Business Daily Media

Men's Weekly

.

Singapore - A Trusted Global Supply Chain Management Hub

SINGAPORE - Media OutReach Newswire - 8 November 2024 - Singapore is strengthening its position as a global hub for supply chain management (SCM), providing international businesses with a reliable and efficient base to manage their regional and global supply chains.

With top-notch infrastructure, a skilled talent pool, and forward-looking policies, Singapore invites businesses worldwide to establish or expand their operations in the city-state.

Employees in the Tuas port operations room
Employees in the Tuas port operations room


Singapore Supply Chain Connect 2024 – Showcasing Supply Chain Innovation


From 3 October 2024 to 4 October 2024, the inaugural Singapore Supply Chain Connect 2024 brought together around 400 senior supply chain and business leaders to discuss the ongoing shifts in global supply chains. Organised by the Singapore Economic Development Board (EDB), in collaboration with key industry and government partners, this landmark event highlighted Singapore's growing role in global supply chain management.

Industry leaders shared best practices on how companies are leveraging Southeast Asia (SEA) and Singapore to drive growth and diversify their supply chains within the region. The discussions emphasised Singapore's strategic role in helping businesses build resilience and capitalise on new opportunities in the evolving global landscape.

A Strong Talent Pool and Cutting-Edge Innovation

Singapore's SCM hubs draw on a robust talent pool of over 70,000 supply chain professionals, supported by 3,600 annual graduates with the necessary skills to drive innovation and efficiency. In addition to its talent advantage, Singapore provides businesses access to a thriving innovation ecosystem backed by government initiatives such as the Economic Development Board's (EDB) support schemes. Companies can leverage these resources to establish innovation teams or Centres of Excellence (COEs) to adopt advanced technologies for digital and sustainable supply chains.

A Logistics Powerhouse with World-Class Connectivity

Singapore's top ranking in the World Bank's 2023 Logistics Performance Index reinforces its role as a global logistics management hub. The country's customs dwell time of under 10 minutes highlights its operational efficiency, making it a trusted hub for companies seeking to streamline their supply chain operations.

The logistics industry in Singapore is further bolstered by the presence of 22 of the top 25 globally leading third-party logistics providers (3PLs), many of whom are setting up Best-In-Class Regional Distribution Centres (BIC RDCs). Companies such as DB Schenker, DSV, and Maersk are investing in cutting-edge facilities in Singapore, with new regional distribution centres expected to be operational by 2025.

Long-Term Investments in Connectivity and Infrastructure

Singapore's commitment to enhancing its connectivity is evident in its ongoing investments in air and sea logistics infrastructure, which have established the nation as a trusted air and sea connectivity hub.

The Changi Air Cargo Hub is expanding its capacity from 3 million to 5.4 million tonnes annually, supported by the remodelled Changi Airfreight Centre, the Changi East Industrial Zone, and the Airport Logistics Park Singapore (ALPS). ALPS, operational since 2003, provides third-party logistics (3PL) services, enabling seamless regional air cargo flows. To further augment capacity, a second Airport Logistics Park (ALPS2) will launch from the 2030s, offering new space for logistics companies and serving as a Free Trade Zone.

On the maritime side, Singapore remains the world's busiest container transshipment hub, handling 39.01 million twenty-foot equivalent units (TEUs) in 2023. The upcoming Tuas Mega Port, set to be the world's largest fully automated port by the 2040s, will have a capacity of 65 million TEUs annually. This advanced port infrastructure will reduce vessel turnaround times and cement Singapore's position as a key global maritime hub.
Hashtag: #EDB #SingaporeEconomicDevelopmentBoard #Singapore






The issuer is solely responsible for the content of this announcement.

Singapore Economic Development Board

The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore's position as a global centre for business, innovation, and talent.

News from Asia

Rhenus 4PL Solutions Brings Digital Logistics Expertise Support To The Circular Economy Initiative Of Looper Textile Co. And REMONDIS

Circular textiles at industrial scale: Looper Textile Co. collects, sorts and processes up to 150 million garments annually for reuse and recycling. Digital coordination by Rhenus...

ISCA and SHICPA Sign MOU to Strengthen Support for Accountancy Professionals and Firms in Shanghai

SINGAPORE - Media OutReach Newswire - 8 July 2025 - The Institute of Singapore Chartered Accountants (ISCA) and the Shanghai Institute of Certified Public Accountants (SHICPA) have signed a Memora...

Proscenic Launches Major Prime Day 2025 Sale with Up to 40% Off Best-Selling Vacuums Starting at €89

SHENZHEN, CHINA - Media OutReach Newswire - 8 July 2025 - Smart home innovator Proscenic is kicking off Prime Day 2025 with one of its biggest sales yet, offering up to 40% off its top-rated vacuu...

Arrow Electronics Launches Engineering Solutions Center to Support Tech Innovation Across India and Southeast Asia

BANGALORE, INDIA - Media OutReach Newswire - 9 July 2025 - Arrow Electronics, a global provider of technology solutions, today announced the launch of its new Engineering Solutions Center(ESC) in ...

XIXILI Introduces Jelly Padded Bras: A Game-Changer in Everyday Comfort

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 9 July 2025 - Renowned for empowering women through inclusivity and thoughtful design, XIXILI announces the arrival of its latest bra collection:...

Jurassic World: The Experience Roars Into Bangkok - 8 August 2025 At Asiatique The Riverfront Destination

BANGKOK, THAILAND - Media OutReach Newswire - 9 July 2025 - Asset World Corporation (AWC), Thailand's leading integrated lifestyle real estate group, together with NEON and Universal Destinations ...

Health2Sync and Novo Nordisk Pharma Korea, Ltd. Launch Smart Cap Mallya® for FlexTouch® Insulin Pens Integration in South Korea, Enhancing insulin administration via Digital Diabetes Care

SEOUL, SOUTH KOREA - Media OutReach Newswire - 9 July 2025 - Health2Sync, Asia's leading digital chronic disease management platform, announced the successful integration of Smart Cap Mallya® for ...

E-commerce Platform Wildberries Pilots Its Own Taxi Service

MINSK, BELARUS - Media OutReach Newswire - 9 July 2025 - Wildberries, a leading e-commerce platform in Eurasia, has begun testing its own ride-hailing service in Belarus. The company expects the n...

DYXnet Awarded ISO/IEC 42001 AI Management System Certification by SGS

Leading the New Era of AI in Hong Kong's Telecommunications Industry HONG KONG SAR - Media OutReach Newswire - 9 July 2025 - DYXnet, a wholly-owned subsidiary of VNET Group, Inc...

Prince Foundation Extends Support for Children’s Healthcare in Cambodia Through Cambodia Kantha Bopha Foundation, Reflecting Commitment Guided by Neak Oknha Chen Zhi

PHNOM PENH, CAMBODIA - Media OutReach Newswire - 9 July 2025 - Prince Foundation, the philanthropic arm of Prince Holding Group under the leadership of Neak Oknha Chen Zhi, has reaffirmed its ong...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy