The BMW Group held its first-ever Supplier Day in Singapore in an effort to broaden its automotive sourcing base in Southeast Asia and make better use of the competencies of the local automotive supplier base and value chain. The event was held in collaboration with EDB, SPRING and A*STAR's Singapore Institute of Manufacturing Technology (SIMTech). 84 participants from 51 organisations, including suppliers, research institutes, and government agencies were in attendance.
As Singapore offers potential in the areas of automotive electronics, electric components software development and precision machining, the BMW Group invited interested suppliers and relevant stakeholders to inform them about the Company's business strategy and the purchasing process to become a BMW supplier.
"Electronic components and software already play an essential role in the automotive industry, but their importance will grow as it prepares to address the future of mobility through electrification," said Mr Carsten Mueller-Deiters Purchasing Director Thailand, Malaysia and Purchasing Office ASEAN, BMW Group. "As we move towards an electrified future, we require sustainable processes in component production and a new approach in its sourcing strategy. We believe suppliers in Singapore have the potential to support us these efforts."
"We welcome BMW Group's plan to increase sourcing from Singapore and the region. We are confident that Singapore's robust ecosystem of suppliers will be able to support the future of mobility. We encourage BMW and their Singapore suppliers to leverage our programmes such as the Partnerships for Capability Transformation (PACT) scheme to strengthen their partnerships," said Mr Tan Hui Khim, Director, Supplier Development of EDB.