Business-to-business e-commerce is projected to reach a staggering US$6.7 trillion (S$9 trillion) by 20201. This will largely be driven by improved digital connectivity and the emergence of new platforms. Singapore is aiming for a large slice of this market, by building digital marketplaces and attracting global players. Here are some programmes that will enhance your capabilities in this field:
1: “The Global B2B E-commerce Market Will Reach 6.7 Trillion USD by 2020, Finds Frost & Sullivan”, 9 April 2015
Use ASEAN Single Window (ASW), a digital trade facilitation platform to clear customs faster when you trade with member states. This speeds up the release of cargo and makes trading in the region more cost-effective.
The ASW is a regional initiative to link up digital trading platforms in ASEAN to facilitate trade within the region. Currently, Indonesia, Malaysia, Singapore, and Thailand uses the ASW to exchange electronic certificates of origins to speed up customs clearance.
Other plans are in the pipeline, such as using the platform to assign preferential tariff rates, allow more documentation to be exchanged, and get more ASEAN members on board.
Access this supply chain platform to enjoy more efficient cross-border transaction of goods.
IBM and Global eTrade Services developed a digital trade platform that connects 350,000 trading partners on IBM’s Supply Chain Business Network to 18 global custom nodes. These include Singapore, China, Indonesia, Thailand, and the United States. Members can automate customs declaration and move your goods across borders with more ease.
Gain step-by-step advice on the digital technologies that your small and medium-sized enterprise (SME) can use to boost productivity at each stage of its growth, through the Industry Digital Plan (IDP) for Wholesale Trade. Developed jointly by Infocomm Media Development Authority and wholesale trade industry leaders, the IDP serves as a guide for local SMEs in the wholesale trade industry to embark on their digitalisation journey, plug skills gaps, and participate in national innovation initiatives.
You can refer to the digital roadmap in the IDP to assess your company’s digital readiness and identify opportunities for going digital. For a more comprehensive review of your business, you may seek basic or specialist digital advisory through the SME Centres or SME Tech Hub respectively.
Need more help to implement your digital plans with sustainable outcomes? Digital project management services are also available for you under the SMEs Go Digital programme.
Sign up for the Networked Trade Platform (NTP), a one-stop trade and logistics platform for customs clearance and trade-related services. As a member, you can:
Take advantage of Singapore’s more than 22 implemented Free Trade Agreements with our trading partners to grow your export business.
Tap Enterprise Singapore’s suite of talent attraction and development programmes to hire and upskill your employees.
Check out Enterprise Singapore’s programmes to support your globalisation effort.
Want to network with and pick the brains of other industry leaders? Mark your calendar with Enterprise Singapore’s latest events.
Start Digital is an initiative, in collaboration with IMDA, under the SMEs Go Digital programme to help SMEs adopt digital solutions right from the start.
New companies often prioritise business development and profit generation. As a result, operations management may take a backseat. By digitalising early, you can better focus and capture opportunities for your business without being constrained by day-to-day operations.
With our Start Digital Pack, SMEs can get access to modular digital solutions that will help accelerate their start up process and business growth. For more information, visit www.imda.gov.sg/StartDigital.