The Singapore freight and logistics market is anticipated to register a growth rate of 8% during 2022-2027. March 2021: Collins Aerospace in Singapore awarded a two-year in-factory logistics support contract to the global logistics and supply chain company CEVA Logistics. Singapore is one of Asia's leading global business and financial centre, and its strategic location has also encouraged businesses in the region and around the world to explore business opportunities. 5. Launched the industry branding movement "We Can. You will have to do substantial research on supply chain & logistic companies in Singapore as there are a lot of options. The document also consists of the market concentration of these players with significant merger and acquisition activities. Unit 05-02 The facility also deploys technologies such as multi-shuttle storage and pick-to-light systems. Singapore introduces a new industry standard for eCommerce and Technologies such as Dynamic Route Optimization, Connected Trade Platforms, Autonomous last-yard delivery, and autonomous last mile delivery are expected to drive Industry growth in future. 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. Today, Singapore is a prime location for major logistics firms, with the top 25 global players conducting operations here i. Maximum Words 2000 The COVID-19 pandemic saw an accelerated growth in eCommerce activities. Architecture Real Estate Construction Design - Insis, The Logistics Industry in Singapore The Past, Present, and Future, Architecture Real Estate Construction Design, Bringing Singapores Building and Construction Expertise to the World , National productivity initiatives at the sectorial, enterprise and worker levels, A comprehensive, first-class national Continuous Education and Training (CET) system; and. Our team has put in a lot of efforts and time in bringing out the actionable insights for you and for a small annual subscription fee, you can receive well-researched content. Singapore is well poised to be the re-export and transhipment (RXT) hub for the region. Third Party Logistics (3PL) Services: Our 3PL services include a host of international services such as secure warehousing, smooth transportation, order fulfilment, quality packing, picking, accurate inventory forecasting, freight forwarding, and cross docking. The numbers speak for themselves. Your email address will not be published. The Centre of Innovation for Supply Chain Management (COI-SCM) was launched in 2011, and serves as the platform and one-stop centre to assist companies in appreciating efficiency gains through process innovation, use of technology and automation, process re-design and re-engineering. 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. How goods are being shelved and retrieved is also changing. (Photo: DB Schenker). A key initiative will be developing 5G infrastructure, the backbone of the countrys digital economy. Singapore's logistics industry is changing. Here's what you - JTC Three factors that have made Singapore a global logistics hub Connect with a global community to network and grow with partners across Asia, North and South America. Several factors that shaped the logistics industrys recent developments, as well as how companies have adapted to these changes, were discussed during the webinar. Singapore has moved toward higher value-added logistics services such as contract logistics that provide customized and end-to-end solutions for companies. 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. Later on, freight forwarders progressed, and went on to include services like warehousing, inventory management, configuration all which are broadly referred to logistics. : Ken Research June 12, 2023 Vijay REQUEST FOR SAMPLE REPORT Buy Now 1. To understand key trends, Download Sample Report. All Rights Reserved to Mordor Intelligence. 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. This scheme is named the Logistics Industry Transformation Map (ITM), and it follows similar plans for Singapore's food and beverage and precision engineering sectors. (Strait Times) The logistics management industry helps support other key industries like agriculture, pharmaceutical and medical, construction, retail and more. Automotive, Transportation and Warehousing, Customer Satisfaction Survey and Net Promoter Score, Employee Engagement Survey and Net Promoter Score, Challenges for Singapore Logistics Market, Competitors In Singapore Logistics Market, Emerging Players in Singapore Logistics Market, Leading Companies of Logistics Market in Singapore, Leading Players in Singapore Logistics Market, Major Player In Singapore Logistics Market, Transportation and Logistics Services Industry Singapore, Transportation and Logistics Services Market Singapore, Transportation Market Service Market Singapore, How will Smart Parking Solutions for Australia help it exceed the revenue of $4 Bn in the coming future? Get a sample of this industry share analysis as a free report PDF download. Singapore Logistics Association But, the Singapore government has provided support by launching supply chain 4.0 initiatives aims to integrate more technology to assist SMEs and Logistics and Supply Chain Industry Transformation Map, 2.1. This enables the logistics industry in Singapore stay relevant to the new demands from their customers through continuous innovation and improving efficiency. 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. Case studies that can help you learn from other businesses, This report provides detailed profiles of global and local players with country-level developments. Market reports for industry segments, You will have a full access to interviews, you can buy individual reports from the home-page/ shop page and you can read our small research blogs related to different industries. 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. 1. The country signed the worlds first digital-only trade agreement through the Digital Economy partnership Agreement (DEPA) with New Zealand and Chile to strengthen this aspect. Lastly, companies should build up their capabilities to handle high-value and critical products in the areas of Perishables, Pharmaceuticals, Electronics and Lifestyle Goods. It also helps help logistics companies develop expertise through training courses. This growth has been further propelled by technological advancements and government initiatives that have significantly improved operational processes. Several initiatives have taken by the Singaporean government to create a suitable environment in every part of the logistics chain. Established in 2010 by 3 good friends, with a combined experience of more than 70 years in the freight and logistics industry. Statistics for the 2022 & 2023 Singapore Freight And Logistics market share, created by Mordor Intelligence Industry Reports. Supply chain visibility is becoming a priority given the uncertainty in todays environment. What Lies Ahead? Singapore 3PL markets key growth drivers are its improving its infrastructure policies and processes involving in 3PL services. The company has also managed to take things further by providing data as a service to its clients for their business analyses as well. Visibility and efficiency have improved as a result: every orders status is updated in real time, and the delivery fleet can react to any change with immediate route adjustments. However, you have a monthly limit to the reports that you can download a maximum of 3 reports (any 3 of the listed). Further, the Regional Comprehensive Economic Partnership (RCEP) trade agreement will drive more companies to consider a Singapore logistics hub, 3. The unprecedented boom in regional cross-border trade and consumption strengthens Singapore's relevance as a secure, highly efficient logistics and supply chain management hub. Have a question (or two) about the changing face of the sector? Get a sample of this industry share analysis as a free report PDF download. Supply chain visibility will enable businesses to collect targeted operational data to improve efficiency, increase customer satisfaction and generate higher returns. Centre of Innovation for Supply Chain Management, Career Conversion Programme for Supply Chain Professionals, Skills and Technology Enablement Programme Digitalisation Programme (STEP), Go Series Capability Building Programmes. 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. Hyperlinks 2. Speech by 2M Tan See Leng at the Transport and Logistics Industry Day 2022 Ken Research. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Find your information in our database containing over 20,000 reports, Air cargo discharged in Singapore in 2022, by selected countries, Air cargo discharged in Singapore from Southeast Asia 2010-2021, Air cargo discharged in Singapore from Europe 2010-2022, Air cargo discharged in Singapore from Hong Kong 2010-2022, Air cargo loaded in Singapore to China 2013-2022, Air cargo discharged in Singapore from China 2010-2022, Air cargo discharged in Singapore 2013-2022, Air cargo discharged in Singapore from Japan 2010-2022, Air connectivity score of Singapore 2020-2021, Total expenses Changi Airport FY 2013-2022, EBITDA margin Changi Airport FY 2012-2022, Expenditure of Singapore Airlines FY 2015-2023, Return on equity of Changi Airport FY 2013-FY 2022, Profit after tax Changi Airport FY 2012-FY 2022, Total assets of Singapore's Changi Airport FY 2012-2022, NPAT margin Changi Airport FY 2013-FY 2020, Jet fuel consumption of Singapore Airlines Group FY 2017-2022, Greenhouse gas emissions from Singapore Airlines Group FY 2017-2022, Total business jet fleet in Singapore 2022 by OEM, Size of business jet fleet in Singapore 2017-2022, Waste generation of Singapore Airlines FY 2018-2022, Energy consumption Singapore Airlines FY 2018-2022, Number of passenger aircraft of SilkAir FY 2020/21, by type, Average age of SilkAir aircraft FY 2015-2020, Number of passenger aircraft of SilkAir FY 2015-2021, Passenger load factor of SilkAir FY 2014-2020, Total revenue Changi Airport FY2012-FY2022, Revenue of Singapore Airlines FY 2015-2023, Total debt of Singapore Airlines FY 2015-2023, Total assets of Singapore Airlines FY 2015-2023, Equity of Singapore Airlines FY 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Median time spent by vessels in the Port of Singapore 2018-2021, Average age of vessels docked in port of Singapore 2018-2021, Average size of vessels in the port of Singapore 2018-2021, Maximum gross tonnage (GT) of vessels in the port of Singapore 2018-2021, Bunker sales breakdown in Singapore 2021, by type, Number of oil tanker arrivals in Singapore 2012-2021, Number of chemical tanker arrivals in Singapore 2012-2021, Liner shipping connectivity index for Singapore 2006-2021, Number of tanker arrivals in Singapore 2012-2021, Maximum TEU of vessels in the port of Singapore 2018-2021, Average cargo carrying capacity (DWT) of vessels in the port of Singapore 2018-2021, Profit of Ocean Network Express 2018-2022, Revenue of Ocean Network Express 2018-2022, EBITDA of Ocean Network Express 2019-2022, Quarterly liftings of Ocean Network Express, by trade route 2019-2022, Annual freight liftings of Ocean Network Express, by trade route 2019-2022, Total vessel arrival tonnage in Singapore 2014-2021, Maximum cargo carrying capacity (DWT) of vessels in the port of Singapore 2018-2021, Number of LNG and LPG tanker arrivals in Singapore 2012-2021, Average TEU of vessels in the port of Singapore 2018-2021, Revenue of Grab Holdings' in Indonesia 2020-2022, Revenue distribution of Grab Holdings 2022, by segment, Breakdown of motorcycles in Singapore 2022, by age, Singapore: Share of people owning a motorcycle 2017-2018, Commercial aircraft movements at Changi Airport in Singapore 2014-2021, Air freight movements at Changi Airport in Singapore 2014-2021, Number of passengers at Changi Airport in Singapore 2014-2021, Change in weekly flights by airlines in Singapore due to COVID-19 2020, Monthly number of passengers at Changi Airport in Singapore 2021-2022. 105, Al Jaz1b, Street no 2 the Greens Dubai United Arab Emirates. 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. 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. Singapore is still lag behind the EU and Japan when it comes to Customs and Infrastructure; the governments continuous efforts for growth are expected to boost the performance of the countries during the forecasted period. The Jobs Transformation Map (JTM) for the Logistics sector has been launched in Singapore to explore the impact of Industry 4.0 (I4.0) technology solutions 1 on Singapore's logistics workforce. 1.1 Study Assumptions and Market Definition, 4.6.2 Bargaining Power of Buyers/Consumers, 4.7 Government Regulations and Initiatives, 4.11 Review and Commentary on Singapores Relation with Other ASEAN Countries (Analysts View), 4.12 Spotlight- Role of Singapore as a Transshipment Hub, 5. Here are some takeaways. In 2019, it was a $6.8 billion industry which formed 1.4% of Singapore's entire GDP. The priority has, however, shifted to building resilient supply chains instead, noted Mr Anil Das, Director of JTCs Logistics & Land Transport Cluster. For example. 8 Jurong Town Hall Road 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. The establishment of free trade zones and increased foreign direct investment is leading the growth of the transportation and logistics industry in the emerging markets. Singapore is also significantly affected by the changes in the global manufacturing sector. 9. Understand the logistical needs of international partners and provide customised fulfilment solutions. 2023. 1 Infographic / Pic Singapore Transportation & Logistics (3PL/4PL) Market Expansion Furthermore, companies are no longer focused on just storage capacity, which has traditionally been a measure of how well and quickly they can meet their partners logistics demands. The Icon BSD City,Jl. This results in simplified and seamless trade transactions across the supply chain which will yield higher productivity, business agility and, ultimately, strengthen Singapore's competitiveness in the global trade and logistics sector. Career Counselling and CSR Report - India 2018. The SGUnited Skills Programme, on the other hand, has a range of full-time training courses to equip individuals with in-demand and emerging skills. Please check with your bank for further details. As Singapore is a major transshipment hub and serves as a gateway to some of the key regions, any changes in the global shipping industry affect Singapore's logistics market, majorly in sea and air. Click here. The logistics and transportation is also one of the 16 priority sectors to benefit from the National Productivity and Continuing Education Council (NPCEC) initiative. As a result, the demand for logistics and supply chain management will continue to increase. In 2017, the industry recorded $75.11 million profit loss, reversing its $31.84 million gain during the same period in Q4. Navigating the Skies: Empowering Singapore's Aviation Logistics Heroes c. Interviews of those having a good experience in this industry. Logistics and Supply Chain Management in Singapore | Singapore EDB At SDR Logistics, we are a reliable and trusted logistics solution provider. These technologies. We do not offer any refunds and we stand by the quality throughout the year. Transportation & Logistics - PwC As a result, the demand for logistics and supply chain management will continue to increase. A total of 52 returned questionnaires were received, representing a response rate of 14.8%. 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. Cold Chain Market in Singapore, Supply chain industry - Ken
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