Businesses have to diversify, de-risk as shocks become 'part of new normal': PM Wong
newsare.net
The ongoing energy disruptions from the Middle East crisis do not just serve as a reminder that such shocks are becoming part of the new normal, but also, the need for businesses and markets to diversify, de-risk, and build resilience with trusted partners, sBusinesses have to diversify, de-risk as shocks become 'part of new normal': PM Wong
The ongoing energy disruptions from the Middle East crisis do not just serve as a reminder that such shocks are becoming part of the new normal, but also, the need for businesses and markets to diversify, de-risk, and build resilience with trusted partners, said Prime Minister Lawrence Wong.He was speaking at the New Zealand-Singapore Leadership Forum, organised by Singapore's Ministry of Trade and Industry (MTI) and New Zealand's Ministry of Foreign Affairs and Trade (MFAT), on Monday (May 4) morning.The forum seeks to foster dialogue and collaboration between both governments with business leaders, to find ways to improve the business environment, and support investments both ways. On the issue of supply chain resilience, which affects both businesses and consumers, PM Wong said episodes such as the Middle East crisis serve as reminders that such shocks are not one-offs, but «becoming part of the new normal». Read more
