Commodities Intelligence Center (CIC) has announced the launch of its web-based business intelligence system, CIC Data Pro, and Leads Generation Service, an international version. In cooperation with the Singapore Business Federation (SBF) CIC will sell the new products to qualifying members under the Growing in Enterprise Support (RISE) Programme. The SBF RISE Program aims to help businesses in Singapore, especially small and medium-sized enterprises ( SMEs), tide the challenges raised by COVID-19, move on with efforts to transform digitally, and emerge stronger.
Household Consumer Packaged Goods Sales up 17 percent in June Compared to One Year AgoCIC Data Pro leverages big data analytics to extract insights from a database of 1.5 billion records of customs and trade data across a wide variety of industry verticals, from manufacturing, import-export, wholesale and logistics to financial services.
The data would help companies to discover new business opportunities and locate credible partners and suppliers from over 90 countries across Asia, Europe, and the Americas. It will provide personalized industry insights into global corporations' trading practices, as well as knowledge about counterparties, production requirements, and past descriptions of shipments.
CIC Data Pro is now available on the CIC platform and is part of CIC 's suite of solutions to help businesses minimize transaction costs, improve the performance of their supply chains through cross-border trade, financing, logistics, enforcement, and risk management, and create greater global trade synergies. More than 40 businesses have subscribed to take advantage of the data services offered by CIC Data Pro, including leading global supply chain finance firms, Linklogis, and renowned businesses.
CIC Chief Executive Officer Mr. Peter Yu said, "The global spread of Covid-19 has affected every industry. With the instability of manufacturing and supply chains combined with the growing uncertainty of consumer demand, companies across the world are facing greater threats and challenges. CIC Data Pro and Lead Generation Service will help businesses to diversify their sources of revenue and expand the global reach of their supply chains, building resilience to the pandemic. If you want to see the details of acra companies in Singapore you can see here.
CIC will also be on-boarding GeTS CALISTA Finance with a US$ 20 million (S$27.8 million) fund for B2B trade finance in an attempt to double the funding for Singapore's business sector in the COVID-19 aftermath. This fund will allow companies and small and medium-sized enterprises to use CALISTA Finance to resolve short-term liquidity issues and meet trade financing needs in a seamless, safe, and intelligent manner.
CIC is a joint venture of ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX), optimistic digital bank Singapore. As Singapore's first physical commodity B2B e-trading platform powered by blockchain technology, CIC is looking to develop business connectivity across digital marketplaces and establish a vibrant trading ecosystem in and beyond Singapore. CIC has achieved a gross merchandise volume of US$ 12.7 billion (S$17.7 billion) since its launch in October 2018, with more than 5,000 registered users covering markets including Singapore, Malaysia, Indonesia, India, and China, among others in Asia.