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5 handy tips to create a diverse and inclusive workplace culture

pride month workplace inclusivity

June is internationally recognised as Global Pride Month. But beyond rainbow-coloured designs and virtual festivals to celebrate the LGBTQ movement, it is also a reminder to embrace diversity in the workplace.

There are several benefits to cultivating an inclusive, healthy workplace culture such as different perspectives to generate new ideas. Keep reading to find out how your team can discover and nurture new talent for more diverse and inclusive workplace culture.

Implement fair hiring and evaluation processes

Discovering new talent starts with recruitment and giving candidates a fair chance regardless of their gender, race, ethnicity, and religion. One way to achieve fairness at the interview stage is to ensure that the key hiring team is diverse. Alternatively, consider using an AI recruitment tool to remove human biases at this stage.

Also, it may be time to evaluate the onboarding training that new employees receive to ensure that they are well integrated into the organisation with clearly defined role expectations and fair practices.

Such recruitment protocols ensure that employees are introduced into the organisation’s mandate on fair inclusion from day one.

Empathetic leadership that prioritises trust

Studies have found that empathetic leadership has a direct impact on employee productivity, loyalty, and engagement. Empathetic leaders tend to intuitively pick up on their employees’ emotions, understand their perspectives, and take appropriate actions to make their team members feel accepted and validated.

Unlike traditional leadership styles which adopt a command-and-control protocol that alienates employees and stifles creativity, a leader with an empathetic nature can connect with employees.

Managers who trust their team can foster safe spaces for employees to perform their responsibilities. In turn, employees will feel more secure and motivated in their role.

Also Read: Building the rainbow bridge: How businesses can foster Diversity & Inclusion in the workplace

Essentially, as people are becoming more educated and mindful of their self-worth, they want to be valued for more than just a paycheck. Especially during a crisis, employees not only look towards their leaders for directions but also for assurance and confidence, which only an empathetic leader can provide.

Support and celebrate employees differences

In Singapore, most organisations exercise respect and tolerance for cultural and religious differences. Here are a few tips to make your employees feel more valued regardless of their background.

Offer floating holidays for employees from different religions or minority backgrounds that are not on the official public holiday calendar. While businesses already observe national public holidays, allowing employees the flexibility to take a day off on days that are important for their cultural background can certainly help them feel more appreciated.

Plan virtual group lunches to allow employees from different backgrounds to share their cultural practices. Such events can help to bridge differences and encourage more personal interaction between employees.

Highlight special dates from all cultures represented in the workplace through company newsletters or food items related to the festival.

Nurture talent to go beyond what is asked of them

Embracing diversity often means that employees have to go beyond the standard protocol to embrace the deeper meaning of their roles.

Much like what Starbucks did in 2018 when the coffee chain in North America closed 8,000 stores for racial bias training that cost the company an estimated S$26 million (US$19 million), the intention goes beyond establishing standard work processes to address unconscious bias issues.

Investing in training and nurturing allows employees to open up to more diverse views and ways of managing their work, hence cultivating a cohesive workplace that is characterised by harmony, productivity, and efficiency.

Of course, not every organisation has the budget to spend millions on training and development. Organising monthly workshops or wellness programmes that address gender identity, mental health, and common stereotypes can be just as effective.

Mindful communication and inclusion

Mindful communication is the key to bridging any gaps in inclusion. Consider getting a third-party perspective or employee feedback on how you can improve communication during team meetings. If someone brings a unique idea to the table, offering recognition can motivate others to participate more openly in the future.

Remember that exclusionary practices can often lead to lower productivity and can also affect problem-solving capabilities. As such, taking a deliberate effort to be an inclusive communicator, rather than playing favourites, is a necessary step to help the workplace thrive.

Creating a diverse and inclusive workplace culture that makes your team members feel valued and understood is essential to improve workplace culture. While you may need to invest some effort and finances into developing a system that works, the result will be well worth the time.

Editor’s note: e27 aims to foster thought leadership by publishing contributions from the community. This season we are seeking op-eds, analysis and articles on food tech and sustainability. Share your opinion and earn a byline by submitting a post.

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The first-mile container logistics is ripe for digital disruption. Here’s how Haulio is doing it

supply chain haulio

We are in the best of times, and yet also, the worst of times. In the age of rapid digital innovation, we are reliving the narrative in Charles Dickens’ Tale of Two Cities. Some businesses thrive at unimaginable speed while some get eliminated completely. Many are caught in the in-between, struggling to stay afloat to keep up with the change of digital disruption.

Across industries, the wave of digital disruption has brought new technologies, new entrants, new customer experiences and new business models. In order to beat the disruption, one has to be the disruptor.

We see this narrative unfolding in the logistics sector. Technological revolution has accelerated change in an industry that is traditionally backward and least digitally exposed. It has enlarged the divide between the new and the old.

The reality is that the supply chain is not naturally a digital business, as concluded in the report by Janeiro Digital, The Modernisation Gap: Digital Innovation and Transformation in Supply Chain and Logistics.

Many, prior to the pandemic, have regarded digital tools as unnecessary expenses. In the container trucking industry, it is a typical sight to see drivers writing down the jobs that they had completed each day on a piece of paper. It is just how things have always been.

This has contributed to the common inefficiencies observed in the sector today that are leading to the wider problems of inefficient container routings, bottlenecks at ports, affecting cargo quality and resulting in security risk.

In these troubled times, the magnitude of a supply chain disruption is keenly felt. This was especially highlighted during the Suez Canal blockage causing congestion at ports and container shortages.

Also Read: Locad founder on building SEA’s first cloud logistics network in the midst of COVID-19

The ramifications were global, where everyone including retailers and producers was affected. Sadly, consumers have already begun to feel the pinch, as costs get passed down to them.

The benchmark food price index published by the United Nations’ Food and Agriculture Organisation (FAO) registered a sharp increase in May, averaging 127.1 points – the highest level in 10 years.

This is the result of a confluence of factors, including higher marine shipping costs and supply chain disruptions. Freight rates are expected to reach new highs this year given port congestion and equipment unavailability.

With the changing preferences of consumers driving a surge in demand, there is great potential for the shipping industry. According to Research and Markets, the global logistics market is estimated to grow to US$12.68 Billion by 2023 with a Compound Annual Growth Rate (CAGR) of 3.49 per cent between 2017 and 2023, with Asia as the top player in the global maritime trade arena. One key highlight is the boom in the logistics market in SEA region, with trade volumes expected to increase by 130 per cent in 2023 to US$5,653 billion.

With the increasing international trade and investment, the rapid growth of e-commerce and the improvement in infrastructure, the Southeast Asia region is an untapped gold mine within the logistics ecosystem.

Southeast Asia’s internet economy hits US$100 billion for the first time in 2019, and it is expected to grow to US$300 billion by 2025.

The 2020 Southeast Asia e-Conomy report by Google, Temasek and Bain & Co revealed that COVID-19 had led to an acceleration of digital consumption, with SEA economy exceeding USD$100 billion in gross merchandise volume (GMV) and e-commerce accounting more than 50 per cent.

Haulio has long seen the beauty of the interconnectedness in the supply-chain business. As Singapore’s fastest-growing cloud-based digital container haulage network, Haulio built on a multi-tenancy system to allow multiple customers or ‘tenants’ to share the same resources while being able to configure the application to fit their needs.

This new model of ‘sharing’ using digital capabilities allows their business to optimise the vast logistics network.

Using technology to optimise the usage of haulage trucks and drivers, Haulio problem-solves inefficiencies through their platform while also partnering with major logistics players and fintechs.

Strategic partnerships allow them to connect the most offline node to the rest of the supply chain, uplifting the lives of millions of haulers and drivers.

Also read: Challenging existing fundamentals in logistics and supply chain

Haulio’s collaboration with ESCO in Thailand, which operates one of the six inland container depots (ICD) at Lat Krabang (LKB) port, is a prime example of the transformation that digitalisation of the trucking ecosystem has brought.

In Thailand, freight transport via road is an integral part of the logistics network. To improve operational efficiency at ESCO’s terminal, Haulio’s landmark digital tool has helped assist the terminals to execute movement of more than 10,000 TEUs since Q2 2020.

Through Haulio, ESCO’s trucking partners can be tracked based on factors such as the speed of response to jobs, number of partner’s drivers online, new revenue stream jobs, hence allowing ESCO to measure terminal operational efficiency gains. To date, ESCO has seen an efficiency improvement of around 20 per cent with the administrative savings from improved operational efficiency.

Haulio’s success in Singapore, as well as this successful pilot with ESCO, further proves the value of Haulio’s solutions in bridging the gap between customers and their trucking partners, by bringing operational visibility to all parties.

While container haulage has always been the vertical that is left behind within the supply chain, Haulio’s solutions will be able to fulfil the potential for transformation within the first-mile container logistics space.

Haulio has plans to expand its footprint regionally, to complete the digitalisation of haulage in Southeast Asia by 2025, solving existing problems within the US$147 billion ‘First Mile Logistics Market’ in Southeast Asia.

Tech-driven operating models are able to tap on the underserved and uncontested opportunities in the various value levers. Tech-enabled logistics start-ups are using technologies such as data analytics and artificial intelligence to improve the efficiency of business operations and to serve niche markets.

Haulio believes in delivering value through technology. It is about building a culture of empowerment, starting from the digital connecting node of the Container Haulage vertical.

As the phrase goes, “Every Supply Chain is only as strong its weakest link”. The journey towards digital transformation would only be possible through the joint efforts of industry players.

Editor’s note: e27 aims to foster thought leadership by publishing contributions from the community. This season we are seeking op-eds, analysis and articles on food tech and sustainability. Share your opinion and earn a byline by submitting a post.

Join our e27 Telegram group, FB community or like the e27 Facebook page

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Society Pass acquires Vietnam’s luxury e-commerce brand Leflair that was closed last year

Vietnam-based loyalty platform Society Pass has acquired Leflair, a luxury e-commerce brand that filed for bankruptcy last year.

This news was first reported by TechInAsia.

Society Pass said the acquisition will “allow it to continue serving the ever-rising demand for online branded shopping in Vietnam”.

As per the deal, Society Pass will be relaunching the Leflair platform in the third quarter of this year, making some adjustments to ensure the benefits of suppliers and customers.

Founded in 2018, Society Pass is a platform that connects customers with merchants in South and Southeast Asia. Incorporated in the US, its app “SoPa” offers consumers shopping deals, services, and products from merchants through its Society Points that can be redeemed with any merchant on its platform.

Also Read: Afternoon News Roundup: Cash-strapped e-commerce firm Leflair files for bankruptcy in Vietnam

For businesses, it provides features like dedicated POS (point of sale) solutions, payment infrastructure, loyalty management, customer profile analytics, and SME financing packages to ensure that they can run their services smoothly.

On the other hand, Leflair was established three years before Society Pass and acted as an e-commerce platform for branded goods and flash sales. It did not operate as an online marketplace but worked directly with brands and official distributors in and outside Vietnam.

Leflair had to cease operations in 2020 after reporting debt of US$2 million. The added pressure of the pandemic on the luxury fashion market could have added its woes.

Things were not always as melacholic for the company as it had reported tens of millions of dollars of earnings in 2019. Additionally, it had raised nearly US$12 million in funding amount from investors like GShop, Belt Road Capital, and more.

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Ecosystem Roundup: How tech is rewriting our food menus

Alt.Flex.Eat: Flexitarianism is the flavour of the SEAson; Why is Southeast Asia witnessing great growth? What is attracting global alt food startups and investors into this region?; A deep-dive into the region’s thriving sustainable food industry.

Indonesia e-commerce unicorn Bukalapak plans to go public in July; Bukalapak said it intends to offer “up to 25% of enlarged capital” but did not reveal details; Reuters had previously reported that the company was aiming to raise around US$800M, with a valuation of between US$4B and US$5B, citing sources.

With US$356M in funding so far this year, Indonesia’s wealthtech startups bask in the spotlight; Indonesia has doubled the total number of investors in its capital market since the pandemic began in Jan 2020; However, this is just a beginning; With 5.4M registered investors, its capital market penetration stands at a mere 2%.

Kredivo scores US$100M more in debt funding from Victory Park Capital Advisors; The capital will be used to fund consumer loans for Kredivo’s borrowers in Indonesia; Last November, Kredivo raised US$100M from the US-based firm.

Goldbell Investments in talks to launch US$60M Asia-focused venture fund by next year; Titled Cube3 Ventures, the fund plans to invest mainly in startups operating in smart mobility, automotive, logistics sectors; It plans to pump in capital in the range of US$500K to US$2M in pre-seed to Series A.

Vertex Growth secures US$15M from Korea Venture Investment’s Foreign VC Investment Fund initiative; It will invest in Korea’s home-grown startups, as well as foreign businesses owned by Korean founders with disruptive and scalable products; According to its latest report, Vertex has identified Japan and Korea as key markets that are set to gain global prominence.

Society Pass acquires Leflair to relaunch it in Q3; Leflair was a fashion e-commerce startup, which was closed down last year due to a capital crunch and operational issues despite raising nearly US$12M; When Leflair filed for bankruptcy last year, it was confronted with suppliers who said that the startup still owned them a large sum in unpaid goods.

Circulate Capital hits US$14M first close of new climate-tech fund; Circulate Capital Disrupt will invest in deep technology solutions to combat plastic waste and advance the circular economy; Earlier, Circulate Capital launched a US$106M Ocean Fund.

Justika nets seed funding from East Ventures (lead), Skystar Capital; The platform connects people who need legal services to lawyers and other supporting services, such as company formation agents and translators; It focuses on three legal areas: family law, laws involving SMEs, and property law.

GrowSari raises Series B to help 30K small convenience stores in PH increase their earnings; Investors include Robinsons Retail Holdings, JG Digital Equity Ventures, Tencent, and Wavemaker Partners; GrowSari aims to empower and transform 1M sari-sari stores by providing them with affordable products, e-business and financial assistance.

Gorilla Mobile’s blockchain-powered offerings are giving rival telcos a run for their money; By converting the unused roaming data into digital tokens, users can reuse them to purchase another data plan in a different city or country; The startup has already raised US$3M in seed capital and targets to close a US$5M Series A shortly.

How Doctor Anywhere stepped up to the COVID-19 challenge; During Circuit Breaker, most residents were uncomfortable with visiting the clinic, even if they were feeling unwell; This was an opportunity to demonstrate how Doctor Anywhere’s services complemented Singapore’s existing healthcare infrastructure.

Global early-stage VC Antler enters Vietnam; The Vietnam operations will be led by Erik Jonsson, former MD of Lazada; Antler plans to kick off the country’s programme later this year and invest in companies through its SEA fund.

Ex-Honestbee, Foodpanda exec’s new cloud kitchen startup banks 3 Square US$1.2M seed funding; Investors are Taiwanese local department store chain Hanshin and foodtech VC firm Foodland Ventures; 3 Square looks to help F&B operators by providing local businesses with cloud kitchen solutions, including digital food hall networks.

Singapore to increase spending on ICT to US$2.8B; The projected spending will go towards transforming the government’s digital services and digital infrastructure; SMEs will also get more opportunities; They will be able to participate in nearly 83% of these procurement contracts.

APAC businesses worry about slow economic growth, increased competition and employee safety, says study; With remote working likely to stay for now, 78% of those surveyed expected their company to increase reliance on it to meet business goals; Over the next 6 months, the top 3 technologies executives see their companies harnessing are AI and ML (52%), cloud computing (49%), and 5G (38%).

5 hottest healthtech startups in Singapore; They are Doctor Anywhere, Holmusk, EndoMaster, Doc Doc, and Docquity; The COVID-19 pandemic increased the adoption of healthtech in Singapore with limited access to doctors amidst lockdowns and movement restrictions; Experts believe that healthtech will become more relevant during the post-pandemic era because of its transformation to healthcare delivery.

Photo by Petr Sevcovic on Unsplash

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In brief: Hg Exchange secures RMO license from MAS; 3 Square raises funding

The 3 Square team

Taiwanese digital foodhall network 3 Square raises seed funding

The story: 3 Square, a digital foodhall network and virtual restaurant group, has raised an oversubscribed seed round of US$1.2 million.

Investors: Taiwanese department store chain Hanshin Department Store, foodtech VC firm Foodland Ventures, family offices and angels.

Plans: The funding will be used to scale the business in Taiwan and prepare for its entry into Southeast and North Asia.

About 3 Square: The startup was founded in 2020 by Victor J. Chow, previously an executive at food delivery platforms honestbee and foodpanda.

The startup provides tech-enabled, turnkey solutions that are both sustainable and profitable by maximising utilisation and revenue per square meter of kitchen spaces to create great tasting food.

3 Square provides an infrastructure and build a network of solutions where it is able to share and pool resources, learn from one another and grow together.

Also Read: PhillipCapital, PrimePartners, Fundnel commence trading private company shares on Hg Exchange

The company also has a virtual restaurant group with six in-house fully branded restaurant concepts available at launch. These menus are developed using big data and trend analysis with culinary design and consumer insights for the best foods that customers crave.

Hg Exchange graduates from fintech regulatory sandbox

The story: Hg Exchange (HGX), a private securities exchange formed by an alliance of leading capital market intermediaries, has graduated from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognised Market Operator (RMO) license awarded by the MAS.

With this RMO license, HGX can now fully operate as Asia’s first member-driven private exchange to support the issuance and trading of both digital and non-digital capital market products.

New appointments: The exchange has also appointed Eric Neo Say Wei as President and promoted Willie Chang from Chief Operating Officer (COO) to Chief Executive Officer (CEO) to drive HGX’s business growth in Asia.

About Hg Exchange: Established by Fundnel, PhillipCapital, PrimePartners and Zilliqa, HGX is a member-driven private exchange. Powered by leading blockchain platform provider Zilliqa, HGX technology allows for digitised securities issuance and secondary trading of digital securities. Digital securities can also be fractionalised, allowing investors to transact securities at more accessible price points.

The goal of HGX is to provide an equitable trading platform by bringing operational transparency, fair competition, and cost-efficiency to the private capital markets.

India’s hygiene products firm raises funding from SG’s Quadria Capital

The story: Nobel Hygiene, an India-based manufacturer of disposable hygiene products, has raised an undisclosed amount in from Singapore-based PE firm Quadria Capital for a significant minority stake.

Also Read: Forward looking and flexible: How Singapore is setting the stage for digital asset innovation

About Nobel Hygiene: It is a manufacturer of disposable hygiene products in India. It manufactures products across adult (Friends), baby (Teddyy) and feminine disposable hygiene products.

Nobel also offers sanitary pad designed for women with heavy flow (RIO-Heavy Flow Pads).

Nobel Hygiene’s range of products are available on both offline and online platforms and are available across 200,000 retail outlets.

Image Credit: 3 SQUARE

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