Possible tie-up with Uber leads to increase in shares for ComfortDelGro: Consulus Comments on Marketing Interactive

Aug 24, 2017 | News & Updates

Yesterday, news broke that ComfortDelGro Corporation had signed an “exclusivity letter” with Uber. The talks were regarding the formation of a “potential strategic alliance” for the management of fleet vehicles, and booking software solutions in Singapore.

According to an article on Channel NewsAsia, this led to the stocks of the taxi operator increasing a good 8.76% to conclude SG$2.36. The alliance would see ComfortDelGro’s fleet of more than 15,000 vehicles be made available on Uber’s app.  According to the announcement on Singapore Exchange, ComfortDelGro believes the potential strategic alliance will “strengthen” its position as a “major mobility service provider” in Singapore.

While many were surprised by the move, Lawrence Chong, chief executive officer of Consulus said the move was expected, given ComfortDelGro is one of the last taxi operators to have tied up with a major ride-booking app.

However, he was quick to add that the company needs to holistically rethink its entire business model, as it is the largest operator for taxis in Singapore. It needs to revaluate not only how it shifts with consumer habits but also rethink its relationship with internal staff, operators and drivers.

“The company has to reassess its role in the rapid transformation that is impacting how Singaporeans move, and use a total value chain approach to redesign its value,” he said.

Read the full article here.

 

Consulus Việt Nam công bố Sách trắng về mức độ sẵn sàng của Việt Nam cho Công nghiệp 4.0 và thời kỳ hậu đại dịch, đề xuất lộ trình hướng tới nền kinh tế công nghệ cao

Consulus Việt Nam công bố Sách trắng về mức độ sẵn sàng của Việt Nam cho Công nghiệp 4.0 và thời kỳ hậu đại dịch, đề xuất lộ trình hướng tới nền kinh tế công nghệ cao

Hôm nay, Sách trắng Việt Nam Thông minh 4.0 được Consulus Việt Nam, Đại học RMIT Việt Nam và Hiệp hội Nữ doanh nhân Hà Nội ra mắt bằng tiếng Anh và tiếng Việt trước sự chứng kiến của các cơ quan chính phủ, hiệp hội doanh nghiệp và các tổ chức phát triển quốc tế có mặt tại Trung tâm Hợp tác Việt Nam-Singapore. 

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