As global companies navigate a more complex global operating environment, expanding supplier networks and investing in local partnerships can help them address current and long-term needs – from entering new markets, to innovating for long-term competitiveness.
At Industrial Transformation Asia-Pacific 2025 (ITAP), Minister of State (MOS) for Trade and Industry Alvin Tan joined executives from OMRON, Pratt& Whitney, ATC Treatments, and Clemvision in a fireside chat moderated by Melvin Tan, Vice President of the Singapore Manufacturing Federation (SMF). Here are the highlights:
1. Singapore can be “cheaper, faster, better” for manufacturers that partner with local enterprises
Singapore is a trusted location for businesses, providing easy access to other Asian markets and offering seamless trade connectivity to the rest of the world. It is home to over 350,000 enterprises, including global corporates, local companies and innovative startups.
MOS Tan also highlighted Singapore’s strong local talent pool, with its Institutes of Higher Learning such as Nanyang Technological University (NTU) and National University of Singapore (NUS) training talent through joint R&D programmes tailored to create solutions for real-world problems.
By being at the crossroads of global trade, Singapore can play “a unique role as a trusted connector where multinationals and local enterprises come together to co-create, build capacity, and drive innovation,” said MOS Tan.