A blueprint to transform the logistics industry — by tapping on technology and through co-location of small and medium enterprises (SMEs) in state-of-the-art facilities, among other initiatives — will add 2,000 new jobs for PMETS (professionals, managers, executives and technicians) by 2020.
The latest industry transformation map (ITM) under a national programme, which was first announced in Budget earlier this year, was launched on Wednesday (Nov 16) by Minister for Trade and Industry (Industry) S Iswaran at the groundbreaking ceremony for JTC Logistics Hub @ Gul.
The transformation of the logistics sector will also achieve a value-add of S$8.3 billion for the economy over the next four to five years. “The logistics ITM will support enterprise level efforts to transform and grow through productivity and innovation. It aims to nurture a strong Singaporean core through talent development. This in turn will help our companies, in particular the SMEs, to scale up and internationalise. Our trade associations will be keenly involved as change agents to help amplify the reach and impact of the ITM,” Mr Iswaran said.
Some of the initiatives include directly supporting companies to tap on suitable process methodologies and technologies. For the SMEs, the Government will invest in next generation facilities that encourage the co-location of companies. More skilled jobs will be created in the logistics workforce. Through a logistics professional conversion programme conducted by Workforce Singapore, the Government aims to help people make a smooth switch mid-career into the industry. Workforce Singapore will also help workers already in the industry to acquire niche and emerging skills.
Last year, the transportation and storage sector, which includes logistics, contributed 7.4 per cent to Singapore’s gross domestic product and employed over 230,000 workers.