Singapore's new trade-data platform aims to be game changer in digitalisation
It promises to improve transparency in the supply chain, enable logistics players to coordinate cargo movements, digitise documents, and improve efficiency and savings
Add BT as a preferred source
Singapore
FOR years, several initiatives to digitalise supply chains have fallen flat due to difficulties in getting enough stakeholders to use digital platforms. Industry players often cite a lack of trust, cost considerations and insufficient volume for the failure of these platforms to take off.
A new data exchange system, developed by the Singapore government in partnership with the private sector, aims to change this by offering a common data infrastructure and framework designed to be neutral and open.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’
