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Big boost for logistics industry

The Government has unveiled a blueprint that hopes to create 2,000 new white-collar jobs and add billions of dollars in value to the economy's logistics sector.

The blueprint sets out the plan to transform the industry to capture growth opportunities, while dealing with challenges it will face, such as limited land for new facilities, slowing local employment growth and increased competition from the region.

At the groundbreaking of JTC Logistics Hub@Gul yesterday, Minister for Trade and Industry (Industry) S. Iswaran launched the Logistics Industry Transformation Map (ITM), which aims to transform the sector and help Singapore retain its position as a global logistics hub.

This is expected to achieve a value-add of $8.3 billion and introduce 2,000 new PMETs (professionals, managers, executives and technicians) over the next five years, he added.

THREE AREAS

The roadmap focuses on three areas: productivity, innovation and talent development.

"The Logistics ITM will support enterprise-level efforts to transform and grow through productivity and innovation," The Straits Times Online reported Mr Iswaran as saying.

"It aims to nurture a strong Singaporean core through talent development. This in turn will help our companies, in particular the small and medium-sized enterprises, to scale up and internationalise.

"To stay ahead of increasing competition, our logistics companies must stay committed to achieving operational excellence."

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