Forget business as usual – transformation is the new normal
Singapore must continue to transform industries, build new growth engines and strengthen its “TICK” quotient
Add BT as a preferred source
ELECTROLUX is shutting its Singapore regional headquarters, while Tetra Pak will close its Singapore factory, with 300 workers affected. Meanwhile, retrenchments in the Republic more than doubled to 14,320 last year.
Some may wonder if Singapore is losing its mojo, or if we are being priced out of the competition, with our value eroded because of constraints in manpower and land.
We could not have predicted Covid-19 and the onslaught it had on the global economy. Business transformation took a backseat as companies fought to survive. The world is now very different. Economic fragmentation, wars, the end of cheap money and rapid technological advancements have changed the rules of the game.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
