5-pronged plan to develop Singapore as global e-commerce hub: Chan Chun Sing
- Posted by: vitu
- Category: Business
SINGAPORE – The Government has a five-pronged strategy to promote Singapore’s status as a regional and global e-commerce hub, Minister for Trade and Industry Chan Chun Sing said on Thursday (Jan 28).
He said Singapore firms must position themselves to take advantage of e-commerce opportunities as consumer behaviour during Covid-19 indicates a permanent shift towards online shopping.
He noted that online sales in Singapore as a proportion of total retail sales value had risen since the start of 2020, from 5.8 per cent in January to 14.3 per cent in November.