Logistics sector gets productivity boost with new container system
Published on Aug 26, 2014 1:50 PM
SINGAPORE - The growing logistics and transportation sector has gotten a productivity boost, with a new system that lets firms plan container deliveries more efficiently.
Such innovations help the industry keep ahead of the pack, Senior Minister of State for Trade and Industry Lee Yi Shyan said on Tuesday.
Singapore is the world's biggest container transhipment hub, having handled more than 32 million containers last year, he noted at an industry conference at Resorts World Sentosa attended by about 200 people.
The logistics and transportation industry made up about 7 per cent of economic output and employed about 227,000 workers last year.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here