Enterprise Singapore (ESG) and FairPrice Online, NTUC FairPrice’s e-commerce platform, today launched YummySG!, an online initiative that provides Singapore food manufacturers with an additional platform to diversify their revenue streams.
This is part of ESG’s continuous efforts to support Singapore businesses to start selling online, since the launch of its E-Commerce Booster Package in April this year.
Hosted on FairPrice Online’s Marketplace (FairPrice Marketplace) platform, YummySG! brings together local products under the Singapore brand, providing higher visibility to consumers and differentiating them from other international products. Participating companies can leverage the platform to list their new products and potentially reach out to 1.5 million shoppers monthly.
Through this initiative, participating companies will benefit from increased marketing efforts, and data and insight sharing. Data shared will include online sales information and traffic to product listings, which can in turn help them refine their online strategies to improve sales.
ESG will also work with food manufacturers to build up their capabilities in areas including product development and packaging design, as well as to learn more about retail strategies that would be relevant for the platform.
ESG is working closely with FairPrice Marketplace to curate the products for YummySG!, as well as facilitate the partnerships between participating companies and FairPrice.
Said Ms Dilys Boey, Assistant Chief Executive Officer, Enterprise Singapore, “The rising trend of online consumption, including for food products, has been compounded by the COVID-19 situation. Our partnership with FairPrice allows food manufacturing companies to leverage a collective branding and an established platform with good reach to expand on their sales channels and reach out to more customers online.”
“At the same time, through YummySG!, they will also be able to test the receptiveness of consumers to new products that they create. This, in turn, will enable them to adjust their strategies for scaling up.”
Said Ms Deepti Lad, Head, FairPrice Marketplace & B2B, “FairPrice Marketplace, in partnership with Enterprise Singapore, will nurture and serve as a launchpad for our local SMEs through the YummySG! initiative. This will enable our SMEs to take charge of their digital transformation journey with a convenient and efficient e-commerce store to grow their business.”
“FairPrice has always been supportive of our local SME partners and we believe in working together with them to support their business development growth as part of our social commitment. We look forward to welcoming more SMEs who look to leverage YummySG! on FairPrice Marketplace to kick-start their digital transformation journey.”