35% reduced foreign worker quota

Increase in labour cost > labour productivity

69% of consumers use food delivery apps

Smart Nation and innovation drive

Source: Business Insider, March 2019; Ministry of Trade & Industry, February 2019

 

Despite these challenges, consumer appetites in Singapore remain healthy and the food manufacturing sector continues to flourish. Government data estimates that, in 2017, more than half of Singapore’s food manufacturing sales were exported. With Singapore’s status as a food paradise and its global reputation for food safety, the world loves, trusts, and wants more of our food. This offers an exciting opportunity for local food businesses to expand into the fast-growing Southeast Asian region and beyond.

CT FoodChain is designed to help businesses overcome today’s challenges and capitalise on hidden opportunities. Explore the possibilities.

Food hub Singapore
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