Singapore eyes creating 10,000 wholesale trade jobs by 2020

There are currently 34,000 firms in the wholesale trade industry.

The Ministry of Trade and Industry (MTI) launched the Wholesale Trade Industry Transformation Map (ITM) to help companies digitalise.

According to a press release, the ITM targets the creation of 10,000 new jobs by 2020.

Comprising over 34,000 firms, the wholesale trade industry provides livelihoods for more than 325,000, accounting for 9% of the workforce in 2016.

The ITM aims to build trade connectivity through digital marketplaces and platforms.

It will also develop enterprise capabilities and industry-ready talent with skills for digitalisation and internationalisation.

Here's more from MTI:

The ITM includes plans to accelerate global trade connectivity, facilitating and capturing value from e-commerce trade flows, as well as increasing SMEs’ market access and productivity through digital marketplaces and platforms

A new government agency, named Enterprise Singapore, will be formed through the merger of IE Singapore and SPRING.

At the PMET level, relevant Professional Conversion Programmes (PCP6) and tertiary programmes will provide local PMETs with opportunities to re-skill and move into new positions in wholesale trade.

Also Read

Over two-thirds of S’poreans embrace tech and AI-driven change in the workplace

Lack of career progression, not pay, now drives Singapore job exits

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit