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Bolero, a provider of trade finance digitisation solutions, has hired Vincent Acors as its new trade finance director for the Asia Pacific region. Based out of Bolero’s Singapore office, Acors will be responsible for business operations and Bolero’s growth strategy to build on the company’s growing presence in the region, as it Acors joins Bolero from MonetaGo, a fintech company that provides digital fraud prevention solutions, where he served a short stint as head of business development for Asia Pacific. He was Prior to Bolero, Acors held various positions in telecoms-based emerging...

ING has launched a new independent company that aims to boost supply chain responsiveness to unexpected global events. Stemly, an autonomous forecasting platform for supply chains, is the first spin-out from of ING’s Singapore innovation lab. The Stemly platform uses autonomous machine learning technology to enable companies to address gaps in decision-making intelligence within supply chain operations – addressing a need that has grown in recent months. According to research carried out by advisory firm Gartner in 2019, the average forecasting error – the difference between predicted a...

The Biden administration has called for tens of billions of dollars in funding for strengthening supply chains for critical goods, after publishing its wide-ranging 100-day review into supply chains for key products. This week, the US government announced the conclusion of its 100-day analysis of supply chain vulnerabilities for pharmaceuticals, semiconductors, advanced batteries and critical minerals. The move follows an executive order (EO) on supply chains signed in late February, where President Joe Biden directed government departments to assess supply chain vulnerabilities for the four ...

Global trade has bounced back to pre-pandemic levels and recorded a 10% jump in the first quarter of 2021 compared with the same period a year earlier, reports the UN Conference on Trade and Development (UNCTAD). In the first three months of the year, trade was about 3% higher than the last quarter of 2019 – just before the crisis took hold. The rebound has largely been driven by the continued strong export performance of economies in East Asia. Early success in pandemic mitigation enabled markets in the region to bounce back faster and capitalise on rising global demand for Covid-19-relat...

Australia is in danger of being left behind on digitising trade finance as industry calls for a legal overhaul are hampered by government efforts described as muddled and lacking direction.  The coronavirus pandemic accelerated interest in digital solutions designed to replace the trade and shipping industries’ long reliance on paper-based documentation, but there is little sign of progress in Australia despite years of lobbying by figures in the trade sector.   “We’ve tried to inject positive support for reform over a long period of time, and we’re still waiting for that to happen...