The German Singapore Business Forum, now in its 28th year, aims to promote partnerships between Singapore SMEs and German Mittelstand. It also acts as a platform for local and German enterprises to learn from one another and connect with each other. Building resilient and robust supply networks have become crucial for organisations as a result of the recent spate of supply chain disruptions around the world. Organisations took steps to diversify their suppliers and moved toward close-to-market production, which were hastened by the pandemic.
Enterprise Singapore invited Pacific Logistics Group to speak at this year's German Singapore Business Forum Connect. Our Group Development Director, Anthony Lee shared insights on how Southeast Asia, especially Singapore, will be crucial in developing a resilient supply chain, particularly for organisations seeking to expand their Asian footprint. He also noted that more foreign companies are making use of the Euro-Asia rail services to distribute their goods in Asia.
As regional connectivity and the development of supporting infrastructure continues to accelerate, Singapore and Southeast Asia are well-poised to play a significant role in the global supply chain. The Southeast Asian market is home to the fifth-largest economy in the world and is expected to become the fourth-largest by 2030, as economies and borders start to open and with the introduction of the Regional Comprehensive Economic Partnership (RCEP). PLG's freight forwarding expertise and comprehensive solutions, which include (but are not limited to) bonded warehouses and packing solutions make it an ideal transhipment logistics partner for organisations looking to establish regional distribution centres to maximise regional operational efficiency and cost-effectiveness.
PLG appreciates this opportunity given by Enterprise Singapore to showcase what Singapore and PLG have to offer on a global stage and will continue to participate in such initiatives to support our local companies in their journey to grow and tap global opportunities.