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Singapore Supply Chain Management Case Study

1486 Words6 Pages

Introduction
The essay will introduce the reader to how the Economic Development Board (EDB) played an important role in Singapore’s economic growth in the Logistics and Supply Chain sector. The essay is divided into three broad sections, namely the contributions, challenges faced and the improvement strategies.

Logistics is the management and the process of raw materials becoming the finished product, mainly focusing on the transportation and storage of goods. Supply chain manages the flow, which encompasses the supplying of materials to producing the product and the distribution of the finished product to distributors, retailers and finally to a customer. Located in a prime location geographically, 20 of the top 25 logistics players such as, Deutsche Post DHL group, Sankyu, …show more content…

The employment rate has been rising, with an average of 2510.64 thousand from 1994 to 2014. (Singapore Employed Persons | 1994-2015 | Data | Chart | Calendar | Forecast, 2015)
Singapore has no natural resources, and being located in the heart of Southeast Asia, which connects all major trading routes have to depend heavily on the import and export of goods to flourish. Singapore container ports are the busiest in the world and Changi International Airport is linked to 300 cities in 70 countries with more than 6,500 weekly flights. (Reasons to Trade from Singapore – Trade from Singapore – International, 2015)
The Logistics Performance Index (LPI) for Singapore was 1st globally in 2007 (Global Rankings 2007 | Logistics Performance Index, 2015) and 2012 (Global Rankings 2012 | Logistics Performance Index, 2015), 1st in Asia in 2010 (Global Rankings 2010 | Logistics Performance Index, 2015) and 2014 (Global Rankings 2014 | Logistics Performance Index, 2015), and, was 2nd globally in 2010 (Global Rankings 2010 | Logistics Performance Index, 2015) and 5th in 2014 (Global Rankings 2014 | Logistics Performance Index,

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