Trade associations and chambers, like the Association of Aerospace Industries (Singapore) (AAIS), play an integral role in building Singapore’s aerospace ecosystem, connecting Original Equipment Manufacturers (OEMs), Maintenance, Repair, and Overhaul (MRO) providers, local enterprises, research institutions and government agencies to collectively strengthen Singapore's aerospace value chain.
AAIS has also been at the forefront of nurturing closer ties between Multinational Corporations (MNCs) and local enterprises. Hear from its Chief Executive Chew Hwee Yong on how global aerospace companies can count on a trusted pool of Singapore enterprises for manufacturing, R&D and access to growth markets across Asia.
Where do the most meaningful partnership opportunities between MNCs and local enterprises lie today?
One key area is supply chain resilience. Amid global fragmentation, aerospace businesses are looking to diversify and strengthen their supply chains, and local enterprises play an important role in supporting more responsive and reliable operations.
Another area is technology and capability development. Many Singapore SMEs have niche technical know-how in advanced technologies and specialised areas such as AI-enabled solutions, additive manufacturing, advanced remanufacturing and aviation circularity. Partnerships allow MNCs and local enterprises to co-develop solutions, build expertise, attain international accreditations and customise solutions to customer needs.
For instance, the WAAM solution1 developed by Advanced Remanufacturing and Technology Centre (ARTC)2 and subsequently industrialised by Mencast for Rolls-Royce is a strong example of this kind of capability partnership in action.