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Can Industry 40 revolutionise manufacturing The ASEAN Post ~ Furthermore it would allow ASEAN countries to overcome their respective productivity gaps The productivity gap is the gap between cost of paying an employee and the employee’s productivity Barring Singapore ASEAN’s productivity gap prevents the manufacturing industry from reaching its maximum potential
Industry 40 Reinvigorating ASEAN manufacturing for the ~ Industry 40 is expected to drive productivity increases comparable to those generated by the introduction of the steam engine in the Industrial Revolution Globally it is expected to deliver between 12 trillion and 37 trillion in value exhibit
ASEAN 40 What does the Fourth Industrial Revolution mean ~ Industrial Revolution on ASEAN It will bring huge benefits such as empowering SMEs and creating new ways to connect citizens to healthcare Equally it will bring tremendous challenges such as deep disruption to jobs as AI and advanced robotics undermine both manufacturing and services jobs The paper also explains why ASEAN must adopt a regional
Malaysia launches Industry 40 policy The ASEAN Post ~ The Fourth Industrial Revolution or Industry 40 has become a commonplace term on the minds of politicians industry leaders academics and people alike It represents a future which holds the promise of accelerated disruption and the birth of new technologies that stands to revolutionise our daily lives
Singapore aims to lead the way in Industry 40 efforts in ~ Asean is expected to become the fourth largest economy in the world by 2030 continuing the steady progress seen over the last five decades According to a McKinsey study riding the Fourth Industrial Revolution wave could help Asean capture up to US600 billion of the US37 trillion in global benefits expected from Industry 40 by 2025
Industry 40 Reinvigorating ASEAN Manufacturing for the ~ Industry 40 Reinvigorating ASEAN Manufacturing for the Future 11 EXHIBIT 4 Early adopters show productivity gains and OEE improvements Productivity gain Overallequipmenteffectiveness OEE improvement 1 Electronics 30–50 15 Chemicals oil and gas and mining 2 50 20 3 Consumer goods 10–40 20 4 Food 50 15 5 Pharmaceuticals 50 10–15
Growing Opportunities for Manufacturing in ASEAN ASEAN ~ From the region’s financial services capital in Singapore to its lowcost manufacturing hubs in Vietnam the ASEAN region offers numerous opportunities for businesses interested in establishing operations or trading in Asia
ASEAN 40 What does the Fourth Industrial Revolution mean ~ This research report focuses on the impact of the Fourth Industrial Revolution on the Association of Southeast Asian Nations ASEAN The Fourth Industrial Revolution refers to a set of highly disruptive technologies such as artificial intelligence AI robotics blockchain and 3D printing that are transforming social economic and political systems and placing pressure on leaders and policymakers to respond
PDF Industry 40 the Future Concepts and New Visions of ~ Worryfree Productivity Industry 40 is believed to be the new Industrial Revolution of the 21st century as it allows for an autonomous vision and use of technology to produce services and products more intelligent attractive fast and flexible with the needs of todays market always focusing on reduction of costs and increase in efficiency
Key Industries for Investment in ASEAN ASEAN Business News ~ Electronics The electronics sector has long been a major force in ASEAN’s rapid economic development and continues to rise In 2010 total ASEAN electronics exports accounted for over US195 billion or 18 percent of the region’s total exports and last year electrical and electronic EE
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