Creating next-gen supply chain: Toll Group launches S$20 million Global Innovation Centre in Tuas
Leading supply chain and logistics company Toll Group launched the global Toll Innovation Centre in Tuas on Oct 28 (Friday), with an investment of S$20 million over the next five years.
For over 130 years, Toll Group has been solving shipping, transport, and supply chain challenges. It employs 20,000 people in 500 sites all over the world, operating a forwarding network spanning 150 countries that supports over 20,000 clients.
Its Toll Innovation Centre in Singapore “brings together business, leading startups, and academia to foster collaboration and innovation in supply chain,” the firm says.
Minister for Trade and Industry Gan Kim Yong was the Guest of Honour at the launch in Tuas. Hon William Hodgman, the Australian High Commissioner to Singapore, and Ms Poh Li San, Member of Parliament for Sembawang GRC and Deputy Chair of the Government Parliamentary Committee for Sustainability and the Environment were also in attendance.
Several local startups developing technologies that can be leveraged in supply chain innovation also attended the event, including Botsync, xSquare, Hand Plus, Cosmiqo, Viatick, Trames, Calista and CO2 Connect.
Toll Group says that these companies are working closely with the Singapore Economic Development Board and Enterprise Singapore.
Here are the four key areas of the Toll Innovation Centre: the Kinetic Exploration Garage, the Digital Experience Centre, the Innovation and Collaboration Zone, and the Visionary Lab.
“The global events we’ve witnessed over the past two years have shone a spotlight on the importance of the logistics industry. The Toll Innovation Centre will bring together businesses, industry groups, and research institutions to create new solutions to advance our supply chain. Together, we will share ideas and scale up new products and solutions to create a more resilient, adaptable, and sustainable supply chain that will benefit business and the community,” said Mr Alan Beacham, Group Managing Director, Toll Group.
Junie Fo, the Vice President, Commercial & Professional Services at the Singapore Economic Development Board, called the Toll Innovation Centre “a welcome addition to our growing ecosystem of global and regional innovation hubs by leading logistics companies.
Developing more productive and sustainable supply chain solutions will strengthen Singapore’s role as a critical node in global supply chains and create good job opportunities for Singaporeans. Toll’s collaboration with local companies and startups will help them acquire new capabilities and position Singapore as a world-class logistics hub in Asia.”
/TISG
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