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Asian boom drives Singapore R&D in consumer goods
Retail sales volumes in Asia are tipped to rise by 3.3 per cent in 2020, outpacing the global average of 2.2 per cent
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Annabeth Leow
Published Fri, Dec 27, 2019 · 09:50 PM
Singapore
SLAMMED by a slump in global electronics, the manufacturing sector has spent the year in the red - but the fast-moving consumer goods (FMCG) segment continues to show promise.
Yet, with food and beverage (F&B) and tobacco just 5.4 per cent of Singapore's weighted factory output, it is industry research and development (R&D), not FMCG output, that could drive crucial economic contributions.
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