A new online logistics service targeting shippers, consignees, logistics providers, forwarders, shipping lines, airlines and e-commerce communities has opened in Singapore.
The site (www.d2dlogistics.com) allows members to track orders and shipments, fulfill logistics requirements and make payments. It also offers a suite of transport and logistics options.''d2dLogistics is a neutral and niche player that provides secured infrastructure with a complete suite of logistics solutions. We know the needs and have the know-how to e-enable current and new business opportunities,'' said a spokesman for IPACS e-Solutions (S) Pte. Ltd., the company behind the site.
Membership costs S$1,200 (US$700) a year and there are fees for some of the services.
The Singapore government, for years among the most nimble in adopting new technology, is pushing to make the island a regional hub for e-commerce.
The Trade Development Board and Infocomm Development Authority are working together to attract what's seen as a critical mass of transport and logistics sites to Singapore. It already has a well-developed and interconnected electronic trading structure, including banks, shipping lines and others in the supply chain.
The Economic Development Board estimates Singapore attracted US$190 million in investment by logistics interests last year, up 6 percent from 1998.
''We have a target that by 2010 manufacturing logistics will be 4 percent to 5 percent of GDP and exportable services 15 percent of GDP,'' said Tan Chek Ming, director of the board's services development unit.
The government hopes US$2 billion worth of products and services will be transacted electronically through Singapore and half of all its businesses using some form of e-commerce by 2003.