JTC and the Singapore Business Federation (SBF) signed a Memorandum of Understanding yesterday to support manufacturers, especially SMEs, to kick-start their Industry 4.0 journey or to scale their current efforts through the adoption of technologies and solutioning for business operations through the new JTC-SBF Industry Transformation Initiative.
This initiative will provide companies that are keen in furthering their Industry 4.0 ambitions access to relevant Industry 4.0 related resources.
These include curated workshops, capability building initiatives tailored to companies’ digital readiness, and link-ups to a larger pool of technology partners and its consortiums, for solution matching to help companies develop the expertise to implement and scale Industry 4.0 solutions in their operations.
Over 300 companies are expected to be supported under this initiative and undergo Industry 4.0 transformation in the next two years. This will help them to develop new capabilities for their workforce, enhance its productivity and ensure long-term competitiveness.
Mr Tan Boon Khai, CEO of JTC, said, “SBF is an instrumental partner to drive the next phase of Industry 4.0 transformation by companies. With our large base of customers, strong network of partners, and robust advanced manufacturing ecosystem in Jurong Innovation District, more companies can become the forerunner in Industry 4.0. With this new partnership, we hope to see more businesses in Singapore transform and capture new growth opportunities in the region.”
Mr Ho Meng Kit, Chief Executive Officer of SBF, said, “The COVID-19 situation has brought disruptions to economies, making businesses rethink strategies, relook operating models and recalibrate resources. This has led to an accelerated need for a better understanding and adoption of Industry 4.0 to help local enterprises emerge stronger from the pandemic.
With the present downturn expected to be protracted, we hope that through this JTC-SBF partnership, we can further encourage more companies to take a holistic view at how Industry 4.0 solutions can help their businesses transform and thrive in the future economy.”
New initiatives to support and accelerate the next phase of Industry 4.0 transformation
This new collaboration will allow JTC and SBF’s combined network of companies to more easily access relevant Industry 4.0 resources across JTC and SBF’s networks and platforms.
Together with partners, joint engagement sessions will be carried out to further strengthen the various initiatives and encourage higher adoption of solutions for businesses to scale up their Industry 4.0 capabilities.
Companies can participate in curated training workshops and capability building programmes tailored to their level of Industry 4.0 readiness, and develop roadmaps to guide their implementation.
They will gain access to successful case studies and embark on learning journeys at Factories of the Future, giving them greater exposure to Industry 4.0 solutions in real production facilities. This will further encourage companies to transform and remain competitive amidst the pandemic.
Building a collaborative community through Industry Connect to help businesses capture new Industry 4.0 opportunities
This partnership with SBF is part of JTC’s ongoing efforts to build a collaborative community that can help companies to stay ahead of the curve. In January this year, JTC launched the Industry Connect Initiative to help businesses across its estates grow through technology adoption while enhancing talent development and environmental sustainability.
With over 14,000 customers, JTC can effectively promote business transformation to these companies by connecting them to solutions providers, trade associations, and government agencies.
To date, over 1,000 businesses in JTC’s estates have been engaged through various Industry 4.0 outreach initiatives, with around 200 companies embarking on their Industry 4.0 journey.
Leading players in the business community are sharing relevant technologies and experience to address problems faced by various industries. This has created new opportunities for businesses and their workers.
