SINGAPORE (Reuters) -DBS Group chief executive Tan Su Shan said it was more important for businesses to diversify after the U.S. announced tariffs on imports from countries on ‘Liberation Day’ in April, speaking at a Reuters NEXT Newsmaker interview on Tuesday. Tan said the pandemic “taught us that you can’t rely on one energy source, […]
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SINGAPORE (Reuters) -DBS Group chief executive Tan Su Shan said it was more important for businesses to diversify after the U.S. announced tariffs on imports from countries on ‘Liberation Day’ in April, speaking at a Reuters NEXT Newsmaker interview on Tuesday.
Tan said the pandemic “taught us that you can’t rely on one energy source, one tax source, one supply chain, one demand chain, right? You’ve got to diversify, upstream, midstream, downstream, vendors, clients, suppliers, the whole world’s currencies. So I think COVID was a bit of a dry run for businesses to diversify”.
(Reporting by Yantoultra Ngui and Xinghui Kok; Editing by Martin Petty)