A new technology-based platform to optimise the exchange of information across the logistics supply chain has been launched in Singapore.
TRIP (Transport Integrated Platform) will enable shipping lines, container depots, cargo owners, port authorities and freight forwarders to have end-to-end visibility of cargo movements. This is the latest in a series of initiatives developed by Singaporean authorities to stay one step ahead of the curve and maintain Singapore as a world-class logistics hub.
25 trucking companies will be piloting TRIP, developed by the Container Depot and Logistics Association (Singapore) (CDAS), which will aim to reduce costs and waiting times by up to 30 percent. Some of the areas to be targeted include inefficient job despatching and job completion.
TRIP is supported by SPRING Singapore, an agency under the Ministry of Trade and Industry, responsible for helping Singapore enterprises grow. TRIP is also available in Australia, supported by Containerchain.
During the Logistics Industry Transformation Map (ITM) launch it was noted that trucking productivity for the land transportation sector was lagging and exhibited slow growth, according to a spokesperson for SPRING. The TRIP project is aligned to Logistics ITM’s strategies of uplifting the capability of the land transportation sector by improving trucking productivity.
Currently, communications between different players is hampered by existing manual processes using disparate legacy systems, leading to inefficiencies and additional costs, added the spokesperson.
SPRING added, “By creating end-to-end visibility of cargo movement, logistics companies will be able to maintain the integrity and accuracy of data, and achieve greater efficiency. TRIP serves as a common, interoperable platform; allowing existing industry systems to work in tandem.”
“Over the last decade, the CDAS has worked closely with our Government agencies and industry partners to uplift our logistics industry, particularly in areas of digitalisation. The Association is committed to continue its technology journey to help the sector remain agile and competitive”, said Peter Ho, President of the CDAS.
“Industry players need to work together to build a collaborative ecosystem through the automation of work processes. This will allow information sharing and seamless communication, to improve end-to-end supply chain visibility, driving greater efficiency and cost savings for all,” he added.
Future developments for the platform include creating a secure digital infrastructure to support block chain technology, e-payment and e-invoicing solutions.
“The Logistics Alliance has proven that collectively, our trade associations can do so much more to drive high-impact upgrading for small and medium-sized enterprises. We hope to see more partners stepping forth to lead initiatives similar to TRIP as we work together to establish Singapore as a global logistics hub,” said Kee Ai Nah, Group Director, Industry and Enterprise, SPRING Singapore.
The Logistics Alliance comprises the Singapore Logistics Association, Container Deport and Logistics Association (Singapore), SAAA@Singapore (formerly known as the Singapore Aircargo Agents Association) and the Singapore Transport Association.
In 2016, the logistics sector industry in Singapore employed more than 200,000 workers and accounts for some 7 percent of Singapore’s GDP. The Singapore Government is aiming for the logistics sector to generate a value add of S$8.3b and 2,000 new jobs by 2020. Government agencies in Singapore will scale up TRIP for mass adoption within on a wider scale across industry if the 1-year pilot proves successful.