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Square Now ITAP and LogiSYM Singapore with Cello Square

Registration dateOCT 26, 2023

The Industrial Transformation Asia Pacific and Logistics Symposium brings together leaders from the supply chain industry to discuss emerging trends and explore technological breakthroughs. The event creates opportunities for collaboration between innovators, industry leaders and decision makers to revolutionize the supply chain industry. 


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From the 18th to 20th of Oct, Samsung SDS showcased Cello Square to a community of professionals in the supply chain industry and participated in the panel discussion on the 20th. Vice President Kim Dong Kyun was involved in the round table session, on the role of digital forwarding and how the role of digitisation will affect the supply chain industry. 


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The supply chain sector in Singapore plays a pivotal role in its robust economy. Positioned strategically at the convergence of key global trade routes, Singapore has solidified its reputation as a global hub for logistics and supply chain management. In 2020, the supply chain industry contributed significantly to the country's economy, representing approximately 7.7% of its GDP, totaling SGD 17.3 billion. According to the World Bank, Singapore ranks second globally for logistics performance, reflecting its exceptional efficiency and well-developed infrastructure. The city-state's supply chain success is further bolstered by its highly skilled workforce, strong emphasis on innovation, and unwavering commitment to sustainability.


Supply chain digitization in Singapore is steadily gaining prominence. As a pivotal global logistics and trade hub, Singapore aptly acknowledges the critical role of digitization in streamlining supply chain operations. As companies increasingly emphasize supply chain digitization, this becomes a strategic priority to maintain competitiveness and adapt to ever-evolving market dynamics. Singapore remains a fertile ground for businesses to embrace state-of-the-art digital solutions, offering a dynamic ecosystem where technology can be thoughtfully applied to navigate the intricacies of modern supply chain management, thereby enhancing global competitiveness.


Despite the significant potential of digital transformation, many businesses have been slow in its adoption. This hesitation is often due to extended implementation periods, causing companies to suspend their digital initiatives and inevitably redirect resources. It subsequently leads to less-than-ideal outcomes and reduced returns on their digital investments. In addition, for numerous organizations, logistics is still regarded as a cost center, and they may not fully appreciate the pressing need for digital transformation and its capacity to optimize their overall business operations. 


As digital systems evolve in intricacy, there's an increased necessity for dependable digital touchpoints. To attain this, businesses need to centralize various aspects of their supply chain to enable a comprehensive and detailed view of their processes. Hence, it becomes vital for companies to engage with reputable digital logistics providers. This partnership streamlines implementation, reduces upfront costs, and allows them to harness the benefits of digitizing their operations.



About Cello Square

Cello Square is a digital freight forwarding service, developed by Samsung SDS. The platform provides end-to-end visibility, optimal routing of logistics transport with a simple booking process. Features range from real-time quotations, chat functions to dashboards reflecting operation insights. Cello Square is used by leading companies from various industries, to optimise supply chain stages and enhance system capability.


Samsung SDS is a provider of Digital Logistic Services, establishing strong logistical capabilities across the world. Our global network spans across 36 countries with 53 international branches. We provide comprehensive IT –enabled services optimized to respective areas of Global Logistics, reliably handling the world’s 10th largest volume of air and ocean cargo. Speak with us today to optimize a solution for your business.

 

If you are involved in the supply chain industry and interested in digitising your operations,

Schedule a Demo with us today: https://www.cello-square.com/sg-en/contact.do

 

Alternatively email us at: cellosquare.sg@samsung.com