Harness technology, go where the trade flows are: Chan Chun Sing

Singapore

TRADE is Singapore's lifeline, Trade and Industry Minister Chan Chun Sing declared at the annual Singapore Maritime Lecture on Monday.

Now, with the world in flux, "our answer to the driving forces of demographics and climate change must be to go to where trade flows will be".

The minister delivered the lecture, which was first given by the late Lee Kuan Yew in 2007, to a crowd of more than 400 industry professionals at the Ritz-Carlton, Millenia hotel.

"We must see physical trade not in isolation, but as part of a multi-faceted connectivity that includes data, talent, technology and finance flows," said Mr Chan, citing the use of analytics on data from smarter fleet sensors to boos…