Singapore Logistics Market: Navigating Challenges, Unleashing Potential – Will Technology Disruption Fuel the Next Era of Growth? : Ken Research Singapore’s logistics market has witnessed remarkable growth in recent years, driven by increased export and import activities and the expanding E-commerce industry. This growth has been further propelled by technological advancements and government initiatives that have significantly improved operational processes. However, despite these positive developments, certain roadblocks have hindered the market’s full potential. Explore our… Read More »
How is the Singapore Freight Forwarding Industry making a global impact? : Ken Research Singapore Freight Forwarding market is a dominating pillar in the Singapore Industry, with 2400 companies currently giving mostly sea and road freight services in and out of the country, with currently generating $16 Bn and planning for technological automation, digitization, global trade network expansion, for it is expected to grow at ~8% by 2028. STORY… Read More »
How Singapore Logistics Market is aiming to keep itself globally at No.1? : Ken Research Singapore logistics market, is projected to achieve ~7%, by 2028, owing to its enlarged networks of Free Trade Agreement (FTA), having more than 25 major trading partners to enhance the access to major markets, and also an increase in the transport and e-commerce section, shifts the weightage towards Singapore. STORY OUTLINE Singapore Freight and Logistics… Read More »
Singapore Logistics Market will be valued over 40 Bn SGD in 2028. Will Singapore Logistics Market stand on this expected figure? Ken Research There are about 2,500 freight companies in Singapore with majority of them offering sea and road freight services in the country. Logistics Market in Singapore highly fragmented with highly competitive rivalry among the competitors. . Singapore logistics industry is catered by the domestic and international players and Singapore Post, CWT, YCH group are the top… Read More »
Singapore Logistics Market will be valued over 25 Bn SGD in 2023. Will Singapore Logistics Market stand on this expected figure? Ken Research 1.Maritime and Port Authority of Singapore – Singapore’s Next Generation Tuas Port Project Click to know: Major Players in Singapore Logistics Market The government is focusing on sustainable development of the country with the introduction of automated and sustainable products. Sustainable technologies are integral to the new Tuas Port, which will become the world’s largest… Read More »
Singapore Logistics Market is currently valued at 25 Bn SGD in 2022. Will Singapore continue this growth trajectory in future 1. Growing Demand in Singapore’s E-Commerce Sector The demand in e-commerce sector in Singapore was exponential and the e commerce GMV grew from $2.5 Bn in 2019 to $6.2 Bn in 2022 this paved path for the growth of logistics market. E-commerce companies invested in new technologies and explored new ways to fulfilling the demand… Read More »
Singapore’s E-Commerce Logistics Market Anticipated to Enhance Supply Chain Transparency and Security Leading to Improved Cost Efficiency: Ken Research Singapore’s populace includes ~65% of people aged between the age group of 20-64 years, who will drive the future of the e-commerce market. The ‘five-pronged’ infrastructural strategy is aiming to build 2 nationwide 5G networks, enable cross-border Digital Economy Agreements (DEA) and increase local business penetration to make Singapore a global and regional e-commerce hub.… Read More »
Large product assortment and fast and flexible delivery remain the key customer benefits of E-Commerce platforms : Ken Research 1. Advanced payment systems let customers make seamless, one-click purchases online with enhanced security The advent of new payment methods like e-wallets and blockchain provides customers with multiple payment methods on e-commerce platforms. Hassle-free online return policies enable customers to examine products and ship them back to the seller at little to no additional cost.… Read More »
Technology advancement, Cross Border E-commerce, and Increased local penetration by E-Commerce Platforms are some of the key growth drivers of the Singapore e-commerce industry: Ken Research Driven by the Entry of Home-Grown Players and Developing Logistics Infrastructure, the logistics market in Singapore has ample growth potential in the coming years. Singapore’s luxurious lifestyle and disposable income: Singapore is one of the strongest economies consisting of a rich population, luxurious lifestyle, disposable income, and a variety of options available online. It is… Read More »
Singapore Logistics & Warehousing Market Outlook to 2021 – Freight Forwarding and Warehousing Sector to Support Future Growth The report titled “Singapore Logistics & Warehousing Market Outlook to 2021 – Freight Forwarding and Warehousing Sector to Support Future Growth” provides a comprehensive analysis of the Logistics & Warehousing market in Singapore. The report covers various aspects such as overall size of Singapore logistics & warehousing market in terms of value, segmentation on the… Read More »
