Over 70 firms to help enhance supply chain efficiency via Singapore's trade data sharing platform

Nurdianah Md Nur
Nurdianah Md Nur6/1/2022 08:00 PM GMT+08  • 3 min read
Over 70 firms to help enhance supply chain efficiency via Singapore's trade data sharing platform
Photo: Screenshot from SGTraDex's webpage
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More than 70 firms have onboarded the Singapore Trade Data Exchange (SGTraDex) to help tackle supply chain inefficiencies.

The participants include DBS Bank, OCBC Bank, Standard Chartered Bank, UOB, commodity trader Trafigura, PSA, Jurong Port, Pacific International Lines (PIL), Ocean Network Express (ONE), Advario (a carve-out of Oiltanking), Jurong Port Universal Terminal and energy companies ExxonMobil Asia Pacific and Chevron.

SGTraDex is a common data infrastructure for sharing regulatory, logistics, and trade financing data. It is expected to unlock more than $100 million of value for existing participants from three initial use cases by 2026. This will come through cost savings from improved efficiency and productivity, optimal use of assets, faster access to financing, and other value-creating benefits.

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