Global logistics and supply chain management (SCM) companies expanded their innovative and specialised activities in Singapore in 2009.

“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).

Investment commitments in Singapore’s logistics sector in 2009 amounted to S$481 million in total business spending.  When fully implemented, these investments 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 annum.

In 2009, global logistics and SCM companies located strategic functions in Singapore that include regional headquarters, global business units and shared services.  Leading logistics companies also leveraged Singapore’s sophisticated lead market to develop specialised services that address their clients’ complex needs in Asia. Building on a world-class logistics sector and sophisticated lead market that controls key supply chains in Asia, Singapore facilitates the development of innovative sustainable solutions for the future today.