Weekly Business Brief | 2019 Week 3

Wrapping up the week's business news and announcements.

SBO Weekly Business Brief 2019 Week 3
Published:   |   Updated:   |   Posted in

The AkzoNobel startup challenge, Paint the Future, begins

AkzoNobel is inviting startups, scale-ups, entrepreneurs and innovators in the paint industry to propose new and revolutionary solutions.

Organised in conjunction with KPMG, Paint the Future challenge offers winners the chance to bring their solution to the market sooner.

There are five challenge categories available:

Smart application

How could your solution change or improve the way customers apply our products?

Enhanced functionality

What exciting new functionality can your technology offer to make coatings cleaner, more responsive or adaptive?

Circular solutions

How would your solution enable circular use of materials at any point in our value chain?

Life science infusion

How can your solution, containing bio-active technology, help bring better performance or innovative features to our coatings?

Predictable performance

How can we collect and augment data more innovatively to make predictions for real-world surface performance more accurate?

Register at letspaintthefuture.com. Registration closes on 1 March 2019.

Stripe: Singapore businesses are “global natives”, but pessimistic about scaling offshore

39 per cent of Singaporean businesses selling internationally spend between SGD 68,800 to 137,800 per year on compliance and complex regulatory issues, while a further 34 per cent spend between SGD 137,800 to 691,550.

Stripe, a payments infrastructure company, surveyed over 9,000 founders and senior executives across 15 markets and 10 industries and found that many online businesses have an international presence.

Businesses today are expanding globally faster than ever, often within the first year of inception.

88 per cent of online businesses in Singapore sell internationally, but 61 per cent believe that it is harder to operate in multiple countries now, compared to five years ago. 51 per cent of these businesses identified regulatory barriers as the biggest hurdle to operating internationally today, followed by increasing protectionism (45 per cent) and government tariffs (45 per cent).

The hurdles proved costly, too. 39 per cent of Singaporean businesses selling internationally spend between SGD 68,800 to 137,800 per year on compliance and complex regulatory issues, while a further 34 per cent spend between SGD 137,800 to 691,550. More Singaporean executives (61 per cent) also report spending weeks and months on these issues than their international counterparts.

59 per cent of the businesses surveyed say that the internet and technology services are the silver lining to the challenges of going global. Of the 30 per cent Singapore businesses that find it easier to expand overseas, 75 per cent cite technology as the key reason.

Get more research insights from Stripe.

CenturyLink launches its eighth global security operations centre (SOC) in Singapore

CenturyLink’s launch of an SOC in Singapore aims to better serve its clients in the region.

According to the CenturyLink 2018 Threat Report, China, South Korea and Vietnam are at the top of the list of channels and targets of malicious cyber activity in Asia Pacific.

“With the launch of our SOC in Singapore today, enterprises are better protected through our comprehensive methodology of people, process and technology to tackle an ever-evolving threat landscape and help secure their digital futures,” said Francis Thangasamy, vice president of product management in Asia Pacific for CenturyLink.

Adobe introduces retail solutions to improve CXM

Adobe showcased its new Customer Experience Management solutions at the National Retail Federation Show 2019 in New York earlier this week.

Adobe Sensei, Adobe’s AI and machine learning technology, introduces greater automation to its suite of retail solutions. Now retailers can build online stores with fast, engaging app-like experiences, design ads easily and receive insights based on the data provided to the system.

Read more about the latest development in Adobe’s CXM solutions.

 

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