Malaysian retail group Macro-value is set to acquire Cold Storage Singapore, raising questions about the potential impact on the country's food security. In a discussion with Lance Alexander and Daniel Martin, Professor William Chen, Director of the Future Ready Food Safety Hub at NTU, examines whether foreign ownership of major supermarket chains could affect Singapore’s long-term food sustainability goals.

With food security being a key national priority, the takeover sparks concerns about supply chain stability, sourcing practices, and the ability to maintain resilient food networks. Professor Chen explores the possible challenges and implications of such acquisitions, particularly in terms of local food production, import strategies, and price stability. As Singapore continues its efforts to enhance food sustainability and self-sufficiency, the discussion sheds light on whether foreign ownership of essential retail infrastructure could influence government initiatives and the broader food ecosystem. The conversation highlights the importance of strategic planning to ensure that national food security remains uncompromised despite shifts in supermarket ownership.