LF Logistics opened a one million square foot facility in Singapore on April 26, 2016. This nine-storey, multi-temperature facility counts as Singapore’s largest automated and customs bonded warehouse. It seeks to tap into the booming e-commerce industry and serve as a logistic hubs meeting the needs of retailers across Asia.
LF Logistics opens one million square foot logistics hub
Deputy Prime Minister Mr Tharman who was Guest of Honour at the launch said: "In a subdued global environment, ASEAN is making steady growth. As a consumer market, ASEAN in fact surpasses India in size, and is close to coastal China. This has significant prospects for a whole range of businesses catering to the ASEAN middle class, with consumer spending at US$1.2 trillion today, and estimated to keep growing as this group expands."
EDB Chairman Dr Beh Swan Gin also pointed to the burgeoning middle class in Southeast Asia as a key growth driver. In his quote, Dr Beh added that the new LF Logistics facility will “enable the company to harness Singapore’s strong base of supply chain expertise to build differentiating competencies in e-commerce and omni-channel logistics”.
- 26 April 2016