Training Course on Servicification of Manufacturing Sector for Higher Productivity

With services now over 70% of global GDP and the rise of servicification, where services increasingly support production, reassessing service regulation is crucial (OECD, 2024). This shift is driven by technological advances, which are making some professions more routinized. A key aspect is the servicification of manufacturing, or servitization, where firms rely more on services for productivity. This occurs through 1) greater use of services as inputs, 2) more servicerelated jobs in manufacturing, and 3) bundling services with goods.

Technology, globalization, and knowledge-based activities drive this trend, enhancing efficiency and competitiveness. In the Asia-Pacific, advanced economies like Singapore lead, while developing nations are gradually integrating services into industry. This evolving landscape calls for updated regulations to foster innovation and growth.

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