A leap of faith in logistics' last mile

EVEN in the dog-eat-dog world of the logistics industry, pooches will sometimes have to stick together.

This is the view of former air force officer Vincent Phang, who is now chief executive of home-grown ST Logistics and Toll Group's Singapore executive vice-president for global logistics. "In our journey to be a market leader here, I consider it imperative that we create inter-operable solutions for industry," he said.

Operating receipts for transport and storage services totalled S$104.77 billion in 2016, almost triple the S$36.28 billion in 2000, going by Department of Statistics figures. But, with the industry split across 12,510 establishments, market fragmentation is a sore spot.