Flying high in the east

THE medium to long-term outlook for the logistics sector remains positive, despite the uncertainties in the world economy. Several key trends - including globalisation, the outsourcing of logistics functions to third-party logistics (3PL) players, an e-retailing boom and the evolving manufacturing landscape - combine to form a compelling set of drivers for the logistics market, with Singapore enjoying a pivotal strategic location in the centre of global and regional shipping lanes and air routes.