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LSCMS Blog

Blog for updates and happenings in logistics in the Asia-Pacific region

January 17, 2015

Southeast Asia Punches Above its Weight in Global Connectedness, DHL Study Reveals

Filed under: Logistics,News,Newsletter,Singapore — admin @ 11:17 am

Southeast_AsiaDHL, the global logistics leader, has released the third edition of its Global Connectedness Index (GCI) revealing a recovery in global connectedness to pre-financial crisis levels and ranking five Southeast Asian economies – Malaysia, Vietnam, Cambodia, Hong Kong SAR, and Singapore – as top global connectedness outperformers relative to their size and levels of economic development.

Singapore ranks third most connected economy in the world – only non-European country in the top 10.

Five Southeast Asian economies – Malaysia, Vietnam, Cambodia, Hong Kong SAR, and Singapore – stand out for their high depth scores relative to the structural characteristics of their size and level of economic development. The GCI notes that countries in this region have particularly high trade pillar scores reflecting their integration into cross-country supply chains as well as national policies that have boosted their depth scores. The performance of Cambodia and Vietnam are particularly striking as both are lower middle-income countries.

[Read more… Curated from Yahoo Finance]

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September 24, 2014

CEO Series

Filed under: Events,General,Logistics,Newsletter,Singapore,Study & Reference — admin @ 11:44 pm

CEO_Series_2Session1The first session of the LogiSYM CEO Series was held at Hard Rock Cafe Singapore on Thursday the 18th of October.

The aim of this series is to make senior decision makers and CEOs within organisations aware of the opportunities for profit maximisation through leveraging of value within their supply chains, creating a more balanced business model that allows for growth.

Set in a cosy atmosphere to encourage informality and an exchange of thoughts and ideas,the first session was led by Mr. Joe Lombardo, Advisory Board Member of the Logistics & Supply Chain Management Society.

The 40 minute presentation was followed by a very lively and active debate that continued even after the event had officially ended. The first of such sessions in the lead up to LogiSYM 2015,

The event was successful in reaching out to a wider audience and a special note of thanks must go out to our sponsors Lazada, Logistics Executive and Oliver Wight for making these sessions possible.

For more information on attending or sponsoring the event, please visit our website at www.logisym.com or contact the Secretariat at elee@lscms.org.

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August 26, 2014

LSCMS launches “aggregator” site for Supply Chain and Logistics

LSCMS has launched another great resource for keeping up on today’s manufacturing and supply chain news: Supply Chain Brief.

Launched by The Logistics and Supply Chain Management Society in August, Supply Chain Brief is a new site that was launched to bring together content from the best bloggers and thought-leaders in supply chain management, operations, logistics, and warehousing from all over the world.

Supply Chain Brief is an “aggregator” or “hub” site, so it allows readers to search for articles tailored to the specific topics you seek. This way you can easily find stories that actually matter to you, and stay informed, so you are in the best position to help your business continue to succeed.

Readers can also elect to receive a daily or weekly message on topics that you select. Just click on the icon to visit the site!

supply_chain_brief

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Oil & Gas Procurement Excellence Forum 2014 – 7th – 9th October 2014

Filed under: Logistics,Singapore — admin @ 5:45 pm

The Oil & Gas Procurement Excellent Forum 2014 will be held on 7th – 9th October 2014 at Marina Bay Sands.

This will be a chance to hear from procurement managers from ConocoPhillips, Total E&P, Woodside Energy, Schlumberger, Halliburton, Murphy Oil and more!

The Oil & Gas Procurement Excellence Forum is the premier event of its kind and has been highly tailored for all procurement and supply chain professionals in the oil and gas industry.

Some of the benefits of attending:

• Hear first-hand insights from senior procurement managers on how to implement best-practice procurement strategies

• Learn how to mitigate supply chain risk across the exploration, development and production phases of major oil & gas projects

• Discover the latest trends in procurement collaboration and innovative technology solutions to improve your efficiency

• Develop strategies to improve and strengthen partner & supplier relationship management for oil & gas projects

• Gain insight into how the leading companies are training and structuring their procurement teams to ensure optimal outcomes

• Understand the key aspects that will turn your team into a high performing procurement organisation

For more information about the conference, or to register, please contact Quest Events on +61 (0)2 9977 0565 or visit http://www.questevents.com.au/content/oil-gas-procurement-excellence-forum-asia-2014

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May 26, 2014

Raffles joins LSCMS as Corporate Member

rafflesRaffles College of Higher Education, a subsidiary of Raffles Education Corporation Limited has recently joined the Logistics and Supply Chain Management Society. Raffles is the largest private education group in the Asia Pacific region and has an extensive network of 34 colleges in 31 cities across 12 countries in Asia Pacific: Australia, Cambodia, China, India, Indonesia, Malaysia, Mongolia, Philippines, Saudi Arabia, Singapore, Sri Lanka and Thailand.

Raffles will be launching a new course on Supply Chain and Logistics and will be collaborating with the Society in a number of ways such as inviting industry professionals to conduct talks, workshops and seminars for Raffles students. Industrial attachments with the relevant industry players, site visits, and networking opportunities with LSCMS’ extensive network of organisations and individuals are also some of the things that can be coordinated to enhance students’ career advancement.

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May 17, 2014

Benefits of On-Line Learning

Logisticians occasionally write to us to enquire about courses and training. We are more than happy to assist with this.

More and more we are getting questions about on-line courses. Given the exponential growth of on-line learning over the last decade and the amazing growth of MOCC’s like Coursera on-line education is now a widely accepted mode of learning.

In many countries, access to good, recognised, quality education and training is not always accessible or available. On-line learning helps overcome this. Also, on-line learning can be just as challenging – maybe even more so – than conventional classroom learning.

Additionally, there are several benefits of on-line learning that will help you acquire valuable career skills that you will not get from any textbook. These skills are essential to succeed in the workforce; they are also skills that traditional classroom students often will not develop until long after they have graduated – if ever.

In many countries today, having a paper qualification is fairly common. The individual with the soft or less tangible skills like high EQ is what employers are looking for.

The following are just 4 benefits we see from on-line learning.

Benefit 1 — Self-Motivation: Traditional students are required to attend a class. They meet with an instructor on a regular basis. Instructors deliver lessons, answer questions, and help keep students on track.

In an on-line learning environment however, you rarely have a set class time. In progammes that do not incorporate on-line webinars and the like, it is unlikely that you will ever see your instructor face-to-face.

On the positive side, this allows for a flexible schedule but since there is no one there to make you show up and learn, you have to learn how to stay motivated. You have to hold yourself accountable. Self-motivation, once mastered, is an amazingly beneficial skill to possess in the real work world.

Benefit 2 — Communication: Being a highly motivated go-getter is terrific, but what good is that when you cannot convey your ideas to others? Being a good communicator will be highly valued wherever you work.

On-line learning is perfect for helping develop those communication skills. Because you do not get to sit next to your classmates on-line group projects and communication with your instructor is very common and carry their own unique communication challenges.

The primary way you will communicate with them will be through written assignments, e-mails, and posts. To them, you are essentially just “words” on a screen or someone they will see on-line for just a few minutes. Communication therefore has to be clear and succinct. Your communication skills have to be sharp. You want every message, every paper you submit, to communicate your thoughts as clearly as possible. Simple written misunderstandings can lead to bad grades. On-line learning teaches you to communicate well and often.

Benefit 3 — Organization & Time Management: It does not matter how motivated and eloquent you are if you cannot juggle your school work with the rest of your life. As an on-line student, you have to develop a time management plan and prioritise your coursework, otherwise you can easily get left behind.

How much time will you have each day to study? How can you make the most of that time? Will you be able to be more productive during the morning or evening? How many classes will you be able to take at once and still stay sane? You have to ask yourself questions about time management from the beginning, and constantly re-evaluate your time use as your tasks and priorities change.

Benefit 4 — Adaptability: Regardless of how well you plan and prioritize, there is always the chance that something unexpected will happen. You must be able to adapt quickly whether it is a  crashed computer, loss of internet connection, or something else.

In a nutshell, employers today are looking for individuals with these four highly beneficial skills:

  • self-motivation
  • communication
  • time management
  • adaptability

On-line learning students must acquire these same four skills in order to successfully complete an on-line course. Regardless of the programme you choose, the benefits of on-line learning will help you build career strengths that will pay off daily in the real world of work.

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April 4, 2014

AED Readiness Seminar

Filed under: Logistics,Newsletter,Resources,Singapore — admin @ 10:59 am
Singapore Customs: Avoiding Financial Penalties and Delays with Advance Export Declaration (AED)

Key Takeaways

 

A step-by-step approach to ensuring exporting processes and procedures are robust and capable of taking the organization into the era of AED.

  • Get up to speed on the new Singapore Customs rules.
  • Understand the implementation timelines and penalties.
  • Perform a health check on export processes and procedures.
  • Obtain practical compliance advice and implementation ideas.
  • Take advantage of the latest customs processing technology to avoid costly inspections, delays, and financial penalties.

Who Should Attend

This Half Day Seminar is highly valuable for:

  • Directors and Senior Managers of organisations which export goods from Singapore
  • Line Managers with MNC and SME manufacturers, traders, distributors as well as forwarders, logistics companies, and other organisations exporting on behalf of clients
  • Line Managers, Team Managements and Department heads, Consultants and trainers who are involved with export of goods.

Register today to avoid disappointment; all registrations are processed on a first-come, first-served basis.

Speaker and Facilitator

 

Neil Johnson is the CEO of Mangrove Holdings, an investor in and advisor to organisations in the shipping, logistics and transportation sectors. Through his involvement as either board director or investor in a range of businesses, including air and ocean carriers, fourth party logistics, customs and freight forwarding, he has built substantial practical experience in the sector. Neil was a founding director and investor of TNETS and Chairs the Shipping Transport and Logistics Group of the British Chamber of Commerce in Singapore.

 

 

KEY TOPICS

  • General Information on AED
  • Scope of the new rules
  • List of fields affected
  • Exemptions
  • Penalties and delays
  • AED Roadmap to Success
  • FAQ & Contact Us
  • Other Useful Resources
 

Sponsor

was established in 2004 and has grown rapidly over the years to become the leading back end BPO for the logistics industry, and now operates the largest and most professional customs declaration business in Singapore.

 

TNETS unique service offering brings together the most skilled, professional and dedicated processing personnel together with TNETS v4.1, the latest and most efficient Singapore Customs approved declaration platform.

 

When it comes to customs permit declarations, TNETS Integrated Solution is the ONLY offering which brings together highly skilled declarations personnel AND the newest and most efficient declaration software on the market.

 

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LogiSYM2014 a resounding success!

Filed under: Economics,Education,Events,General,Logistics,Newsletter,Singapore — admin @ 7:58 am

LogiSYM is the region’s first Supply Chain Symposium and Summit, focussed on bridging concepts, practice and technology in Supply Chain management, to real world implementation and benefits that result in increased Supply Chain pipeline velocity, profitability and performance. The symposium was held last in Singapore on the 26th & 27th of March at the National University of Singapore.

Coupling Supply Chain practice with input from specialist academics from the region, the event was a resounding success with more than 250 attendees from Singapore and the region. It has established itself as a platform for mid to senior level Logisticians from all areas of our very dynamic profession to share real solutions, network, develop and learn new skills that they can apply.

Supported by major Supply Chain companies like Toll and DHL, participants of the event have asked the organisers to keep the momentum going by arranging a number of smaller activities throughout the year until the next symposium.

A few members of the Organising Committee

A few members of the Organising Committee

For more pictures and information on LogiSYM, visit www.logisym.com

 

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February 4, 2014

Compulsory Advance Export Declaration for Non-Document Shipments

Filed under: General,Logistics,Newsletter,Resources,Singapore — admin @ 3:58 am

20140207-153833.jpgAs of 1 April 2013, Singapore Customs requires each non-document shipment to be accompanied with an Advance Export Declaration (AED).

The purpose of this regulation is to help boost Singapore’s standing as a secure and globally trusted trading hub.

The AED must be submitted to Singapore Customs before a shipment can take place. It is in the interest of the shipper to ensure that all the information required in the declaration be fully furnished so as to avert any delay due to non-compliance. There are  a number of questions in the AED such as:

  • Country of final destination
  • Country of origin by item
  • Sender’s Company Name
  • Item Description
  • Singapore HS Codes
  • Total FOB value of goods and currency
  • Item net weight (kg)
  • Item Quantity
  • Consignment Number
  • Receiver’s company name
  • Total gross weight (kg)
  • Total packages
  • Senders Full Address
  • Receivers Full Address
  • Delivery company full details

Air and sea shipments valued at under SGD1000 are exempted from the AED. Documents or goods that are exempted from permit requirements such as personal effects. Shippers should also note that the regulations governing exports to sanctioned countries and of strategic goods are not affected by the introduction of the AED.

Singapore Customs has provided a grace period of up to 30th September 2014 for companies to integrate the AED into their Supply Chain processes

More infromation about the AED can be founbd at the Singapore Customs website at www.customs.gov.sg

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January 21, 2014

Singapore Tops Business-friendly Country Ranking for 8 years in a Row

Filed under: Economics,Logistics,Newsletter,Singapore — admin @ 7:43 pm

20140121-194614.jpgThe World Bank’s Doing Business 2014 Report has named Singapore as the best country to do business in. Singapore has topped the report’s overall ‘Ease of Doing Business’ ranking every year since 2007.

Singapore topped the global ranking on the ease of doing business. Joining it on the list of the top 10 economies with the most business-friendly regulatory environments are Hong Kong SAR, China; New Zealand; the United States; Denmark; Malaysia; the Republic of Korea; Georgia; Norway; and the United Kingdom.

Download the full report here >>

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