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
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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.
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