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 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 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 »
