Rethinking business using global supply chain with technology

THE difference in business performance between companies with optimised supply chains and those without is vast. Supply chain is an integral and influential component that supports the overall business direction and is often a good indicator of business resilience.

Companies that are part of the global commerce network, in particular, can expect their supply chains to be put to the test in terms of their ability to navigate a variety of challenges - from fluctuating demand, stringent compliance standards and border crossing-related obstacles.

Singapore-based companies enjoy immense benefits from a highly pro-business environment, but external factors are forcing many players to review their supply chains. These factors contributing to a slowing economy include global trade tensions and competition from neighbouring countries. High operating costs in Singapore is also an issue of concern.