Shipping & Logistics

Almost every operation in the transportation and logistics ecosystem is being disrupted by technological innovation and digitization, including shipment techniques, content and cargo management, and supporting administration functions like documentation and payments.

Singapore is a significant worldwide maritime centre and a premier maritime port. Singapore offers a broad range of maritime tax benefits to enable shipping companies expand their operations locally and regionally, resulting in significant tax savings. Companies in the transportation and logistics industry have considerable hurdles in capturing and collecting all of the revenue due to them. Bluebox’s management systems and KPIs prohibit service delivery at low-margin price points and prevent sales teams from getting commissions on underperforming sales.

Challenges in shipping and Logistics:

The transportation and logistics business continues to develop at a faster rate than the rest of the economy, because to globalisation, lower trade barriers, and a more mobile workforce. Transportation businesses and logistics service providers are becoming masters of their supply chains, both forward and backward, by expanding their service offerings both upstream and downstream.

The dynamic industry is being reshaped via acquisitions, joint ventures, and partnerships. New company strategies and processes are necessary under these circumstances.

Challenges are:

  • Increasing revenue
  • Meeting the standards of international financial reporting standards
  • Tax risk management
  • Controlling and preventing fraud
  • Mergers and acquisitions as a tool for industry reorganisation
  • Emerging market investment opportunities
  • Transportation infrastructure financing and public-private partnership

Excellent Connectivity and World-Class Logistics Infrastructure

Singapore has excellent transportation connections. For multimodal transshipment, it boasts dense marine and road networks, as well as seamless intermodal connection between one of the world’s busiest seaports and airports. PSA terminals, the world’s second-largest container port and busiest transshipment centre, are less than an hour’s drive from the airport, with connections to over 600 ports. In the nation, PSA operates four container ports, one multi-purpose terminal, and one car transshipment facility. PSA also features a massive shipping line network of 200 lines that connects 123 countries with ships at a frequency of 60 times every day .
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