SINGAPORE

 

Logistics Specific Economic Performance

 

       Number of companies in the logistics sector             


As a global warehousing and distribution center Singapore was rated no. 2 in the World Bank's (2009) International Logistics Performance Index.
There are 9.102 establishments in the transport and storage industry that generate operating receipts of some $57.09 billion for the economy. In total, they hire 158.537 of Singapore's workforce (2009). The Water Transport sub-sector has the largest number of workers (57.540) and contributes the most to the sector's operating receipts ($34.46 billion). The port is serviced by 200 shipping lines, sailing to and from 600 ports worldwide. The Water Transport Services sub-sector is the highest contributor to the industry's operating receipts and has the highest value added per worker and highest number of workers.

The port is handling one fifth of the world's container transshipment throughput as well as half of the world's annual supply of crude oil. About 85% of the container transport is transit. There are currently over 5.000 maritime companies in Singapore, including more than 120 international shipping companies. Today, the Singapore maritime sector employs over 170.000 people in a wide range of maritime careers.
The customers are the global corporations, or their subsidiaries, importing raw materials and transforming them into world exports. Singapore developed oil port facilities to cater to the needs of oil companies in South East Asia.

 

         

 

  

 


Share of employees working in logistics

 

 

 

From 1.985.700 labor forces in total there are 216.077 employees working in transport, storage and water transport, i.e. 10.88%.

 

 

 

 

 

 

 

 

 

Share of corresponding key industries acting as suppliers (ICT) or costumers for the logistics sector (trade, manufacturing industries)

 

 

 


Singapore has been built on several key industries and has invested heavily in developing industries to keep pace and scale for growth. Just to name some of them relevant for logistics: aerospace engineering, chemicals, electronics, engineering, healthcare, infocomm services & products and precision engineering. Recently, the automotive is emerging, too.

Global leaders in key growth sectors have established Singapore as their key global and regional manufacturing base in Asia.

Given this proximity to leading global manufacturers, top 3PLs in Singapore can work closely with their customers to design customised solutions for their supply chains.  

However, no statistical data are available.

 

 

 

 

 

 

 

 

 


Existence of surrounding markets to implement innovative logistics solutions

(e.g. urban or metropolitan areas to implement security systems for urban supply)

 

 

 


Singapore possesses a re-export-oriented manufacturing economy and logistics-intensive industries. The scope of activities of the cluster is directed ahead to the growth in areas such as aviation services, oil and gas exploration and production, distributed power, and automotive electronics.

Singapore is a leading player in the global shipbuilding and repair markets (e.g. aerospace MRO) and home to key oil & gas infrastructure and equipment companies. In the land transport sector, Singapore hosts several regional headquarters for automotive companies, as well as development and manufacturing operations for high-value components. Efforts in R&D and test bedding include emerging transport technologies such as intelligent transport systems and alternative energy. Logistics facilitates the configuration of solutions for the global supply chain of the manufacturing and service industries.