Singapore is among the 25 Leading countries. It ranked 11th for the Structure of Production, and 2nd for Drivers of Production.
The World Economic Forum (WEF) released its first ‘Readiness for the Future of Production Report’, (“the Report”) assessing how well-positioned global economies are to shape and benefit from changes in production being driven by the Fourth Industrial Revolution. The report was developed in collaboration with A.T. Kearney.
Singapore is among the 25 countries assessed to be in the best position to benefit from the changing nature of production.
The Report uses a new benchmarking framework, diagnostic tool and data set to help countries understand their current level of readiness for the future of production, as well as corresponding opportunities and challenges.
The assessment framework is made up of two main components: Structure of Production, or a country’s current baseline of production, and Drivers of Production, or the key enablers that position a country to capitalize on the Fourth Industrial Revolution to transform production systems. There are 59 indicators across these two components.