World Economic Forum – EDB Manufacturing Transformation Insights Joint Report offers new insights on the Industry 4.0 maturity of the manufacturing sectors globally

• The Smart Industry Readiness Index (SIRI) is the first international programme to benchmark the current state of manufacturing globally 
  
  
• Data from nearly 600 manufacturing companies across 30 countries shows that semiconductors, electronics, and pharmaceutical sectors are frontrunners in digital transformation
  
  
• Productivity and quality-linked performance indicators are key focus areas for both multinational corporations (MNCs) and small and medium-sized enterprises (SMEs) alike, but flexibility and speed are fast-emerging areas of priority
  
  
• The International Centre for Industrial Transformation (INCIT) – an independent, non-governmental, not-for-profit organisation – has been established to work with both public and private sector partners to scale the SIRI programme internationally

The Singapore Economic Development Board (EDB) – in partnership with the World Economic Forum (“The Forum”) – launched the 2022 edition of the Manufacturing Transformation Insights Report today. The report offers new insights and findings emerging from the Global Smart Industry Readiness Index (SIRI) Initiative. The initiative aims to build the world’s largest data sets and benchmarks on the current state of manufacturing globally by accelerating the adoption of SIRI as the international standard for Industry 4.0 benchmarking and transformation.

The report is an outcome of an 18-month Forum-EDB partnership and draws on data from close to 600 manufacturing companies across 30 countries to outline the current state of industrial transformation across different sectors. It presents detailed case studies on how different stakeholders – ranging from manufacturers to industry associations and governments – are actively leveraging the SIRI programme to accelerate their digital transformation journeys. Key findings of the report are summarized in Annex A of this press release.

To support the international scale-up of SIRI, a new non-governmental, not-for-profit organisation – International Centre for Industrial Transformation (INCIT) – has also been established since May 2021. As a neutral, independent entity, INCIT will work with both public and private sector manufacturing-related organisations to catalyse and support industrial transformation across geographies and industries.

“Global Launch Event – Manufacturing Transformation Insights Report 2022” on 24 February 2022

As part of the launch of the report, the Forum and EDB will be co-organizing a webinar on 24 February 2022, 1100hrs CET / 1800hrs SGT. The webinar will include a presentation by the Forum on key findings from the report, as well as a panel discussion by key industry leaders. To sign-up for this webinar, please visit the event’s registration page at https://go.gov.sg/12rwxt.