COVID-19 containment measures around the world have impacted both national and international supply chains and trade. Responses to the 2020 Atradius Payment Practices Barometer (PPB) survey in Asia suggest the resulting delays in payments are largely being financed by suppliers as the use of trade credit and, along with...
Amid the COVID-19 downturn, employees’ adaptive skills top the list of workforce competencies that employers in Singapore consider critical to surviving the economic impact of the coronavirus outbreak. This is one of the key findings in the recent NTUC LearningHub's Employer Skills Survey report.
The...
In response to the sharply deteriorating global COVID-19 situation, the Fortitude Budget, the fourth for 2020, was delivered in a ministerial statement on 26 May 2020. This builds on the previous Unity, Resilience and Solidarity Budgets to help businesses and individuals adapt and build resilience, amid the...
In this rapidly evolving world, Adaptable HR plays a central role in helping organisations navigate the ever-changing business and operating environment, according to the Asia Pacific’s largest study on the State of HR Transformation recently launched by Alight Solutions and People Matters.
This study,...
The speed of technological disruption is making it difficult for regulators to keep pace but regulatory response needs to be measured in order to protect innovation, according to a report from The Economist Intelligence Unit released in early 2020.
A fine balance: Regulations and...
As the COVID-19 pandemic sweeps the globe, companies are decidedly more pessimistic about the global economy than their own prospects, according to a new study released by the Economist Intelligence Unit on 24 April 2020.
This study, the Global Business Barometer (GBB), supported by...
Besides the economic slowdown wrought by the COVID-19 pandemic, another issue that has raised concerns around the world is the security of the global food supply chain. This is especially significant for small countries like Singapore that rely heavily on food imports. As a result, recent border...
Despite the prominence of millennials in the workforce, a recent study commissioned by Epicor and conducted by MORAR Consulting found that only 19% of distribution business leaders said recruiting millennials was a "fairly significant" or "major" focus for their organizations.
At the same
time,...
On 4 April 2020, Enterprise Singapore (ESG) announced the Food Delivery Booster Package to support F&B businesses to diversify operations through food delivery. Under the first phase of the roll out, ESG funds five percentage points of the commission cost charged by three food delivery platforms –...
With the current COVID-19 situation resulting in Singapore’s “circuit breaker” measures amidst a global economic slowdown, the government has introduced a raft of measures aimed at supporting SMEs through this difficult time, as well as preparing them for the eventual recovery and upturn.
