New trade technology billed as the key to realising digitalisation
PSA International Pte Ltd (PSA) is partnering Global eTrade Services (GeTS) Asia Pte Ltd in the development of a global common trade and supply chain platform called ‘CALISTA’.
CALISTA is an acronym of ‘CArgo Logistics, Inventory Streamlining & Trade Aggregation’ and is being created to facilitate trade and help shippers to better manage the physical movement of goods, trade financing and compliance.
The new global supply chain platform that brings together the key physical and nonphysical – such as regulatory and financial – activities of logistics players and stakeholders.
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Mr Tan Chong Meng, Group CEO of PSA, said: “I am excited by the possibilities that CALISTA can open up across the global supply chain – greater cargo flow visibility and improved coordination benefits everyone, from manufacturer to consumer.
“PSA believes that a global platform like CALISTA will be the catalyst for breakthroughs in realizing the full benefits of global supply chain digitalisation.
“Developed as an open platform, it will be instrumental in fostering closer collaboration amongst manufacturers, LSPs and other stakeholders.
“CALISTA will benefit from the strong synergies between PSA’s domain knowledge and physical assets which handle a large volume of cross border trade, and GeTS’s capabilities in digital trade connectivity services.”
Mr. Eugene Wong, Chairman GeTS, said: “We also welcome the participation of other co-developers and partners for CALISTA to make the platform even more robust in this era of digital economy.
“With our established 30-year track record in developing trade facilitation systems, we are confident that we will deliver a pace-setting platform that powers global trade, making trade more accessible, predictable and easier.”
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