Logistic sector surges in 2009 despite global downturn

Investment commitments in Singapore's logistics sector reached S$481 million in 2009, which may create more than 1,200 jobs when fully implemented.

Global logistics and supply chain management (SCM) companies expanded their innovative and specialised activities in Singapore in 2009, an EDB report said on Wednesday.

“As global logistics and SCM companies seek to capitalise on Asia’s growth, Singapore’s world-class logistics capabilities and sophisticated lead market presents a strategic site for them to identify and respond to rising opportunities in Asia. We are delighted that many global and local companies are developing and implementing innovative and thought-leading SCM solutions from Singapore,” said Mr Julian Ho, Assistant Managing Director, Singapore Economic Development Board (EDB).

When fully implemented, the S$481 million investments logistics sector will create more than 1,200 jobs for SCM planners, managers, research engineers and skilled workers. These skilled positions constitute close to 80% of the jobs created by the investments in 2009.

The investments are expected to contribute S$207 million in value-added per year.

Key developments in 2009 include Zuellig Pharma’s Specialty Solutions Group’s global headquarters for its new bio-logistics services in Singapore, and TNT’s new Regional Air Hub that offers innovative supply chain options by connecting the company’s air networks with its Asia Road Network. More recently, DKSH opened its Global Centres for Finance and Executive Training in Singapore.

In addition, leading logistics companies also leveraged Singapore’s sophisticated lead market to develop specialised services that address their clients’ complex needs in Asia.

“Singapore’s logistics sector is undergoing a transformation to more innovative activities. Singaporeans can look forward to more challenging and rewarding jobs in developing innovative supply chain solutions that increase companies’ top-line while yielding environmental benefits,” added Mr Ho.