Singapore is well-placed to continue playing a growing role in the global commodities market amid the possible likelihood of Covid-19 turning endemic, the Singapore Exchange's head of commodities, William Chin, told Fastmarkets in an interview ahead of Singapore International Ferrous Week 2021.
"Covid-19 brought the entire commodities industry into uncharted waters and threw out century-old playbooks on scenario planning," Chin said. "Many companies have seen upstream supply chains buckling as the virus swept through economies, and the ones that have survived continue to come under pressure as the recovery in demand outpaces the logistical challenges of resuming supply."That is why Singapore is now entering its next phase in trying to deliver game-changing outcomes for market participants, mainly by utilizing technology to simplify and deliver greater efficiencies in the trade life cycle, providing thought...