SGeconomy #economicoutlook #businessresilience #growthopportunities #transformation #manufacturingoutlook #manufacturingtrends #productivity

Fast-tracking success in Singapore's #manufacturing sector. 🏭 A closer look at #Singapore’s economy reveals a thriving manufacturing landscape in September 2024. According to the latest data from the Singapore Economic Development Board (EDB), manufacturing output rose by an impressive 9.8% year-on-year, with significant growth across various clusters. From biomedical manufacturing’s remarkable surge to precision engineering’s steady progress, the sector is brimming with vitality and opportunity. 💡 Whether it's meeting the growing demand for precision components or aligning with increased production of food additives, businesses have clear pathways to innovate and expand. However, navigating the evolving landscape requires strategic agility to address potential challenges effectively. 🔍 Explore more insights in EDB’s Monthly Manufacturing Performance report. Download the full report here 👇 https://lnkd.in/gSrsvBu At SME Centre@SMF (Singapore Manufacturing Federation), our Business Advisors are on hand to guide you through strategic alignment and operational improvements. Book a complimentary 1-to-1 business advisory session here: https://lnkd.in/g_5tassX and discover practical solutions to unlock your #SME’s full potential. #smes #smesupport #sgbusiness #businessgrowth #businesssupport #businessadvisory #consulting #businessstrategy #monthlymanufacturingperformance #SGeconomy #economicoutlook #businessresilience #growthopportunities #transformation #manufacturingoutlook #manufacturingtrends #productivity

Unlocking the Future of Manufacturing 🧑🏭🌐 Join us on December 10, 2024 at Eastin Hotel, Penang to explore the transformative power of smart manufacturing. Discover how interconnected ecosystems can revolutionize the industry, driving innovation, enhancing efficiency, and boosting ROI. Key Highlights: 📝 Smart Manufacturing Framework Presentation: Gain insights into the latest strategies and technologies shaping the future of manufacturing. 👥 Expert Panel Discussions: Hear from industry leaders and thought pioneers on the latest trends and best practices. 💡 Case Study Presentations: Learn from real-world examples of successful smart manufacturing implementations. Let's shape the future of manufacturing together: https://lnkd.in/gKDz-XCb #DPEvents #SmartManufacturing #Penang2030 #NIMP2030 #SmartManufacturingFramework #GlobalValueChain

Steady gains, resilient #growth. 📈 #Singapore’s manufacturing sector achieved a 1.2% year-on-year increase in October 2024, showcasing its resilience amidst global uncertainties. Key clusters like transport engineering (+10.9%), biomedical manufacturing (+7.8%), and electronics (+4.3%) continue to adapt, innovate, and thrive. 🌍 Rising export demand in aerospace and electronics, along with expanding opportunities in biomedical manufacturing, highlights areas for strategic alignment. Even challenges in general #manufacturing and chemicals point to untapped niches for product #innovation or exports. Explore the full details in the latest Singapore Economic Development Board (EDB) report here 👇 https://lnkd.in/gxTuR6xT At SME Centre@SMF (Singapore Manufacturing Federation), we’re committed to supporting Singapore’s manufacturing sector. Book a complimentary 1-to-1 business advisory session here: https://lnkd.in/g_5tassX and discover how we can help your #SME seize new opportunities and navigate emerging trends. #smes #smesupport #sgbusiness #businessgrowth #businesssupport #businessadvisory #consulting #businessstrategy #monthlymanufacturingperformance #SGeconomy #economicoutlook #businessresilience #growthopportunities #transformation #manufacturingoutlook #manufacturingtrends #productivity

📣 EUROCHAM Spotlight: Member Milestones 📣 Philip Morris International co-hosted the Malaysia Electronics Supplier Summit with the Malaysian Investment Development Authority (MIDA) on 13 November 2024 in Johor Bahru. The summit, supported by the Johor State Government and key corporate partners, showcased Johor’s growing reputation as a hub for innovation and excellence in the Electronics Manufacturing Services (EMS) sector. Industry leaders and stakeholders came together to spotlight the region’s strategic location, skilled workforce, and robust infrastructure—solidifying Johor’s role in the global supply chain. Philip Morris (Malaysia) highlighted Johor’s business-friendly ecosystem, positioning it as an ideal destination for both foreign and domestic investments in high-end electronics manufacturing. 🔗 Learn more: https://lnkd.in/gGkey-SR #MIDA #PhilipMorris #ElectronicsInnovation #JohorDevelopment #globalsupplychain #EUMYstrongertogether #eurochammy

Navigating Digital Transformation in Malaysian Manufacturing. As Malaysia strides toward a digital future, our manufacturers face a unique set of challenges. From skilled labor shortages to infrastructure limitations, the journey is not without its hurdles. As we aim for our digital economy to contribute 22.6% to GDP by 2025, it’s crucial for all stakeholders—government, industry leaders, and educators—to collaborate and overcome these challenges. - #smartmanufacturing #digitaltransformation #ivtechmy #ivtechcommunity