Kevin Stevens

DESPITE optimism around post-Covid recovery, Singapore’s manufacturing sector continues to feel the pinch. 

Ongoing geopolitical tensions from the Russia-Ukraine conflict and the lingering impacts of the pandemic have disrupted global supply chains, resulting in skyrocketing costs of operations. According to the latest business sentiment polls from the Economic Development Board (EDB), Singapore’s manufacturing outlook darkened for the April-September 2022 period, as rising costs put pressure on manufacturers to stay cautious.