Singapore, 18 April 2023 – YCH Group, Singapore’s largest homegrown supply chain and logistics provider inked two Memoranda of Understanding during the China-Singapore (Chongqing) Demonstrative Initiative on Strategic Connectivity (CCI) on Thursday, 13 April 2023.
The China-Singapore (Chongqing) Demonstrative Initiative on Strategic Connectivity (CCI), inaugurated on November 7, 2015, is Singapore's third government-to-government (G2G) project with China to boost bilateral ties.
Photo credit: Screen Grab from the LinkedIn account of Mr Gan Kim Yong, Minister for Trade & Industry Republic of Singapore
The signing ceremony was witnessed by dignitaries from both republics over a video conference – Chongqing Party Secretary Yuan Jiajun, and Mayor Hu Henghua, together with Mr Gan Kim Yong, Minister of Trade and Industry of Singapore, Ms Josephine Teo, Minister for Communications and Second Minister for Home Affairs of Singapore, Mr Tan Kiat How, Senior Minister of State, Ministry of Communications and Information and Ministry of National Development of Singapore, and Ms Lim Huizhen, Deputy Permanent Secretary of the Ministry of Trade and Industry of Singapore.
The first agreement is to co-develop a Sino-Singapore Modern Logistics and Supply Chain Training Base, inked between Dr Robert Yap, Executive Chairman of YCH Group, Mr Wang Qiang, a member of CCI leadership team, and Mr Lai Yuan Ming, Principal of Chongqing Jiaotong University. The training base aims to serve the following purposes.
The second agreement was signed by YCH Group's technology arm, Y3 Technologies, an award-winning provider of supply chain and logistics software solutions, and Chongqing Union Flight Technologies Co., a developer of IoT solutions and software in the field of smart transportation and smart logistics. Mr Yap Chih Nam, Assistant General Manager of Y3, and Mr Huang He, General Manager of Chongqing Union Flight Technologies Co, signed the Memorandum of Understanding.
The scope of collaboration between the two parties will cover the following.
• Joint research and development of AI intelligent algorithms and machine models based on various industry application business fields to reduce costs and increase efficiency in the industry.
• Co-create logistics and supply chain solutions to promote sustainable development and improve industry operational efficiency and traceability.
• Collaborate on architecture and business system development in various big data areas.
YCH Group entered Chongqing in 2016 to support and contribute to the CCI's mission of fostering connectivity between China and Singapore. YCH Group then signed a Memorandum of Understanding with the Chongqing Banan District Government, Chongqing ASEAN International Logistics, and Y3 Technologies to develop Chongqing as ASEAN's Logistics centre in China, connecting to ASEAN.
Developments to extend YCH Group's presence in Chongqing have been consistent, with major initiatives launched throughout the years.
“China is a key market for YCH Group as part of its vision to develop ASEAN-China connectivity. Today's signing ceremony is a testament to YCH Group's mission – Innovate to Survive. As Industry 4.0 accelerates, alliances are essential for improving supply chain and logistics technologies, tapping on each other's capabilities to develop revolutionary solutions for the industry. Developing a strong talent pool for business expansion beyond Singapore is critical. EduRise™ plays an important role in enabling a ready pool of people through upskilling and reskilling to keep the supply chain and logistics industry robust. I am pleased that we are advancing collaborations in technology adoption and talent enablement to support G2G initiatives between Singapore and China,” expressed Dr Robert Yap, Executive Chairman of YCH Group.
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About YCH Group
YCH Group is Singapore’s leading homegrown, end-to-end supply chain solutions partner to some of the world's largest companies and favourite brands across more than 100 cities in the Asia Pacific region. YCH focuses on boosting customer productivity and sustainability with its proprietary best-in-class suite of award-winning solutions across industries such as fast-moving consumer goods, electronics, chemical and healthcare, cold chain logistics, and e-Commerce. A strong proponent of innovation, YCH is recognised for its 7PL™ approach in seamlessly integrating supply chain strategy with execution.
For more information, please visit www.ych.com
About Y3 Technologies
Y3 Technologies is a Singapore-based, award-winning software solutions provider. Y3 provides a full suite of omnichannel solutions - delivering analytic-based tools and capabilities, purpose-built supply chain management applications, and customised e-Commerce, CRM, and loyalty services, to enable companies to better plan, manage, optimise fulfilment, and deliver winning customer experiences.
For more information, please visit www.y3technologies.com
About Supply Chain and Logistics Academy (SCALA)
Supply Chain and Logistics Academy (SCALA) is an industry-level academy that leverages on Experiential Workplace LearningTM to help individuals gain relevant knowledge in the supply chain and logistics industry. A programme partner of Workforce Singapore and YCH Group, SCALA runs programmes to upskill, reskill, as well as provide greater support to mid-career Professionals, Managers, Executives, and Technicians (PMETs) to equip them with the fundamental knowledge of the Supply Chain and Logistics industry.
For more information, please visit www.scala.com.sg
Clarrie Liew Jasmine Lim
Head of Marketing Communications Marketing Communications Executive
Executive Chairman Office, YCH Group Executive Chairman Office, YCH Group
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