SINGAPORE – The pandemic threw most firms off guard, however some, akin to Reachfield Safety and Security Administration, had been properly ready to take care of the widespread disruptions – a stage of foresight that was honoured on Friday (Dec 17).
That foresight led the safety guards company to right away put in place pandemic response protocols that it crafted and examined in the course of the 2003 Sars outbreak.
It used video analytics to spice up productiveness amid manpower disruptions, educated and redeployed employees and continued to pay those that couldn’t be redeployed.
“The pandemic has validated our perception that staff are the bedrock of our enterprise. They’re the true heroes that assist the corporate tide by way of the disaster,” mentioned managing director Alvin Lee.
The corporate took the highest prize on the twenty seventh Enterprise 50 (E50) awards, which had been held in a hybrid format, with 140 visitors at The Ritz-Carlton, Millenia Singapore on Friday. The occasion was additionally streamed stay, with different visitors additionally tuning in on-line.
The awards recognise prime privately held firms which have contributed to the nation’s financial growth. This 12 months’s winners had been lauded for his or her enterprise excellence and proactively reworking their operational fashions to thrive amid the pandemic.
Second place went to welding options supplier AllAlloy, which has diversified into sustainable merchandise for private and environmental security and wind vitality fabricators.
Development firm Utracon Abroad got here in third. It additionally bagged a particular point out within the space of sustainability for constructing strategies that assist scale back waste and allow environmentally sustainable initiatives.
Particular awards had been additionally conferred. The Internationalisation Award went to metal options supplier Mlion Corp for successful quite a few initiatives throughout Asia, whereas Oilfield Providers and Provides received each the Enterprise Transformation and 5-Yr Awards, which recognises firms which were E50 awardees 5 occasions.
Chocolate producer Aalst Chocolate and constructing and design companies firm QXY Sources additionally clinched a 5-Yr Award.
The ceremony featured a panel dialogue that included Manpower Minister and Second Minister for Commerce and Business Tan See Leng, who mentioned the pandemic has compelled companies to re-examine their working fashions and be extra sustainable.
“The inexperienced economic system will current considerably new alternatives for Singapore, significantly in carbon companies,” he added.
“We’re additionally eager for firms to develop renewable vitality sources in nations with an abundance of renewable vitality or decarbonisation potential.”
Mr Wong Wei Kong, editor of The Enterprise Instances, which co-organised the awards with skilled companies agency KPMG in Singapore, mentioned this 12 months’s winners needed to navigate the pandemic, had been compelled to adapt rapidly and react forcefully, and discover new paths of development.
“We hope their management, creativity and dedication will encourage different firms to rise to the challenges of immediately’s complicated setting,” mentioned Mr Wong.
Mr Jonathan Ho, accomplice and head of personal enterprise at KPMG in Singapore, mentioned enterprises are putting extra significance on environmental, social, and governance (ESG).
“They think about what ESG means to them by way of sustainable company development and aggressive benefit; and are quickly constructing and scaling methods to unravel enterprise challenges whereas conserving the corporate agile,” he added.
