Through the IDP, IMDA will identify projects that aim to uplift the whole sector and help SMEs to grow. This is done by partnering large companies or industry leaders to co-create the solutions in such projects in the best interest of SMEs and at the same time align with national initiatives such as the National Trade Platform.
One of the first projects is the tripartite partnership between IMDA and VCargo Cloud, together with Bollore Logistics (Singapore) Pte Ltd, Dimerco Express Singapore Pte Ltd, and L.C.H. Lockton Pte Ltd. Through MOIs, these major logistics players will lead their SME clients through the digitalisation process using VCargo Cloud’s eCargo Consolidation Platform which will help SME freight forwarders or shippers to lower freight rates and develop internal capabilities and efficiencies.
At the same time, large freight forwarders or insurance providers can enjoy an additional source of revenue by serving SME freight forwarders or shippers. As a result, data is available for contribution to the National Trade Platform.
More details will be released.