article thumbnail

Hiring a Singapore Agent to Navigate Local Customs Clearance Can Boost Productivity, Efficiency

The Logistics & Supply Chain Management Society

As a key Southeast Asian hub, Singapore is a small but important market for many overseas sellers. Foreign trading companies may find it daunting or time-consuming to juggle multiple custom duties, especially if Singapore is an unfamiliar market to them. 2) Managing multiple payments and papers to clear Customs.

Singapore 242
article thumbnail

Industry Transformation: Advanced Manufacturing and Digitalisation of Supply Chain-Logistics

The Logistics & Supply Chain Management Society

The Covid-19 pandemic severely exacerbated the shock to the Global economy.Global and Regional Trade and related Supply chains experienced unprecedented disruptions. International Airports and Ports almost came to a standstill as the worlds international airline fleets were grounded and maritime shipping disrupted and stalled.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Doing Business in Singapore

QAD

The Malaysian island of Singapore was originally known as Temasek (“Sea Town”) after the first settlers found it in AD 1298-1299. In 1819, the British East India Company established a trading settlement on the island, which set modern Singapore into motion. Singapore’s landmass is only 719 sq. Manufacturing in Singapore.

Singapore 111
article thumbnail

Driving Sustainable Supply Chain Change

The Logistics & Supply Chain Management Society

Driving Sustainable Supply Chain Change. By 2025, to improve long-term supply chain profitability, 60% of manufacturers in global supply chains will invest in software tools to support sustainability and circular economy business models.”. “By In Asia, Governmental and Finance.

article thumbnail

Digital Megatrends – Shaping Supply Chain Innovation

The Logistics & Supply Chain Management Society

Digital megatrends – Shaping Supply Chain Innovation. Confronted by supply chain disruptions, companies were mired in deep uncertainty in 2021. According to a McKinsey report, supply chain disruptions cost the average organisation 45 per cent of a year’s profit over a decade.

article thumbnail

Ships Queues Worsen Port Delays From Singapore to Piraeus

Supply Chain Brain

The pileup is the latest logistical knot in global supply chains, with satellite shipping data allowing for real-time monitoring of port issues globally.

Singapore 105
article thumbnail

Shipping Containers and Supply Chain Snarls: Is There a Way Out?

Enterra Insights

A recent episode of CBS’s “60 Minutes” ran a segment on some of the issues involved in the current global supply chain crisis — focusing primarily on U.S. Much of the finger-pointing involved the movement of shipping containers into and out of port facilities. A Brief Shipping Container History.