“That said, Singapore has enjoyed extraordinary success in this respect, over the past few decades,” the team says.
RHB Group Research has described Singapore’s logistics sector to be in a “sweet spot,” as demand for logistics services rises in the region.
The research team has pointed out that as the demand for such services rose, the governments of Indonesia, Malaysia, Singapore and Thailand have embarked on strategies to encourage the sector in their own countries to move up the value chain.
