SINGAPORE: Seven industry-led groups will develop and execute ideas in key areas of economic growth within three months, in the latest push to ensure Singapore’s economy emerges stronger from the COVID-19 crisis.
The seven alliances will look at sustainability, enabling safe and innovative visitor experiences, facilitating smart commerce, digitalising the built environment, digitalising supply chains, robotics and EduTech.The movement highlighted that the focus on sustainability as well as environmental, social, and governance standards is likely to increase post-COVID-19.
“This is to ensure that Singapore remains a global Asia node, and a leading hub for business and enterprise in Asia-Pacific, despite a potentially long COVID-19 shadow,” it added. “We therefore have the conditions to create a ‘smart commerce’ ecosystem that blends digital and physical retail, and allows local stores to tap into a global consumer market,” it added. “Such a system would require the complete reimagination of the online and offline shopping experience.”Digitalisation and technology also feature heavily as areas of focus for the alliances.