Kuwait-based Agility has acquired a 177,000-square-foot warehouse near the Changi International Airport, upping its Singapore warehouse space to 600,000 square feet. The acquisition is the company\u2019s fifth warehouse in the country, as Singapore expands and upgrades its port and airport infrastructure to strengthen its position as a global logistics powerhouse and one of Asia\u2019s top e-commerce markets.
\nAgility says the expansion will allow it to offer more services, including automated quality inspections, a container-management e-system, a large-scale recycling program for packing materials and enhanced warehouse management systems, along with regional data back-up and business-continuity features. Increased warehouse space also will allow Agility to enhance its testing, assembly, configuring, labelling and packing.
\nMykell Lee, CEO of Agility\u2019s Singapore office, said the US$18.25 million investment underscores the company\u2019s belief in Singapore\u2019s centrality to the world\u2019s transportation and shipping. Airfreight throughput at Changi increased by 6.3 percent in 2016, compared to 2015, to a new high of 1.97 million tonnes.
\nAirfreight throughput at Changi grew across imports, exports and trans-shipments. Perishables and pharmaceuticals performed especially well. The top five global markets for airfreight traffic were China, Australia, Hong Kong, the United States and India.
\n\u201cIn an expensive market like Singapore, customers want service innovation,\u201d Lee said. \u201cFor our fashion and retail customers, for example, we\u2019re also the ones tagging goods with price and security labels, managing reverse logistics, promotions, and warehouse and atrium sales.\u201d
\nThose interested in learning more about airfreight in 2017, should join us at Cargo Facts Asia in Shanghai, 25 \u2013 26 April. \u00a0To register, or for more information, go to\u00a0CargoFactsAsia.com
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\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
Kuwait-based Agility has acquired a 177,000-square-foot warehouse near the Changi International Airport, upping its Singapore warehouse space to 600,000 square feet. The acquisition is the company\u2019s fifth warehouse in the country, as Singapore expands and upgrades its port and airport infrastructure to strengthen its position as a global logistics powerhouse and one of Asia\u2019s top[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":2333,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-2332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts\/2332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/comments?post=2332"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts\/2332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/media\/2333"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/media?parent=2332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/categories?post=2332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/tags?post=2332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}