17 Sep 2020

Building Corporate Resilience through Technology

The FutureChina Global Forum 2020 (FCGF) entered the second day with a strong line up of international renowned speakers discussing technology-enabled corporate resilience. The Forum received an overwhelming response of more than 1,200 regional delegates actively participating at the virtual forum and the thematic roundtable discussions. Participants included Business China corporate and individual members, corporate leaders, government officials and think tanks from Singapore, China and ASEAN region.

The Forum started with Senior Minister of State for Ministry of Health, Dr Koh Poh Koon delivering a speech on “Building economic resilience in time of change and uncertainty through online and digitalisation”. SMS Koh highlighted the increasing importance and salience of the digital economy. He acknowledged that the pandemic disrupted most industries, accelerated technology adoption across industries and catalysed the transformation of traditional industries. Concrete examples were cited on how companies had leveraged technologies to transform and enhance cost effectiveness. He encouraged the building of strategic partnership with new economy companies that will create new business opportunities and possible penetration into the overseas markets. The MOU signed between Business China and Yabuli China Entrepreneurs Forum is a good example of how both organisations will leverage each other’s programmes and initiatives to create values to the Singapore and Chinese enterprises. 

FCGF 2020 has engaged a wider network of partners to enhance the content and strengthen the line-up of speakers. This year, Business China is glad to work with knowledge partners including Chicago Booth, Yabuli China Entrepreneurs Forum, Deloitte and Milken Institute on the curation of the forum content. This year’s strategic partnership with sponsors, various knowledge partners, special partners and supporting organisation has further enhanced the quality and demographics of the speakers, moderators and conference participants. Conferences, exhibitions and networking conducted virtually provide a very good platform to bring regional enterprises together to exchange ideas, network and exhibit their best solutions and services, while eliminating the distance between the regions and strengthening collaboration.

The panellists at the main conference and the thematic roundtables had a robust discussion on “Embracing the Next Frontier of Technological Growth towards New Economic Future”. The delegates had interactive sessions with the panel on ways to overcome the challenges and capture the business opportunities in post pandemic recovery.   

During the panel discussion, a poll was conducted in which 34% of the delegates indicated that having a dynamic digital infrastructure is crucial to harnessing the potential of new technology. In the question and answer segment, many participants actively raised questions ranging from building trust through regulatory clarity to training manpower fast enough to adapt to the dynamic digital economy.

After the discussion, the speakers came to the consensus that technology will be the key driver for future global economy moving forward. Digitalisation efforts and manpower training will be of paramount important for economies to transform, ride over the pandemic before progressing further.  Regionalisation and data sharing with sound regulatory framework will help global economic recovery. Despite the complex and dynamic global environment, many speakers believed that success can be achieved through regulatory sandbox for public private partnership.  Regionally, Singapore can still play a part to springboard technologies from China to ASEAN.

 FCGF 2020 will conclude tomorrow on 17 September 2020 where Mr Robin Hu will moderate “In Conversation with Minister Chan Chun Sing”. Minister Chan will be the Guest-of-Honour on the last day of the Conference.