The history of the development of Singaporean logistics Current status General background of the country

Done by: Suyunov K.
Group: LG-31



Content:

1. 
   The history of the development of Singaporean logistics
   
2. 
   Current status
   
3. 
   General background of the country
   
4. 
   Innovations applied in the logistic industry of Singapore
   
5. 
   Conclusion
   

Logistics – The Early Days
According to the Singapore Logistics Association (formerly the Singapore Freight Forwarders Association), freight forwarding began to take shape in the 19th century along with the development of entrepôt trade, where Singapore was a “bustling centre for the exchange of products of Europe, India and China”, and this opened up opportunities for storage, cargo insurance and local forwarding.

In the early 80s, Singapore-based freight forwarders began expanding to Indonesia, Malaysia, Thailand and the Philippines. After the recession in the mid-80s, companies began to expand their range of services. For example, those who concentrated on air freight started to show interest in sea freight, and vice-versa. The mid-80s also saw an increasing shift into warehousing and distribution. Later on, freight forwarders progressed, and went on to include services like warehousing, inventory management, configuration – all which are broadly referred to logistics.

Fast forward a few decades, and Singapore has become one of the region's leaders in logistics, and is home to specialised logistics capabilities like healthcare and cold chain, chemical, aerospace, art and wine logistics. It also ranked as the top logistics hub in Asia in the 2012 and 2014 Logistics Performance index by the World Bank.