Here's how regional integration will impact the logistics sector in Singapore

Regional competition will intensify.

The ASEAN Economic Community (AEC) will spell greater competition for the logistics sector in Singapore, according to a report by CBRE.

CBRE said that rising logistics hubs in Vietnam, Thailand and Malaysia will compete more keenly with Singapore as a result of the AEC.

Despite this, Singapore's location at the heart of Southeast Asia will give logistics operators the opportunity to tap into multiple markets.

"Singapore benefits from its reputation as a global logistics hub with strong expertise in the sector. Its position could be bolstered further [by the] AEC and TPP by facilitating freer movement of goods and create business opportunities," said the report.  

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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.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley