This year's recipients were judged on their ability to adapt to the new economy while focusing on creativity and knowledge. Criteria for the award included global aspirations, innovativeness, competitiveness, growth potential and commitment to Singapore. Motorola and Hewlett Packard were among other international recipients. Old methods of doing business will not suffice. There will be a premium on innovation and adaptability.
Award winners represent the models of a new economy in the digital era and global marketplace.
The ITA was awarded to BAX in the foreign company category with awards also given in a local company category. The company, headquartered in Irvine, California, operates more than 500 offices located in 123 countries around the world, and has nearly 10,000 employees. Many of the world's largest companies use BAX Global to manage their supply chain. BAX Global specializes in managing the movement of heavyweight packages and cargo of all shapes and sizes. The company offers specialized services for the aerospace, automotive, trade fairs and exhibits, fashion, hi-tech, and health care industries.