| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5128619 | Procedia Manufacturing | 2017 | 4 Pages |
Manufacturing accounts for a quarter of worldwide employment. Employees of this sector earn higher than the median income of a country. Manufacturing contributes up to twenty percent of Gross Domestic Product, GDP of countries. Moreover it has multiplier effect on business services jobs. Manufacturing is vital to country's economic growth and ability to innovate. Hence countries such as Singapore, China, USA, Germany, India, UK, Korea, and Japan have embarked on substantially funded national programs to strengthen manufacturing. Singapore's nineteen billion dollars Research, Innovation and Enterprise plan known as RIE2020 has a major emphasis on Advanced Manufacturing and Engineering, AME. Automation and robots have been part of manufacturing innovation. The following discusses what are on the horizon that will shape the future of manufacturing.
