Economic
Grayson Lak
assignment.docx1)Introduction
What is the logistic and supply chain sectors?
What does this sector mean to the Singapore economy?
2) Contribution of this sector to the national economy
Air cargo and air transport, sea cargo, warehousing, IT infrastructure and decision support system for logistic, transportation for logistic, security for logistic, quality on logistic…….
Example of contribution: Creating jobs, generating wealth, promoting trades etc.
3) Challenges facing by this sector in the present and future
Shortage of skilled and unskilled talent, dependency of regional or global economy, competition from other regional logistics hub, digital media revolution, cyber-crime, government regulation and deregulation, cultural change, terrorism, natural disaster…..
4) Strategic planning by this sector in the present and future
Training and education, government tax policies, innovation, digital participation project, security and regulation, global innovation……
5) Conclusion: the outlook of the logistic and supply chain sector in Singapore economic development.
6)Referencing
