YCH Launches Supply Chain City(R) to Lead Transformation of the Logistics and Supply Chain Industry
- The new S$200 million Asia Supply Chain icon located in the Jurong Innovation District creates new benchmarks in the supply chain & logistics industry, supporting Singapore's key growth areas, namely in urban solutions, smart logistics and robotics.
- With its unique LEARN(TM) Ecosystem, Supply Chain City gets Singapore future ready through innovation, skills creation and supply chain financing solutions.
SINGAPORE, Sept. 22, 2017 /PRNewswire/ -- Singapore's homegrown logistics giant, YCH Group launched Supply Chain City, Asia's nexus of supply chain excellence this morning. The ceremony was graced by Guest-Of-Honour Prime Minister Lee Hsien Loong. The Skills Framework for Logistics and several key manpower initiatives for the logistics sector were also launched at the event.
The ground-breaking ceremony took place in 2012 when DPM Tharman Shanmugaratnam reflected the vision for Supply Chain City to be "a mini Silicon Valley for logistics." Five years later, this vision has manifested into a 2 million square-foot equivalent state-of-the-art facility that serves as Asia's supply chain nerve centre. It aims to accelerate industry best practices, support Singapore's growth as a globally leading logistics hub and set new standards for supply chain excellence in Asia Pacific.
Located at the heart of the Jurong Innovation District, Supply Chain City features the world's first patented Fusionaris® (a fusion of an Automated and Storage Retrieval System with a fully ramped-up warehouse), along with inventory-counting drones and advanced robotics. The ASRS is the largest in the region, and the tallest at 50m height.
Through the proprietary LEARN ecosystem at Supply Chain City, YCH Group synergises various business activities to create a dynamic and vibrant community. This has already been kick-started by YCH Group with Y3 Technologies, Supply Chain and Logistics Academy (SCALA), Supply Chain Asia (SCA) and Supply Chain Angels (SCAngels).
"The LEARN Ecosystem, coupled with the advanced technology in Supply Chain City is key to enabling agile and scalable supply chains that create the competitive edge for our global enterprises today. Supply Chain City is the embodiment of infinite possibilities, demonstrating productivity through innovation to transform the supply chain and logistics industry in Singapore and beyond," said Dr Robert Yap, Executive Chairman of YCH Group.
Mr Max Heinemann, CEO of Heinemann Asia-Pacific noted that, "Since establishing Singapore as our regional hub in 2010, we have elevated the duty-free shopping experience in Asia. This is through the great support and market insights we have gained through our distribution business in partnership with YCH. We are proud to distribute from Supply Chain City, the hotspot for supply chain in Asia."
"YCH Group is one of our regional logistics partners. The launch of Supply Chain City demonstrates the harnessing of automation and digital technology to meet customers' needs as they expand in the region," said Mr Gan Seow Kee, Chairman and Managing Director of ExxonMobil Asia Pacific.
Supply Chain City is aligned with Singapore's Future Economy Council's aim of growing and transforming Singapore's economy, driving connectivity with the rest of the world while developing deep skills and strengthening capabilities of local enterprises. It also echoes the key recommendations of the Logistics Industry Transformation Map, to catalyse enterprise-level transformation through productivity and innovation.
"YCH's Supply Chain City is a good example of how a home-grown enterprise is creating an integrated facility and ecosystem to develop new technologies and deep expertise. For the past few decades, YCH has been a leader in innovation for our logistics sector, and has repeatedly transformed itself to compete internationally. SPRING hopes that, in the same way, more enterprises will step up to spearhead similar transformation efforts," said Mr Poon Hong Yuen, Chief Executive, SPRING Singapore.
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For the full release, please refer to http://www.ych.com/press-release/2017-09-22/