PSA International (PSA) and the National University of Singapore (NUS) have established the PSA-NUS Supply Chain Living Lab, set up as a collective effort to address the shifting demands of the global supply chain. As part of its thrust towards diversifying beyond the traditional port operations, the company is investing as much as S$10 million in support of the Lab. This association will bring together the best of academics and industry groups to solve critical problems in supply chain management. The Living Lab provides an experimental environment through novel, community-oriented solutions that will enhance the agility, resilience, and sustainability of supply chains for both regional and global operations.
Mr Ong Kim Pong, Group CEO of PSA International, said, "As we navigate the rapidly evolving landscape of global trade, it has become essential for PSA Group to continually adapt and refine our business strategy. We will continue to look for new areas of expansion whilst enhancing our presence in key locations, and connecting these strategic nodes to form a cohesive and integrated network across the globe. This collaboration with NUS also marks a significant step in our journey towards strengthening PSA’s position as a leading global port operator and supply chain services provider, capable of delivering supply chain efficiency and resilience across the world”.
Professor Tan Eng Chye, NUS President, said, “The establishment of the PSA-NUS Supply Chain Living Lab marks a significant milestone in our collaborative efforts to advance supply chain innovation. This initiative exemplifies the synergy between academia and industry, leveraging our combined strengths to address complex challenges such as optimising logistical efficiency, enhancing data-driven decision-making, and integrating sustainable practices across supply chain operations. By fostering a dynamic ecosystem for research and development, we aim to drive transformative solutions that enhance the resilience and efficiency of supply chain operations, ultimately benefitting communities and economies worldwide”.
The launch of the Supply Chain Living Lab follows the latest groundbreaking of the upcoming PSA Supply Chain Hub (PSCH), which is an essential part of PSA’s strategic expansion of Singapore’s Tuas Port Ecosystem. The state-of-the-art PSCH facility is scheduled to be ready by 2027 and will seamlessly integrate with Singapore’s extensive supply chain ecosystem, offering unmatched connectivity and supply chain synergies.
