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Industry Background
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Leveraging its strategic location between the East and West, as well as its world-class logistics and supply chain capabilities, Singapore is well positioned to design and deliver sustainable solutions for companies’ global operations. World’s Top Logistics Hub A 2007 World Bank report ranked Singapore as the top logistics hub in the world, ahead of Netherlands, Germany and Asian heavyweights such as Japan, Hong Kong and China.Singapore offers world-class infrastructure and excellent connectivity, a base of leading industry players and customers, as well as thought leadership/knowledge in logistics/supply chain management. These propositions provide a strong foundation for Singapore as a vibrant, multimodal hub that develops and delivers sustainable supply chain solutions for the global economy. Leading Industry Players Singapore provides access to the world’s best solutions, with 21 of the top 25 third party logistics companies (3PLs) based in Singapore. Most of them have established regional headquarters function in Singapore.Leveraging Singapore's world-class infrastructure and excellent global connectivity, Singapore has become the preferred logistics and supply chain management hub for leading players across industries. They include Hewlett Packard, LVMH, Numonyx, Roche Diagnostics and Schering-Plough. World-Class Infrastructure, Global Connectivity Singapore has established world-class specialised infrastructure, which include the Airport Logistics Park of Singapore (ALPS) in the airport’s free-trade zone, the Changi International LogisPark that facilitates regional distribution, and the Banyan LogisPark on Jurong Island that caters to the specific needs of chemicals and oil companies. In addition, 3PLs have also invested in facilities and capabilities to meet industries’ needs for specialised handling of products such as temperature-sensitive, time-sensitive clinical and diagnostics materials; chemical and petroleum products. Besides infrastructure and specialised facilities, Singapore also offers excellent global connectivity with its extensive network of logistics linkages. The sea-port is linked to 600 other ports in 123 countries via over 200 shipping lines. More than 27 million TEUs of containers were moved out of Singapore in 2007. For air-cargo, Singapore’s Changi Airport is ranked amongst Asia’s top five. The airport is served by 78 airlines with over 4,000 flights connecting to more than 180 cities in 59 countries. Singapore is also proximate to world’s major markets, being situated within a seven-hour flight radius to half of the world’s population in Asia Pacific. Thought Leader in Asia In response to the increased complexity of global supply chains, global 3PLs and supply chain management companies here are developing innovative logistics and supply chain solutions for their Singapore-based and regional manufacturing and trading customers.In addition, Asia’s leading logistics think-tank, The Logistics Institute - Asia Pacific, is also based in Singapore. TLI-Asia Pacific has established close links and partnerships with the industry and government to arrive at practical and impactful solutions. A collaboration between the Georgia Institute of Technology and the National University of Singapore, TLI-Asia Pacific has a good grasp of the evolving industry in both the West and the East. This has enabled the institute to train more than 100 world-class professionals to deal with today’s complex supply chains. More Info
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| Last updated:06 July 2010 | ||
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