PM Lee opens YCH’s hi-tech logistics hub as Government launches skills framework to grow sector, Economy News & Top Stories

SINGAPORE – A national skills framework that identifies jobs, career pathways and emerging skills required for the logistics sector was launched on Friday (Sept 22).

The joint effort by the Economic Development Board, Spring Singapore, SkillsFuture SG and Workforce Singapore will support the Government’s vision of adding 2,000 new PMET (professionals, managers, executives and technicians) jobs in the logistics industry by 2020.

Speaking about the skills framework on Friday, Prime Minister Lee Hsien Loong said: “Logistics is an important and promising sector for Singapore. We have a well-connected airport and sea ports that enable logistics companies to serve the whole region efficiently from Singapore, notwithstanding the higher land and labour cost.

“The Government will play its part to attract, nurture and retain a strong Singaporean core of talent for the logistics industry.”

PM Lee was speaking at the opening ceremony of homegrown logistics firm YCH’s S$200 million flagship headquarters and warehouse facility, Supply Chain City, in the upcoming Jurong Innovation District in Jurong West.

YCH will test new technologies at Supply Chain City, such as autonomous vehicles and drones, augmented and virtual reality systems.

Mr Lee noted that YCH’s decision to invest in such a facility five years ago was a wise one: “Technology was rapidly disrupting the industry, with sensors, robotics and cloud computing changing the game.

“Instead of being daunted by the challenges, YCH took the opportunity to harness these innovations to upgrade, and stay a step ahead of their competitors. We hope to have more companies like YCH.”

Last year, logistics contributed more than 7 per cent to Singapore’s GDP (gross domestic product), and employed over 200,000 workers. YCH has a 800-strong workforce in Singapore.

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