Securing Singapore’s supply chain for the future
Regional cooperation is key, and the Singapore government can take the lead in catalysing cooperation between enterprises and countries
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Rakesh Agarwal
Not too long ago, trade wars sent technology companies in various parts of the world scrambling to hoard electronic parts essential to computers, smartphones and other products. Such stockpiling efforts led to shortages of components such as semiconductors, which impacted other industries like the automotive industry that were reliant on those parts. More recently, we have seen energy prices skyrocket when oil supplies were impacted.
In a world where an unprecedented global pandemic has upended economies and supply chains, the need for regional cooperation has never been greater. This is particularly true for Singapore, which is heavily reliant on trade, and whose businesses may still have some way to go in their transformation of supply chains.
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