Singapore Freight and Logistics Market Is Booming Worldwide by 2025 | United Parcel Service, Deutsche Post DHL Group, Singapore Post Limited, APL Logistics Ltd

The Singapore Freight and Logistics Market report provides the overall structure and business outlook of the Singapore and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Singapore and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Singapore Freight and Logistics Market with its specific geographical regions.

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“The Singapore freight and logistics market is expected to witness a CAGR of 5% during the forecasted period.”

Top leading Companies Profiled in Freight and Logistics Market Report are United Parcel Service, Deutsche Post DHL Group, Singapore Post Limited, APL Logistics Ltd (Subsidiary of Kintetsu World Express Inc.), ACW Logistics Pte. Ltd, Keppel Logistics Pte. Ltd, CWT Pte. Ltd, YCH Group Pte. Ltd, Yamato Transport, Deutsche Post DHL Group, DSV, Kuehne + Nagel International AG, Nippon Express Co. Ltd, Expeditors International, Yusen Logistics Co. Ltd, FedEx Corporation, Deutsche Bahn AG, Agility Logistics, CEVA Logistics*

Latest Update and Developments

November 17, 2021 Logistics startup Freightwalla launches AI-backed cargo tracker for MSMEs amid global container crisis- Logistics for MSMEs: Limited visibility into the movement of goods, making shipment tracking cumbersome and time-consuming has pushed managers and cargo owners to consolidate data from different sources through process-intensive tasks, Freightwalla said.

October 21, 2021 DP World launches its new digital logistics platform, Cargoes Logistics- DP World, the provider of smart supply chain solutions, announced the launch of its new digital logistics platform, Cargoes Logistics. The platform provides customers with a single-window solution for seamless, secure, and efficient movement of cargo. With Cargoes Logistics, customers can choose from multimodal logistics options, ship freight by sea, road, and/or rail, get instant quotes, swift booking confirmation and multiple secure payment options in three simple steps – Search, Choose & Book.

July 14, 2021 AI-based logistics firm Shyplite launches Shypmax supply chain solution- Artificial intelligence (AI)-powered logistics platform Shyplite on Wednesday said it has launched Shypmax, India’s first and only cross border LPaaS (Logistics Platform as a service), which also has asset light carrier capabilities and an asset light supply chain solution, backed by a contemporary product and stellar service.

OOCL Logistics Launches ISCMS-Lite - Enhancing the Traditional Freight Forwarding Experience- OOCL Logistics Launches ISCMS-Lite - Enhancing the Traditional Freight Forwarding Experience

Market Overview

Singapore is one of the worlds most open economies. It has the worlds highest trade to GDP ratio, with the total trade reaching more than the GDP. This reflects the country's role as a trading port and an oil and gas hub, and its participation in regional supply chains, which has over time, led to a significant increase in trade of intermediate goods. The country is a regional hub for logistics players and helps companies drive speed to the global market through excellent infrastructure and connectivity. According to the World Banks Logistics Performance Index (LPI) 2018, the country ranks seventh in the world and ranks third for logistics competence. Being a regional hub, the country is a preferred location for manufacturers who can have support from the ecosystem of leading shippers and third-party logistics providers (3PLs) in the country. The manufacturing companies base their supply chain control towers and distribution centers in Singapore, in order to orchestrate their regional and global supply chains.

Singapore has seamless transport connectivity. It has dense sea and road networks for multimodal transshipment, with a Seamless intermodal connectivity between one of the worlds busiest seaports and airports. The airport is less than an hour drive from PSA terminals, the worlds second-largest container port and busiest transshipment hub, with connectivity to over 600 ports. PSA has four container terminals, one multi-purpose terminal, and one vehicle transshipment terminal operational in the country. PSA also has a huge shipping line network of 200 shipping lines, connecting 123 countries with vessels, with a frequency of 60 per day.

Changi International Airport is one of the worlds busiest airports for international air cargo, handling over 1.97 million metric ton annually, with transshipment volume accounting for almost half of the throughput, hence regarded as global air cargo hub. Designed to move cargo, like clockwork round the clock, the cold chain facilities, warehouses, and offices at Changi Airfreight Centre (CAC), coupled with the Airport Logistics Park of Singapore (ALPS), are well equipped to cater to all operational needs. Airfreight operations at Changi Airport are centered at the Changi Airfreight Centre (CAC), a 24-hour Free Trade Zone, where transshipment cargo can be broken down and reconsolidated with minimal Customs formalities.

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Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Freight and Logistics Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Freight and Logistics market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Freight and Logistics market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Singaporely for the Freight and Logistics

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In conclusion, the Freight and Logistics market report present the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Freight and Logistics Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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