Warehousing accounts for 18% of the $12 trillion globally spent on logistics. Warehousing refers to the temporary storage of goods before they are distributed to the end user in the supply chain. The industry has evolved over the years from providing only storing goods to offering other value-added services such as picking and packing, sub-assembly, distribution center management, cross-docking, and fulfillment.
Interest in a more modern logistics space has been gaining momentum as businesses are facing far greater expectations around efficiency and performance. This is true in Singapore, especially due to the flourishing growth in eCommerce and the development of data-driven technologies. Many international players have set their regional headquarters in Singapore, as it is the leading global hub in Asia. Over the past 5 years, significant logistics firms have begun actively investing in and building integrated logistics facilities and multi-story warehouses to increase their operational efficiency and productivity. Moreover, logistics firms in Singapore are seizing the opportunity to carry out their technological and digital transformation to enhance the visibility of product flow and improve warehouse productivity.
Technologies like blockchain, Internet of Things, augmented reality, autonomous transportation, drone technologies, digital platforms, data analytics, robotics systems, and 3D printing are making significant inroads into warehousing. For instance, augmented reality can increase workforce productivity by up to 45% by providing the right information at the right place and right time inside a busy warehouse where workers pick or sort items. Similarly, aerial drones have proven to be 10x more efficient than humans in taking stock of inventory in a warehouse. Fully automated warehouses or living-sensing warehouses are not in the distant future, with many prominent global warehousing players integrating high levels of sensorization and automation into the warehouse. Supply chain technologies enable efficiency and inventory control, cost reduction and savings, and help maximize space. These technologies can provide more than 25% improvement in overall productivity, reduce safety stock by 15% to 30%, and improve space utilization by up to 40%.
The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders, predominantly in the Innovation index for this market are recognized as best practice recipient.
Industry Overview
Industry Overview (continued)
Industry Overview (continued)
The Frost Radar
Frost Radar—Description of Companies Plotted
DHL Supply Chain
CWT Pte Ltd
YCH Group
CEVA Logistics
Toll Group
Cogent Holdings Pte Ltd
Poh Tiong Choon Logistics
Keppel Logistics Pte Ltd
The Last Word—Key Takeaways
Legal Disclaimer
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Frost Radar—C2A
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Aliaa Mohd Nor |
| Industries | Transportation and Logistics |
| WIP Number | PABA-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9B01-A6,9674-A6,9694,9AF6-A6 |
Frost Radar for the Warehouse Services Provider Market in Singapore
A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines
18-Dec-2019
Asia Pacific
Frost Radar