Singapore is a major logistics hub ranked first in the world for logistics competence and timeliness of services, and second in Asia on the World Bank's Logistics Performance Index1. An important pillar of the Singapore economy, the logistics sector contributed a value-add of S$6.8 billion2 in 2018 and generated more than 86,300 jobs3. It connects key supply chain nodes to facilitate efficient trade flow domestically and internationally.
Our homegrown logistics companies have built up specialised capabilities to support key industries such as food, healthcare and pharmaceutical, oil & gas, infrastructure and construction, retail, electronics and high tech. They have also adopted robust technological solutions for lean and efficient logistics operations.
Global developments, including China's Belt And Road Initiative (BRI) and the relocation of manufacturing bases within Southeast Asia, have driven more Singapore firms to expand operations regionally and beyond, to capture new trade flows. Countries that our companies have ventured to include Malaysia, Indonesia, Thailand, Vietnam, China, Australia, and New Zealand.
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There are various programmes and initiatives for your business to harness the potential of digital solutions, build specialised logistics capabilities, and venture into new markets to seize new growth opportunities. Work with us to enhance your company's capabilities and go global, while developing your workforce and talent pool to complement these efforts.
1 World Bank Logistics Performance Index 2018
2 VA & Operating Receipt (DOS)
3 Employment Statistics (MOM, Dec 2018)