A Comment from our Industry Partner

"With more than 200 stores islandwide, NTUC FairPrice depends on an efficient logistics chain to ensure fresh, quality products are delivered in time to our stores to meet the needs of 1.5 million shoppers every week.

Efficient logistics and good supply chain management is integral to many businesses.

Logisticians, such as those trained by Temasek Polytechnic's Diploma in Logistics & Operations Management, have an important role to play especially in the retail industry where timely delivery of the right product to the right place is a critical success factor."

Quoted by Mr Dickson Yeo, Director, Supply Chain, NTUC FairPrice

Singapore Soars As A Logistics Hub

Singapore is steadfastly growing as a logistics hub for multinational corporations (MNCs) as it emerged tops in a World Bank survey for efficient handling and shipping of goods.

The implementation of Portnet, a network portal that allows easy management and transfer of information, also contributed to the transformation of the shipping and logistics industry into a proactive and connected supply chain.

The local logistics industry has grown significantly due to a strong presence of MNCs and International Enterprise (IE) Singapore's constant efforts in developing the industry.

IE Singapore has helped local logistics firm secure overseas sales of over S$200 million in 2006. It regularly organizes logistics-specific business missions to help local logistics companies acquire new knowledge and information.

The transport and logistics business is a key driver of Singapore's economy. Last year, the sector accounted for 9.6% of the gross domestic product (GDP) and employed 110,000 workers.

Singapore aims to become the leading integrated logistics hub in Asia by 2010.

Sources:

• "Singapore ranked No. 1 logistics hub by World Bank", The Straits Times, 7 November 2007