80th Anniversary Commemorative Book - Singapore Manufacturing ...

The new SMF headquarters has many common areas that allow members and students attending classes at the SMF’s Centres of Excellence to interact.The SMF’s 80 th year has been a year of change – new headquarters, anew logo, a new corporate identity.These changes reflect a deep transformation, one which is essential for theSMF to remain relevant to its members for years to come.Manufacturing will undoubtedly remain a pillar of the Singapore economy.The Government has projected that this sector will constitute 20 to 25 percent of the country’s GDP in the long term.The questions which most concern the SMF leadership are:How can manufacturers here continue to thrive?How can they respond to mounting competition from China and otheremerging economies, where land and labour are relatively cheap?Domestically, how can manufacturers leverage on the small talent poolin Singapore, given that the Government is tightening its immigrationpolicies?Epilogue: Mapping the Future 91