Manufacturing sector in Singapore
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How long will manufacturing sector last in Singapore? Which countries will become the manufacturing hub?
Another question comes into my mind also:
Will the current manufacturing practice become outdated? If so, what is the estimated outdated period? -
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this topic dont really belong to chit-chat leh...
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won last...all will go to china...
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I don't know where to post la. I try posting at speaker corner now because of you.Originally posted by thoreldan:this topic dont really belong to chit-chat leh...
Hope don't kana scolded. -
No matter wat... there will be manufacturing sector in Singapore...
y???
Becoz, manufacturing is one of the big pillars in supporting economy...
In fact, manufacturing directly affects economy.. -
manufacturing exists in Singapore....but not those like textiles or shoes.....they are higher-end.....such as semicon chips....
How long it can last.....well.....as long as it can......depends on global competition......but I think the government is also kan-chiong......so they always try to move even higher-end....such as biotech....
So there will always be manufacturing in Singapore.....but because of high labour cost, high overheads, the manifacturing sector will focus on high-end/ high added value industries..
Thank you..
Meat Pao. -
I do sort of agree with you. At that time, most manufacturing company will be moving out of Singapore, leaving with a few companies behind in Singapore. Doesn't it make unemployment rate in manufacturing sector increase?Originally posted by ispyyy:No matter wat... there will be manufacturing sector in Singapore...
y???
Becoz, manufacturing is one of the big pillars in supporting economy...
In fact, manufacturing directly affects economy..
(By the way, is a manufacturing company on 24 hours operation?) -
Can you give me a few examples of high-end/high added value industries besides semicon?Originally posted by Meat Pao:manufacturing exists in Singapore....but not those like textiles or shoes.....they are higher-end.....such as semicon chips....
How long it can last.....well.....as long as it can......depends on global competition......but I think the government is also kan-chiong......so they always try to move even higher-end....such as biotech....
So there will always be manufacturing in Singapore.....but because of high labour cost, high overheads, the manifacturing sector will focus on high-end/ high added value industries..
Thank you..
Meat Pao.
Thanks.
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ship building.Originally posted by whereismyrib:Can you give me a few examples of high-end/high added value industries besides semicon?
Thanks. -
Originally posted by ditzy:ship building.
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yup yup very true, no company will manufacture low cost products here due to the high labour cost thus increasing cost to sustain profits which is not a good option if a company wants to market the products out. Most companies aims for low cost labour and sells their stuffs for a higher profit.Originally posted by Meat Pao:manufacturing exists in Singapore....but not those like textiles or shoes.....they are higher-end.....such as semicon chips....
How long it can last.....well.....as long as it can......depends on global competition......but I think the government is also kan-chiong......so they always try to move even higher-end....such as biotech....
So there will always be manufacturing in Singapore.....but because of high labour cost, high overheads, the manifacturing sector will focus on high-end/ high added value industries..
Thank you..
Meat Pao.
Basically a developing country will always start off in industrialization then R&D then tourism, that is how major cities evolve through the years, singapore is now moving into the phase of tourism, but industrialization and R&D won't die out in singapore because it still forms a major base in the a country's revenue, position and impression in the world. -
ur question very broad based leh. got any specialization anot? like plastics or steels, etc?
generally unless you're manufacturing products for the niche market, it's still viable. those not really highly specialized field already take flight to countries like china, india, vn, thailand, etc.
i personally think india has great potential is a great place for long term investment. -
Yes I agree, ship and oil rig building, it takes alot fo technologies and planing to build and meet deadlines. These are heavy industries that churched well in the past few years, some of these companies pay up to 7 -8 month bonus and annual pay can increase as much as 15% not including merit yet.Originally posted by ditzy:ship building.
Most of these organisation have contract worth billions till 2015 and still coming. Do you know that singapore is one of the world best and biggest rig builder??? In Asia, our marine and shipbuilding is also consider as one of the top performer with Total Quality Management approach. -
Sorry lah. I dun hab a crystal ball leh...........
Mebbe you shud ask the Ministry of Trade & Industry? -
Recent report says India wants to beat China to be the global manufacturing hub. Any comments? Like that manufacturing in Singapore will all be gone. -_-
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Singapore is known for its soundcards.Originally posted by whereismyrib:Can you give me a few examples of high-end/high added value industries besides semicon?
Thanks.
most computers we used are made in other countries
but the soundcards that come with the computers are all made in singapore.
yup
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if it is technologically based, it will be short-lived as most of these will be shift to third world/developing countries, i still remember my mom working as a seamstress in one of the company when i was very young in the 80s.
now it is all automation, less manpower usage = less cost over long run.
few years back, Singapore was promoting bio-science and nanotechnology related stuff. now the focus is on IR.
IMO, Singapore is going towards the trend of specialist-industry.
Developing countries is like "jack of all trade but master of none", developed countries has less manufacturing, even if they have, it will be for their local usage (i.e Japan) -
Any idea which manufacturing area will remain in Singapore and which will totally move out of Singapore? Biomedical manufacturing? Semiconductor? erm.. Still come what manufacturing huh? Shipyard? aerospace? and .. ?
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and when that happen, s'pore economy will collaspeOriginally posted by Aaron8209:won last...all will go to china...
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why does Singapore stay in the manufacturing phase for so long? Isn't it a good time to branch out to more R&D sectors other than just Biomed?
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ar, for that you have to ask our talented govtOriginally posted by firdooze:why does Singapore stay in the manufacturing phase for so long? Isn't it a good time to branch out to more R&D sectors other than just Biomed?