The initiative launched on Monday 22nd November 2021, in Singapore by country’s PM Heng Swee Ket. It is a part of series of similar initiatives announced on the opening day of ITAP or ‘Industrial Transformation Asia-Pacific 2021’ event. The investment will be in the technology which will help smaller firms to cope with major disruptions happening in future, in the supply side of products or services.
The investment over next two years will be used to carry out research in Data Analyzing Technology, which will scrutinize the supply chain and by running the simulations of crisis scenarios before they even occur to help companies tackle the real-life situations and properly allocate resources where the troubles arise.
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