Five-Year Roadmap to Boost Singapore's Logistics Competitiveness
In celebration of its 50th anniversary, SLA has unveiled Vision2027, a five-year roadmap aimed at ensuring continued competitiveness of the industry and to reinforce Singapore's role as a leading global logistics hub. The roadmap envisions sustained growth and transformation of Singapore logistics companies to address new demands in global supply chains, such as enhanced visibility and transparency, increased resilience and proactive risk mitigations as well as decarbonisation of transport networks. The official unveiling of Vision2027 took place during SLA's 50th Anniversary Dinner, graced by Minister for Manpower and Second Minister for Trade and Industry Dr Tan See Leng.
At the core of the roadmap is the Green Supply Chain initiative, which seeks to accelerate the adoption of sustainable practices within the logistics industry. SLA aims to encourage 500 companies to embark on their sustainability journey, including appointing a Sustainability Officer to steer the company’s transition to green logistics practices. The Sustainability Officer can tap on toolkits which will be available on SLA’s Green Supply Chain Knowledge Hub (to be launched later in the year) to conduct self-assessment, adopt green digital solutions and implement sustainability reporting mechanisms. Notably, SLA will continue to promote sectoral innovation by bringing together key stakeholders to collaborate and testbed locally developed technologies as well as innovation in green logistics solutions.
Another strategic goal of the roadmap is aimed at transforming the local logistics industry into a world-class, digitally enabled ecosystem. The roadmap looks at facilitating collaboration between logistics service providers and LogTech companies over a range of key areas, including the promotion of cutting-edge digital solutions like Advanced Analytics, Digital Twin technology and Generative AI. By fostering greater connectivity, data transparency and secured digital initiatives, SLA aims to promote a logistics industry that is able to value-differentiate by being more efficient, sustainable and responsive to the needs of businesses and consumers alike. In addition, SLA will work with partners to train and equip the logistics workforce with necessary skills to embrace advanced technologies and promote the adoption of sustainable practices within the industry.
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