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Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...
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In 2004 it bought out the UK based CJ Components – an automotive component sourcing company. The company pursued further acquisitions across Europe, the UK, the USA, Singapore and Australia. In 2009, TVS LSL acquired Multipart Holding, [5] which is among the top three after market logistics companies in UK. [6]
Singapore Post Novena Post Office. SingPost has made several acquisitions to strengthen and grow its business. In 2009, it acquired the remaining 50% stake in G3 Worldwide Aspac (G3AP), [14] thereby giving the company presence in 10 countries (including Singapore). It also raised its stake in Malaysian Logistics company GDEX to 27% in 2011. [15]
The company's warehouses serve logistics service providers, manufacturers, retailers and e-commerce companies such as Amazon and JD.com. [2] [3] In 2010, GLP became a public company listed on the Singapore Exchange. [4] It raised $2.7 billion in its initial public offering, making it Singapore's largest IPO since 1993. [5]
As of June last year, Singapore had 197,300 foreigners on employment passes out of a total foreign workforce of about 1.5 million. The country has a population of 5.9 million.
The firm runs on a hub-and-spoke model, compared to other companies like GOGOX and Lalamove that use a point-to-point model. [4] In 2019, it delivered an average of one million parcels a day around the ASEAN region. [5] During the COVID-19 pandemic in Singapore in 2020, Ninja Van saw a three-fold increase in parcel volume in Singapore. [6]
Pan Asia Logistics was founded in Singapore by the German-born Christian Bischoff and the Singaporean Susan Tan. [4] [5] Having previous experience at the German logistics company DB Schenker and Thyssen Haniel, Christian Bischoff started Pan Asia Logistics’ operations in February 2003 and achieved with 50 employees a revenue of $20 million by the end of the year.