For Singapore firms, getting onboard Industry 4.0 is crucial
They must shift with growing competition from low-cost countries and embrace digitalisation
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MOST Singapore manufacturers are not even at Industry 3.0, and market observers say they will need a leg-up to mount Industry 4.0 as they grow and internationalise.
Wu Hongyi, centre director for Europe at IE Singapore, told The Business Times: "Most of them are at Industry 2.5, (held back by) concerns like high capital investments and applicability."
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