Digital tools helping SMEs to handle supply-chain chaos
These tools keep operations lean and costs low, and enable rapid scale-up. Tech startups offering these tools say they are no longer a luxury.
THE chaos in global supply chains caused by the Covid-19 pandemic has exposed inefficiencies and blind spots in the shipping and logistics industry, which still depends heavily on old-school methods of pen and paper, phone calls, e-mail and faxes.
At the same time, it has shown companies that have embraced digital tools to be more adept at dealing with the challenges that keep popping up.
In December, HEC Electrical & Construction started using a supply-chain digitalisation platform developed by local startup Trames to manage its purchases of items such as electrical switchboards and lights from overseas suppliers.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
China’s Huawei reveals chip design breakthrough amid US sanctions