![]() Innovation is the way forward for our furniture industry. ![]() Through the DIP, Enterprise Singapore and theSFIC have made it possible for our local furniture players to partner with designers to innovate and come up with clever, relevant and commercially-viable solutions for urban lifestyles.ħ. In terms of thinking about furniture design, there is tremendous opportunity for us to take a multidisciplinary approach, whether through designers, furniture firms or even IT. That is how innovations are usually sparked. Innovation happens at the intersection of different sectors. Mark and Boon Huat mentioned that collaboration does not have to be confined within the sector. The Design Innovation Programme is one of the many initiatives that SFIC and Enterprise Singapore have undertaken to help our designers and furniture firms stay ahead of the curve. I hope that these three days will open up many market opportunities for our DIP participants and local furniture companies.Ħ. At this platform, we have a lot of buyers – not just from Singapore, but from Asia and Europe, like Italy. I am very glad that participants from the Design Innovation Programme (DIP) are given the chance to show their ideas and solutions. Some of the collections that are being featured in the Urban Living Showcase address these changing consumer preferences. This has led to stronger demand for space-efficient and ergonomic work and home furniture.ĥ. Working from home is fast becoming an option requested, or in some instances, wanted by more workers nowadays. For instance, Covid-19 has disrupted and changed the way we live, work, and play. It does not have to be mutually exclusive. As the landscape of furniture design evolves, our designers and furniture firms are challenged to re-imagine and create furniture that meets both form and function. I think we need to seize this window of opportunity.Ĥ. ![]() Earlier at FIND, I made a speech and talked about the market size, and it bears repeating that there are immense opportunities in Southeast Asia, because the regional furniture sector is projected to reach US$18 billion this year, with an annual growth of 15%, reaching US$27 billion in three years’ time. I was told that because of that, it allowed our Singapore furniture companies to gain access to the European market. Why do I say e-commerce? Two years ago, at the height of pandemic, I launched the Creative Showcase virtually. Our furniture companies look well-poised to ride on this expansion, with the rising tide of e-commerce and increasing affluence in Asia.ģ. The global furniture industry is expected to continue its growth of 5% per annum from 2020 to 2025. Today, Singapore’s furniture industry is known for its high quality and solutions for high-density urban environments. Our furniture industry has come a long way since its early days. I look forward to visiting the showcase and meeting the talents behind the innovations.Ģ. I want to extend my heartfelt appreciation and gratitude to the Singapore Furniture Industries Council (SFIC) for driving the Design Innovation Programme (DIP). I am happy to be here with you today at the unveiling of the Urban Living Showcase. Mr Ernie Koh, Presidential Advisor, SFIC,ġ. ![]() Mr Mark Yong, Chairman, Design Committee Chairman, Mr Phua Boon Huat, President, Singapore Furniture Industries Council (SFIC),
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