Singapore, 9 January 2018 – Get GO Global (GO) and the Asia Pacific MSME Trade Coalition (AMTC) are pleased to announce the signing of a memorandum of understanding (MOU) to promote the adoption of online logistics services in freight forwarding and warehousing for MSMEs (Micro, Small and Medium Enterprises). As part of the MOU, GO and the AMTC will co-create initiatives to encourage MSMEs across the region to digitalise their supply chains.
As part of the MOU, the AMTC and GO will carry out a digital logistics awareness and adoption program targeted at small businesses. The joint program will highlight the benefits of easy and accessible on-demand solutions for MSME’s to drastically increase time savings and logistics efficiency. Both parties also agreed that logistics needs identified by the AMTC for MSMEs will be referred to GO, while MSMEs introduced by GO to the AMTC will receive free membership and access to the resources provided by the AMTC.
MSMEs are important economic pillars within ASEAN, making up 46% the region’s USD$2.4 trillion Gross Domestic Product and spend an estimated USD$200 billion annually on logistics services. Under the ASEAN Economic Community 2025 blueprint, MSMEs are singled out for focused development along trade and technological themes. However, many MSME’s still use manual, time-consuming processes to manage their supply chains. Digital logistics service providers, like GO, are addressing this gap by providing on-demand and accessible platforms that solve these issues for small businesses.
“In our current era of on-demand and real-time exchange of goods and services, MSMEs need access to reliable and competitive logistics services. GO’s platform will offer innovative and digitalised logistics services to hundreds of AMTC members. As part of a broader MSME ecosystem vision, the opportunities offered by GO will contribute to AMTC’s mission to “level the playing field” for smaller businesses in Asia Pacific” said Annie Fong, Project Director of the AMTC.
Au Kah Soon, Co-Founder and CEO of GO, added: “Customers are increasingly “hyperconnected” through technology. They expect responses in real-time, whether it’s accessing B2C services like booking a car ride or B2B services like buying industrial parts. But today’s MSME face an average of four to seven days for a quotation for logistics services such as freight forwarding and warehousing. That slows down growth opportunities. GO is looking forward to change that, alongside partners like the AMTC, with on-demand logistics services so that ASEAN MSMEs can compete effectively today and into the future.”
Get GO Global Pte Ltd
About the AMTC
As the largest voice of MSMEs in the Asia Pacific, the AMTC is committed to facilitating the trade of goods and services by MSMEs in the region, as well as serving as a bridge between government officials and business. The purpose of the AMTC is to shape and influence trade policies that are MSME friendly in collaboration with various stakeholders. The AMTC aims to help its members grow their businesses, connect them with tools needed to compete with larger companies, and level the playing field by working with governments across the region.