A supply chain of tools - making the right investment moves with logistics service providers

LOGISTICS form the backbone of the today's supply-chain ecosystem, ensuring that people and goods are transported efficiently from one point to another, on time, in good condition and at competitive prices. The sector is also evolving rapidly, as advances in technology respond to distribution demands from e-commerce firms. Furthermore, we see disruptive forces in play as new entrants create services that we suddenly cannot live without.

This is also a labyrinthine industry that includes a multitude of stakeholders ranging from governments, warehouse operators, freight specialists, port authorities, transport companies and the end-user.

In Singapore alone, the transportation and storage sector, of which logistics is a part, contributes over 7 per cent to gross domestic product growth and employs almost 9 per cent of the country's workforce.