FOX-TECH partners Whatshalal to bring high quality traceability across the halal supply chain in Southeast Asia
SINGAPORE May 20, 2020 – FOX-TECH is committed to provide solution to enhance the perishable goods value chain’s risk management and policy compliance practises through WhatsHalal for the Halal Industry in Southeast Asia.
There is huge potential in the Islamic economy, as the State of Global Islamic Economy Report anticipates the Muslim population to reach 2.2 billion by the year 2030, with Muslim expenditure on F&B projected to reach $2.0 trillion by 2024. Muslims make up the bulk of the population in Indonesia and Malaysia, with Indonesia even having the largest Muslim population in the world.
However, there are currently some unaddressed gaps in the market. With over 300 officially recognised Halal authorities around the world, there is a lack of consistency, transparency and efficency across the supply chain from various halal markets. This often results in long delays and high costs for consumers.
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