Share this article:

: Retail Industry Transformation Map 2025 to develop global Singapore brands, accelerate innovation and internationalisation

MR No.: 051/22

Minister of State for Trade and Industry and Culture, Community and Youth, Ms Low Yen Ling, launched the Retail Industry Transformation Map (ITM) 2025 today at the official opening of Castlery’s flagship store at Liat Towers.

The Retail ITM 2025, led by Enterprise Singapore (EnterpriseSG) in partnership with key industry players, unions and other government agencies including the Economic Development Board (EDB), Singapore Tourism Board (STB), SkillsFuture Singapore (SSG) and Workforce Singapore (WSG), focuses on strengthening Singapore as a global lifestyle and retail hub, anchored with new experiential concepts and innovative products. It will center on building a core of global Singapore brands, and uplifting the quality of jobs in the sector. First introduced in 2016, the Retail ITM then focused largely on the adoption of digitalisation and automation technology to improve productivity and reduce reliance on manpower for the sector.

Click here to read the full release.