357 views
Photo from DHL

DHL Supply Chain invests $506.3m for Southeast Asia expansion

This will include the development of two new facilities in Singapore.

DHL Supply Chain has placed an investment of $506.3m (EUR350m) for the expansion of warehousing capacity, workforce, resiliency and sustainability over its Southeast Asia operations for the next five years.

For its Singapore operations, portions of the investment will cover two new projects: a modern 17,000 square meters (sqm) single-floor facility, and the acquisition of 60,000 sqm of space for the support of five classes of Dangerous Goods, it said in a statement.

Through its Singaporean facilities, DHL Supply Chain will increase warehouse capacity by over 50%, exceeding 230,000 sqm. Each one complies with its commitment toward carbon neutrality and sustainability through the use of eco-friendly packing materials and electric vehicles by 2025.

“More companies are interested to set up their supply chain hubs in Singapore, given the country's outstanding infrastructure, connectivity and business environment. We are investing ahead of the curve to bolster our value offering to customers, so their business is future-proof and resilient,” Andries Retief, CEO of DHL Supply Chain Southeast Asia, stated.

ALSO READ: M&G Investments expands access of 10 funds to retail investors in Singapore

The addition of facilities will accommodate 300 new jobs by 2024, boosting automation and production in the supply chain. DHL Supply Chain will also cover structured training programmes for employee and leadership upskilling.

“A report by the Singapore government showed that nearly a third of the jobs in supply chain will be outdated in two years. We have put in place programs that will help upskill our employees and allow them to pursue different roles in areas such as data analytics and automation,” Eunis Hew, Managing Director of DHL Supply Chain Singapore, weighed in on the employment prospects for DHL Supply Chain Singapore.

$1 = EUR0.69

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

30 One-Sentence Stories From People Who Have Built Better Habits
None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.
SBR 5 Lorem Ipsum News 2 [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 4 Lorem Ipsum [8 May Top Stories]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

How Experts Figure What to Focus On
eliminate the distractions. Commit to one thing and become great at that thing.”
Exclusive three SBR 12 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 3 Lorem Ipsum [ Exclusive 2]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Event News

Video [Event News]
Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley