Asia's agro-biotech companies face fragmented regulations across countries, each with different import rules and registration processes. Blockchain tracking and regional distribution hubs could streamline seed movement across markets.
So especially in APAC, with all this diversity, diverse situations, environment that we are in, regulatory fragmentation is a major challenge, I would say. So each country in APAC has very different laws, import-export laws. And also in our space, we have this thing called phytosanitary requirements as well, very specific requirements to meet the way we ship seeds from one country to another. So we have to be very mindful. Which also means that the product registration process also making it very difficult to standardize logistics in the region. So one opportunity from what I see is the use of technology. So that's now, it's really quite a trend. Digitalizing our supply chain will actually be very helpful. Either we use blockchain-enabled track and trace solutions or, or some sort of like central database in order to have all this ready data to help us to make data-driven decisions to know how we need to move things from one country to another. And the other bit, very quickly, is that I think quite a number of companies are also looking into setting up regional distribution hubs. So in order to kind of centralize most of our stocks before we actually move it to the vicinity countries. So I would say this would pretty much be one of the major challenges and opportunities we can explore.
