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ACE In Singapore: Floating Fish Farm For Food Security And Sustainability
The case is set in April 2023, five years since Leow Ban Tat, CEO of Aquaculture Centre of Excellence Pte Ltd (ACE), founded the Singapore-based seafood start-up with the objective to rear healthy fish sustainably and help Singapore improve its food security and self-sufficiency. ACE's fish farm 'Eco-Ark' was an innovative floating closed container system. It was based on Leow's patented technologies - a combination of offshore, marine, and recirculating aquaculture technologies - which helped keep its fish safe from pollutants, pathogens and variations in oxygen and temperature in the sea water, besides minimising the fish farm's carbon footprint. With a hatchery and a processing facility added on board within a year of Eco-Ark starting its operations, ACE offered a fully traceable and integrated value chain from locally sourced eggs to ready-to-use products and one of the shortest fish food production miles in aquaculture. Going forward, Leow planned to undertake egg production as well, to have full control over ACE's supply chain. He also planned to increase ACE's footprint by launching more Eco-Arks in Singapore and internationally, and licensing Eco-Ark's innovative and unique technology to other farms. However, despite healthier and sustainable offerings, the market demand for ACE's products had remained lower than hoped for, largely because of its price premium over cheaper fish imports. Although supported by the Singapore government in its endeavours, the company struggled to cover its expenses and keep afloat. Fully committed to the sustainability vision, Leow believed that his breakthrough design and process would be transformational in the future. However, he wondered how long the company would be able to sustain its operations given the sluggish sales and aggressive competition. What could be done? -
Enhancing the Sustainability DNA of Singapore's Gardens by the Bay through Induction Training
As Singapore's national garden and tourist attraction, Gardens by the Bay (GB) had succeeded in developing the necessary physical infrastructure to showcase innovative sustainability initiatives to visitors. As it embarked on the next phase of its sustainability journey, GB sought to enhance its sustainability DNA. It recognised that every new and existing employee has an important role to play, and now faces the challenge of how to further engage staff and get them on board this journey through effective induction training. This case examines the challenges of integrating Singapore's new Green Plan into GB's sustainability agenda with special reference to its induction training approach. The United Nations Sustainability Development Goals and the environmental, social and governance parameters can serve as a guide for integrating relevant sustainability content into the induction curriculum. Like other for-profit and non-profit organisations combating climate change, GB must determine how best to impart respective competencies to its internal stakeholders. Through the case, students will learn to appreciate sustainability-related challenges and develop induction training solutions that can be applied by GB's human resource team in support of the overall mission and vision of the organisation. The case can be used in both undergraduate- and graduate-level courses on sustainability management, business management, environmental management and human resource management.