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Global Logistics Essay

1400 Words6 Pages

Introduction With the rise of Asia economic power, there is an investment trend from the West to the Asian region. Organisations are looking for the appropriate region to expand their business. In order to fulfil the requirements of customers or corporations. Logistics is one of the main aspects of the global economy. It is the management of flow and storage goods between the point of origin and the point of consumption. It is defined as a business planning framework for the management of material, service, information and capital flows. It includes the increasingly complex information, communication and control systems required in today's business environment (Helsinki, FI, 1996). However, logistics is interconnected to supply chain. It is a complex and acquires professional management and is a system involves production order, manufacture, transportation, distribution and coordinate with marketing, sales, finance, and information technology. No matter the size of a business, logistics can help the supply chain become more efficiently by reducing the costs when and avoiding waste of time and materials. Singapore located in the heart of Southeast Asia and it owned the major shipping lanes. It has become the important logistics port and pipeline for world …show more content…

The industry of Singapore has provided over 180,000 job opportunities which is occupied 9% of the labour force. Port of Singapore is the world's second-busiest port and more than a fifth of the world's trans-shipping containers go through it. It attracts 140,000 vessel on average annually On the other hand, Port of Singapore involves cruise ships section. It also brings huge sum contribution per year and promotes local tourism. For the future requirement of logistics, Government has been announced the planning of airport and seaport expansion in 2013 that will create more job

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