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Singapore launches supply chain data exchange, to invest $70 mil in communications R&D

Atiqah Mokhtar
Atiqah Mokhtar • 2 min read
Singapore launches supply chain data exchange, to invest $70 mil in communications R&D
The exchange is expected to unlock more than $200 million of value annually through optimised supply chain operations.
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Deputy Prime Minister Heng Swee Keat has on July 13 announced the launch of the Singapore Trade Data Exchange (SGTraDex).

The exchange, described as a common data infrastructure for the supply chain eco-system, will enable stakeholders and firms to share data securely. It is expected to support an ecosystem-wide digital transformation.

"The launch of SGTraDex is most timely, as we see a reconfiguration of global trade flows and supply chains," Heng says, speaking at the Asia Tech x Singapore (ATxSG) summit event.

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