Please copy & paste this embed code onto your site: Images must be attributed to Mordor Intelligence. Importance of the Logistics Industry 2. Singapores logistics industry is changing. Need a report that reflects how COVID-19 has impacted this market and its growth? Singapore introduces a new industry standard for eCommerce and Statistics for the 2023 Singapore Freight and Logistics market share, size and revenue growth rate, created by Mordor Intelligence Industry Reports. We will be sending you a monthly or bi-weekly newsletter so that you get the updates about the new reports, case studies or additional insights uploaded on the website. Local logistics firms can take advantage of Singapores developed logistics infrastructure, as well as air and sea connectivity, to partner global third-party logistics companies and capture the trade flows through Singapore. Changi Airport is home to four major express players, DHL Express, FedEx Express, TNT Express, and UPS. : Ken Research, Dubai Industrial City and Maersk Collaborate to Elevate UAEs Cold Chain Logistics Sector: Ken Research, The Powerhouse Behind Vietnam Logistics Market: Freight Forwarding Sector Generates over USD 50 Bn in 2022, Fueled by Growing Road Freight Transport Sector and Favorable Government Regulations. Work closely with industry associations and partners to grow your business in logistics. The numbers speak for themselves. In Singapore, this is one of the major reasons behind the sustained development of the freight and logistics industry and supporting the growth of the 3PL market. Fast forward a few decades, and Singapore has become one of the region's leaders in logistics, and is home to specialised logistics capabilities like healthcare and cold chain, chemical, aerospace, art and wine logistics. Heres what you need to know. The long-term shift in trade and investment from the West to East was cited as one of the reasons for growth, with further growth attributed to Asia's early advantage in low-cost competition and frugal engineering, which is a product design approach that emphasises using the bare minimum of resources to create basic, no-frills products. Statistics about Transportation & Logistics in Singapore United Parcel Service, Deutsche Post DHL Group, Nippon Express Co. Ltd, Kerry Logistics Network Limited and YCH Group Pte Ltd are the major companies operating in the Singapore Freight and Logistics Market. Logistics companies in Singapore are also given opportunities to develop specialised capabilities and solutions for the manufacturing and services industries. 6. Top Logistics Companies in Singapore - MediaOne It is poised to become the most influential meeting place for logistics,. SSG | Logistics - SkillsFuture SG Miss Jolene Goh, Lead of Centre of Performance Excellence at DB Schenker, highlighted its Red Lion warehouse at the Airport Logistics Park of Singapore, which was designed from the ground up with accelerated processing and storage capabilities in mind. Industry Sector Solutions: Contacts : Address: 1 Philip Street, #03-01, Royal One Philip, Singapore 048693. Logistics companies have an increasing need to deliver services that are consistent, traceable and sustainable. The logistics industrys multifaceted demands also mean that talent should be T-shaped specialists. This means having a deep specialisation in an area (e.g. In the education industry, we will be providing around 8-12 research reports, 24+ case studies and 25+ interviews. Do I need to subscribe? Our sales representative will reach you shortly with the details. Click here. Craft Driven Market Research is a research-oriented firm that provides you insights about market trends which are focused towards small companies and start-ups. 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Singapore Freight and Logistics Market Get a free sample of this report, Get this Data in a Free Sample of the Singapore Freight and Logistics Market Report. Increasingly, the basic system of simple racks is giving way to more sophisticated ones like the goods-to-man picking systems, where robots fulfil the picking operations. In 2019, it was a $6.8 billion industry which formed 1.4% of Singapores entire GDP. Ken Research, Australia Lubricant Market on Fast Track with Impressive ~5.9% Projected CAGR by 2027: Ken Research, Timekeeping Titans: The Battle of Fossil vs Citizen in the World of Watches: Ken Research, Future Outlook to Nigeria Mattress Market 2028: Ken Research, South Africa Logistics Industry Outlook to 2026 Driven by Foreign Infrastructural Investments and Government Support but held back by Covid and unstable political conditions in South Africa, New Zealand Logistics Market Outlook to 2026 Driven by Massive Logistics Infrastructure Investment, Flourishing ECommerce Industry, and Increasing Competition among domestic players, Philippines Logistics Industry Outlook to 2027F Driven by Infrastructural Developments, Technological Advancement and Government Support, Malaysia Logistics Market Outlook to 2027F Driven by the Rising Demand from Manufacturing, F&B, Retail, and other industries along with increasing Government Initiatives to Strengthen the Logistics Infrastructure, Saudi Arabia Warehouse Automation Market Outlook to 2026 Bolstering Ecommerce Industry & Ambitious Government Plans for Digitalization to Pave Strong Grounds for Automation. How much content will I get in one year? transport logistic Southeast Asia is the latest edition of the world's largest trade show for transportation and logistics industry. The document also consists of the market concentration of these players with significant merger and acquisition activities. Singapores Logistics Services (3PL & 4PL) market size was plunged 86% YoY to $18.96 Million in 2018 from $135.5 Million in 2017 and the revenue edged up from $1.51 Billion to $1.56 Billion with 2.9% YoY. 2. It is an open and neutral industry platform underpinned by Blockchain technology to promote more efficient and secure global trade, which is bringing together various parties to support information sharing and transparency, and spur industry-wide innovation. Changi Airport is home to four major express players, DHL Express, FedEx Express, TNT Express, and UPS. Singapores trade GDP ratio is the highest in the world, with the total trade reaching more than the GDP and one of the worlds most open economies. You can judge from there whether the content will be useful for you or not. Supply chain visibility is becoming a priority given the uncertainty in todays environment. Blockchain Technology and its future potential, Getting Deeper Into The Blockchain Technology (Lesson 2), Blockchain Technology For Beginners (Lesson 1), European Chemical Industry: Continuously Improving And Evolving Innovations, Singapore- based SingX Providing Cheaper and Faster Online Remittance Services, Singapore Reaches Beyond Its Borders for Talent in Robotics Industry, RedMart: A Pioneering E-commerce Startup of Singapore, Singapore Construction Industry: A Huge Opportunity. Singapore Logistics Association (SLA) - APAC Outlook Magazine Here are some takeaways. Singapore Logistics Association | LinkedIn Launched the industry branding movement "We Can. It tracks shipments in real time with greater precision via 120+ dynamic events published directly from the source without the back and forth. Singapore Logistics Association technology management) backed by a wide knowledge base of warehouse operations to develop timely solutions for their customers. What is Craft Driven Market Research? Singapores logistics market has witnessed remarkable growth in recent years, driven by increased export and import activities and the expanding E-commerce industry. A data infrastructure foundation will be built up for sharing secure data across supply chains. At the Changing Landscape of the Logistics Industry webinar co-organised by the Lifelong Learning Institute and JTCs Industry Connect initiative and held in conjunction with SkillsFuture Month 2021, representatives from JTC, DB Schenker, iHub Solutions and Republic Polytechnic shared their insights on Singapores evolving logistics industry. Those companies who have conceded the utilisation of new technologies within the sector from data analytics to automation and platform solutions will lead the industry. It also helps help logistics companies develop expertise through training courses. Understand the logistical needs of international partners and provide customised fulfilment solutions. However, as the world slowly starts to get back to normality again, progress has been seen across the logistics industry - many businesses have been able to respond rapidly and set up crisis-management mechanisms, in the form of a nerve centre. For example. For example, the EDB is working with logistics companies to train supply chain managers on building new practical knowledge on the operating landscape in Asia and harnessing opportunities for supply chain optimisation. To meet the customers last-mile demand most of the logistics and transportation companies have become 3PL providers to fulfil it on time as there is no other solution. Singapore Logistics Association Here is what you need to know about the changing logistics industry | JTC News & stories / Story Singapore's logistics industry is changing. During the COVID-19 pandemic, the Maritime and Port Authority of Singapore (MPA) ensured minimum disruption to the shipping industry, as it is critical to supporting Singapore in overcoming the pandemic. a. 8. There are systems in place to support learning and development in this industry and they cater to people who are in different stages of their careers. Explore our white paper for insights into these challenges, solutions, and the future of Singapores logistics market. Singapore identified key underlying infrastructures that it believes will pave the way for the country to become a global and regional e-commerce hub. Instead, there has been a transition to data-driven operations that use technologies like the IoT to monitor and manage the flow of goods. The facility also deploys technologies such as multi-shuttle storage and pick-to-light systems. Logistics - Ministry of Trade and Industry There will be few case studies that will be free to read and research reports as well which are free of cost. The report offers market size and forecast for the Singapore freight and logistics market in value (USD billion) for the above-mentioned segments. Here are some takeaways. Navigating the Skies: Empowering Singapore's Aviation Logistics Heroes Hyperlinks 2, 10 Credits Here's what you need to know. Bungalows, cars seized in Singapore's billion-dollar swoop on money Will Singapore continue this growth trajectory in future? They include electronics, F&B, chemicals, fashion and accessories, industrial machinery, computer peripherals, household products and business services. expertise, problem solving ability and inclination. Work with pre-approved consultants to redesign job processes and enhance workforce performance. (Photo: DB Schenker). Amid global uncertainties, supply chains around the world are facing disruption and are under tremendous pressure. From the adoption of new technologies to the shift in business processes and operations, change is happening at an unprecedented rate. The logistics industry is a key vertical supporting a wide range of manufacturing and services sectors such as the aerospace, electronics, healthcare, biopharmaceuticals, construction, and retail industries. Your email address will not be published. Payment Failed. Miss Jolene Goh, Lead of Centre of Performance Excellence at DB Schenker, highlighted its Red Lion warehouse at the Airport Logistics Park of Singapore, which was designed from the ground up with accelerated processing and storage capabilities in mind. PDF Digitalisation Initiatives in Suport of The Logistics Industry The Singapore Airshow is the biggest aerospace and defence expo in Asia, providing a . Please note that you are leaving the JTC Corporate Website. How Digital Technologies Are Disrupting the Logistics Industry in Singapore Singapore is also significantly affected by the changes in the global manufacturing sector. Ranked by the World Bank as Asia's top logistics hub for 10 years in a row, Singapore offers world-class connectivity to the region and beyond. It is a public-private initiative that connects ecosystem partners in the local and global supply chains via a common data infrastructure, with the intent to reduce reliance on manual, paper-based processes that undermine efficiency, transparency and sustainability. Thank you for your Purchase. At SDR Logistics, we are a reliable and trusted logistics solution provider. Transportation & Logistics - PwC DB Schenker is an example of a company that has made these broad-based changes to its operations in Singapore. These initiatives, alongside new infrastructure solutions and digital technologies, will help to nurture an adaptable talent pool and ensure the evolving needs of the logistics industry are met. What Lies Ahead? TradeXchange, an initiative led by Singapore Customs, the EDB and the Infocomm Development Authority of Singapore (IDA) facilitates the exchange of information within the trade and logistics facility. Due to having the advantage of its geographic location Singapore is expected to witness strong growth in the 3PL market. Here's what you need to know. 1 Infographic / Pic Increasingly, customers want more granular data on their supply chains, such as the source of individual components and the location of vessels carrying these components. (Photo: DB Schenker). We can assure you that the transportation of your cargo will be in safe hands throughout our speedy and efficient process. Nanakramguda Rd, Financial District, Gachibowli. Learn more. Mordor Intelligence's images may only be used with attribution back to Mordor Intelligence. 5. The Logistics Industry in Singapore - The Past, Present, and Future Today, Singapore is a prime location for major logistics firms, with the top 25 global players conducting operations here i. A culture of productivity and continuous learning and upgrading in Singapore. Maximum Words 2000 We found that the proposed framework of 103 business-, logistics- and management-related competencies are essential for logistics managers to be successful, although management . A survey was conducted in Singapore with logistics managers from 350 firms. Airport Logistics Park of Singapore (ALPS) has the leading global third-party logistics companies (3PLs), like Expeditors, DB Schenker, and Nippon Express, with sizeable facilities. Tap the Singapore Trade Data Exchange platform to improve operational efficiency and enhance supply chain visibility. International 3PL and 4PL are attracting towards Singapore due to its infrastructure development. The increasing presence of a large number of players in Singapore has allowed the rapid expansion of infrastructure and development in the country. 2022 Ken Research. Current transferring services of Singapore, such as TradeXchange and TradeNet are progressively converting to the National Trade Platform (NTP). This growth has been further propelled by technological advancements and government initiatives that have significantly improved operational processes. What are the other noteworthy developments? All Rights Reserved to Mordor Intelligence. This S$42 million Logistics and Transportation Productivity Roadmap will boost the long term productivity of the logistics and transportation industries and in turn, enhance productivity in the manufacturing and services sectors as well. Logistics & Transportation Events in Singapore - 10times In the heart of Singapore's bustling aviation industry, a remarkable tale of innovation, dedication and transformation unfolds. One local honey company is growing its business through R&D and automation, 6 industry leaders driving the growth of 3D printing in Jurong Innovation District, 4 things to know about supply chain management post-COVID-19, From cranes to collaborations, heres what went into the construction of JTC Logistics Hub @ Gul, Moving forward: At JTC Logistics Hub @ Gul, Teckwah is digitalising its operations and optimising space utilisation, By checking this box, you agree to receiving marketing emails from JTC with the accompanied, Guide to Industrial Government Land Sales, Mandatory solar deployment for land/land-based facilities, View your account summary and tax invoices, Terminating your tenancy and tenancy expiry, Returning your premises upon lease expiry, Changing the use of your industrial property, Non-exclusive and limited religious use in industrial premises, Information for third-party facility providers, Development and renovation forms and documents, Introduction to Secure Electronic Signature, Set up and assign digital service access in Corppass, How to access the Customer Service Portal, Sustainability is at the core of our work, Get our newsletter delivered to your inbox, contributed $6.8 billion or 1.4% of Singapore's Gross Domestic Product in 2019, Industry Connect-Technology and Digitalisation. JTC Logistics Hub @ Gul is the first-of-its-kind facility in Singapore. In 2022, the refreshed Logistics ITM 2025 was launched to position Singapore as a world-class logistics hub in Asia, where companies build innovative capabilities to keep the world's goods moving. In one of its biggest money-laundering cases, police said 400 officers fanned out across Singapore on . Singapore's logistics market has witnessed remarkable growth in recent years, driven by increased export and import activities and the expanding E-commerce industry. Some of the Intelligence Curated by Ken Research in Automotive Aftermarket Market Space: To Know more about this Whitepaper, Visit this link:-, Tags: Challenges for Singapore Logistics Market, Competitors In Singapore Logistics Market, Demand of Singapore Logistics Market, Emerging Players in Singapore Logistics Market, Financing for Singapore Logistics Market, Leading Companies of Logistics Market in Singapore, Leading Players in Singapore Logistics Market, logistics industry Singapore, Logistics Market In Singapore, Logistics Service Industry In Singapore, Major Player In Singapore Logistics Market, Singapore Logistics Industry, Singapore Logistics Market, Singapore Logistics Market Analysis, Singapore Logistics Market Competition, Singapore Logistics Sector, Singapore Logistics Suppliers, Top Logistics companies in Singapore, Transportation and Logistics Services Industry Singapore, Transportation and Logistics Services Market Singapore, Transportation Market In Singapore, Transportation Market Service Market Singapore, Transportation Market Singapore, Our Team Will Assist You in What You Are Looking For. The country's logistics industry is supported by a thriving ecosystem of leading global logistics and supply chain managers such as DHL and Agility as well as homegrown companies such as YCH Group, Bok Seng Logistics and CK Shipping. The government has also attracted investors to Singapore by ensuring a conducive investment climate and developing the right incentives for private sector participation. Learn skills in solutions design, data analytics, supply chain planning, project management, and more. 105, Al Jaz1b, Street no 2 the Greens Dubai United Arab Emirates. The Singapore government has already started transforming logistics as part of its USD 4.5 billion Industry Transformation Programme.
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