Demand for labour in logistics sector still on a tear thanks to crazy sales
Manpower needs rise due to e-commerce boom, lengthy border closures
Singapore
THE conflation of an e-commerce boom and prolonged border closures has driven up demand for manpower in the logistics space, even as companies turn to automation and technology to improve their operating efficiency.
"Salaries in the sector have increased at a faster rate compared to the overall rate of salary growth," said Lee Quane, ECA International's regional director of Asia. "This includes China and Singapore - 2 locations in the region where the e-commerce boom has been most pronounced."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Iran using Malaysian providers to bust oil sanctions: US official
China’s central bank adds more gold to its reserves in April
Wall Street bonuses to rise this year as deals return, says report
Bank of Japan to scrutinise yen moves in guiding policy: Governor Ueda
A look back on three decades of change in liner shipping
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global