BUSINESSES in the logistics sector spent a total of $481 million last year creating 1,200 skilled jobs in Singapore, said the Economic Development Board.
Despite the recession, this was close to the $484 million businesses spent in 2008, when about 800 skilled jobs were created, including supply chain management planners, research engineers and managers said Mr Julian Ho, EDB's assistant managing director.
He was speaking on the release of a yearly review of the logistics sector at Raffles City Tower.
Mr Ho added that he expects companies to spend between $400 to $500 million this year.
Besides the traditional air and sea logistics hub services, Singapore is also growing as a freeport for secure storage of art and other valuables, and as a cold chain service provider, for the transport of cold perishables such as food and pharmaceutical drugs, Mr Ho said.
Sustainability along the supply chain is also becoming an increasingly important issue for companies, he added.
- The Straits Times
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