Strategy

Singapore to transform logistics sector with new roadmap

30 January 2017 by Shilpa Pai Mizar

The logistics ITM was recently launched to develop Singapore into a global leading logistics hub. By driving innovation, productivity and talent, the ITM will help enterprises better capture growth opportunities in this sector.

Innovation

On this crucial front, companies will receive support in tapping suitable processes and technologies. The Government will help organisations adopt impactful, productive technologies that are new to Singapore or the industry.

The island-state will invest in next-generation facilities with high-specification units that encourage the co-location of companies and drive the use of advanced technologies.

Productivity

Enterprises can expect to see centres of excellence and innovation set up in Singapore, which will aid them in building differentiating capabilities to boost productivity.

The Government will also work with reputed local research institutions and universities to develop world-class capabilities in the logistics and supply chain management space

At the same time, Singapore will continue to architect itself as a choice location for leading manufacturers and brand owners to base their supply chain activities and decision making.

Talent development

Talent is a key differentiator for global players in today’s disrupted business environment. The Logistics ITM will help the current workforce in Singapore step into the gap by acquiring niche and emerging skills through the Industry Catalyst Programme.

Under the Government's Adapt and Grow initiative, Workforce Singapore's Logistics Professional Conversion Programme will help mid-career workers make a smooth transition to the industry.

Here’s what companies can expect from Singapore’s ITM 2020 vision for the logistics industry in a snapshot.

Edited by Sophie Chen and Goh Wei Ting