“"New industry-led alliances created to pursue growth, generate new jobs in seven key areas. The sixth alliance will focus on the digitisation of supply chains. Digitisation of global supply chains has been uneven and hampered by low adoption, lack of data sharing, and a preponderance of different platforms, noted the task force. With growing concerns over supply chain resilience and a likely shift towards regionalised supply chains after the pandemic, there will be an increased demand for end-to-end adoption of such technology, it said. This provides an opportunity to advance the use of digital technology among local logistics, regulatory, and financial players and cargo owners. Lastly, the task force said the focus on sustainability and environmental, social, and governance standards is likely to increase post-Covid-19." (Singapore Straits Times, Jun 20, 2020)”

““The rapid spread of covid-19 in China resulted in the closure of many factories as part of containment measures to curtail the outbreak. Although the Chinese government has, subsequently, encouraged factories to restart production, many have been slow to recover to full capacity. The highly integrated manufacturing processes across the globe means that the disruption to Chinese output is likely to affect industrial production across the globe. Furthermore, many retailers that import goods from China may also be significantly affected by delays to deliveries. Currently, the impact appears to be confined largely to non-food goods, but, if the situation elsewhere deteriorates, retailers may see supply issues mount. Additionally, construction and engineering firms have cited concerns about the availability of spare parts in the coming months.” (Martin Sartorius, Senior Economist, CBI, March 03, 2020)”

“"There is no commercial enterprise solution that provides full visibility of a supply chain to all participants in near-real time, provides full visibility of parallel supply chains to all participants and provides analytics support to predict emerging risks and failures within the supply chain with the ability to automate contingency planning and execution."(Aberdeen Group, 2019)”