Logistics firms, workers to benefit from enhanced plan to boost sector's digital transformation

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Logistics firms, workers to benefit from enhanced plan to boost sector's digital transformation
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SINGAPORE - About 86,300 workers in the logistics sector are expected to benefit from a enhanced industry digital plan that will help small and medium-sized enterprises (SMEs) tailor training programmes to meet workers' needs in various job roles.. Read more at straitstimes.com.

SINGAPORE - About 86,300 workers in the logistics sector are expected to benefit from a enhanced industry digital plan that will help small and medium-sized enterprises tailor training programmes to meet workers' needs in various job roles.

This latest plan, which builds on an earlier one launched in 2017 to help logistics firms build their digital capabilities, was launched by Minister of State for Trade and Industry Low Yen Ling on Friday . More than 40 per cent of these firms have also gained new insights in operations and asset utilisation, she added.

IM Holdings is among the SMEs that have gained from digitalisation efforts. For instance, a warehouse management system has helped it improve inventory accuracy by 40 per cent and reduce over-stock or out-of-stock situations. The company puts aside about 15 to 20 per cent of its profits for digitalisation and improvement efforts.

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