Singapore’s Deputy Prime Minister Heng Swee Keat announced the launch of an S$18 million Supply Chain 4.0 Initiative during last year’s Industrial Transformation Asia-Pacific (ITAP) event.
About ITAP 2021
The Industrial Transformation Asia-Pacific (ITAP) 2021, an annual trade show, was held from 22 to 24 November 2021. The power-packed event comprised of a physical exhibition at the Singapore EXPO and a digital event.
Supply Chain 4.0 Initiative
Covid-19 exposed the weaknesses in supply chains, which the container ship that blocked the Suez Canal in March 2021 further emphasized. Mr Heng noted that diversifying supply chains is not enough and efforts like the Supply Chain 4.0 Initiative can help.
The initiative, funded by the Agency for Science, Technology and Research (A*Star) and supported by the National University of Singapore (NUS) and the Singapore University of Technology and Design (SUTD), aims to develop digital and automated solutions that enable small and medium-sized firms (SMEs) which lack the resources only multinational corporations (MNCs) have.
A*Star’s new Supply Chain Control Tower, housed in the Advanced Remanufacturing and Technology Centre (ARTC) in Jurong West, will test the solutions developed. PD Solution is one of the companies participating in this initiative.