A more connected Asia
Global leader in supply chain management and logistics
Singapore’s flourishing logistics hub is ranked in the top 5 performers among 155 countries in The World Bank’s 2016 Logistics Performance Index1. Some 21 of the top 25 global logistics players, including DHL, TNT, FedEx, Kuehne + Nagel, Sankyu, Schenker, Toll Logistics, UPS and Yusen Logistics, centralise their regional supply chain operations in Singapore.
Singapore’s investment in world-class infrastructure includes the Airport Logistics Park in the airport’s free trade zone, Singapore FreePort which provides the largest maximum-security facility for fine art and collectibles, and Coolport@Changi which is the first airport facility in Asia to handle perishable cargo.
Aerospace & Logistics Business Events: Opportunities for growth
As Asia progressively accounts for a bigger share of global trade and transportation, the strong growth of Asia’s emerging economies will boost the intra-regional movement of goods and people. Burgeoning passenger numbers call for immediate infrastructure, indicating potential for business events which facilitate partnerships to address infrastructure gaps and investment models. As oil prices fluctuate and developing economies battle with pollution, sustainable travel and logistics is shaping up to be an important focus area, as is the unique realm of user-centred comfort and design.
Specifically for the supply chain and logistics sector, the recently unveiled 2016 Logistics Industry Transformation Map in Singapore aims to transform the logistics sector and reinforce Singapore's position as a global logistics hub. This, in line with global trends, will create demand for niche events that focus on innovation in areas such as Advanced Infrastructure, Process Automation, Systems integration and Analytics. Singapore’s strategic location, highly developed infrastructure, technological advancements and global connections make it a promising entry point for such niche events into the region.
Did you know?
- Singapore boasts the world’s busiest transshipment hub, handling about one-seventh of the world’s container transshipment throughput or 30.62 million Twenty-Foot Equivalent Units (TEU) of containers in 20153.
- The Asia Pacific MRO spend is forecast to grow from US$18.3 billion to US$34.8 billion in 20254.
- The Asia Pacific remains by far the largest transport infrastructure market, with investments expected to grow from US$557 billion per year to nearly US$900 billion per year in 20255. More than 58.7 million passengers passed through Changi Airport in 2016. This is projected to reach 135 million with the completion of Terminal 4 in 2017 and Terminal 5 by the late 2020s6 the airport is served by over 6,500 weekly flights to 280 cities in 60 countries, handling close to 2 million tonnes of cargo annually.