Powering the growth engine in manufacturing SMEs through standards
Standards can chart the way for small and medium-sized enterprises to capture growth opportunities.
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MANUFACTURING is a critical component of Singapore's economy, contributing 21.5 per cent to the country's gross domestic product in 2020.
In the first 9 months of 2021, the manufacturing sector experienced an 11.9 per cent growth from 2020, thriving despite the supply chain disruptions caused by the pandemic.
The sector is expected to continue its growth trajectory, driven by strong global demand for semiconductors, healthcare equipment and precision-engineered products.
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