Bookmark & Share
The new roadmap to transform the logistic industry is expected to create 2,000 jobs for professionals, managers, executives and technicians (PMETs) over the next five years.
Launched by Trade and Industry (Industry) Minister S Iswaran at the groundbreaking of JTC Logistics Hub @ Gul, the roadmap aims to uplift the logistic industry’s operation excellence by directly supporting companies to tap on suitable process methodologies and technologies.
Notably, the government will provide implementation assistance to enterprises adopting impactful productive technologies that are new to Singapore or the industry.
For SMEs, the government will invest in next-generation facilities with high specifications units that encourage co-location of companies.
To bolster logistics innovation, the government will work with research institutions and universities to develop world-class capabilities in the logistics and supply chain management domains. Centres of Excellence and Centres of Innovation will also be established to help companies build differentiating capabilities.
“Rank-and-file jobs will become less laborious and more skilled, while new professional roles will be created,” said Singapore Economic Development Board (EDB) in a release.
It also revealed that a logistic skills framework that provides comprehensive information on career pathways within the industry is also being developed.
In fact, the government will help mid-careerists from other sectors to transit smoothly into the logistic industry through the Adapt and Grow initiative which includes the Logistics Professional Conversion Programmes by Workforce Singapore.
Meanwhile, enterprises will be supported in their market expansion efforts to secure trade flows and grow international presence.
With these, the Logistics Industry Transformation Map “hopes to develop more globally competitive companies”, said EDB.
Image: Groundbreaking Ceremony for JTC Logistics Hub @ Gul (Source: JTC Corporation)
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
Related Articles:
Asia Pacific commercial property investment dips 1.1% in Q3: RCA
Leasing demand for industrial space in Asia Pacific stable in Q3
Indonesia's new industrial park developed with Singapore opens