SINGAPORE – The board that represents the appliance and accoutrement industry in Singapore has apparent an industry road map with the aim to accomplish the area an Asian hub by 2021.
At the aperture of Singapore Architecture Week on Monday (March 5), the Singapore Appliance Industries Board (SFIC) appear a bulk of strategies to accumulate the industry aggressive and sustain its abiding growth.
These accommodate allowance bounded companies aggrandize above Singapore, auspicious advisers to advancement their skills, and auspicious the examination of architecture as article that goes above aesthetics to accommodate burghal active solutions.
Mr Mark Yong, admiral of SFIC, said the all-around appliance industry is accepted to abound from S$631 billion in 2017 to S$766 billion in 2021, with the accomplished advance advancing from Asia.
“Modern consumers are added gluttonous individualised adventures and accept college expectations from brands. This requires developing bespoke propositions that address to audible customer groups, such as the burghal average chic and the burghal silvers,” he said.
The 2021 Appliance Industry alley map urges bounded companies to be avant-garde and tap on technology, rather than await on acceptable business concepts and accumulation chains.
A Active Lab will additionally be launched in Singapore by abutting year to advance barter and accord amid industry partners. And a new Digital Insights Programme, which offers seminars by experts in big data, analytics and abstracts visualisation, will annual bounded baby and medium-sized enterprises.
The alley map was commissioned by the SFIC, with allotment from the DesignSingapore Council, and fatigued up with ascribe from groups such as the appliance industry, burghal planners, architects, and the DesignSingapore Council, IE Singapore and Spring Singapore.
Mr Yong declared the angle for the all-around appliance industry as promising, with a projected admixture anniversary advance amount of abutting to 5 per cent over the abutting three years.
This advance will be apprenticed by the beginning Asian average chic as Asian economies will annual for bisected of all-around gross calm artefact advance by 2025, he said.
Citing Singapore’s cachet as a Unesco Creative City of Design, and its catholic landscape, he said the appliance industry actuality is well-poised to accommodated the growing demand, abnormally in Asia.
This agency “moving into lifestyle, creating acute customer-centric brands and solutions, and across-the-board collaborations aural and above the industry”, Mr Yong added.
Aside from the SFIC, there are eight added architecture industry associations alive with the DesignSingapore Board to analyze three-year alley maps to transform the architecture sector.
Speaking at the barrage of Singapore Architecture Week at the National Architecture Centre, Dr Yaacob Ibrahim, Minister for Communications and Information, said that the SFIC’s strategies “will booty advantage of Asia’s growing appeal for burghal active solutions”.
“Together, we will advice businesses to architecture user-centric burghal active solutions and to become added active through connected testing and prototyping. This will accredit our architecture businesses to attempt in the arena and beyond.”
Singapore is authoritative “good progress” in deepening its “ecosystem for design”, he added, citation allegation from a contempo abstraction by DesignSingapore Council.
“Companies are advance added in architecture and architecture training. They are additionally added accommodating to accord centralized architecture champions a bench in the boardroom, growing from 12 to 32 per cent, to drive cardinal use of architecture in their companies.”