PSA International (PSA) and the National University of Singapore (NUS) have announced the establishment of the PSA-NUS Supply Chain Living Lab.
Recognizing the increasing demand for integrated solutions that go beyond traditional port container handling, PSA has broadened its scope as a global port operator to include services across the broader supply chain. To support this initiative, PSA has committed up to US$10 million in funding.
The PSA-NUS Supply Chain Living Lab aims to bridge industry and academic expertise to tackle key supply chain challenges. It will serve as a collaborative sandbox for developing innovative, community-focused solutions for supply chain optimization in partnership with industry stakeholders. The Lab’s efforts will centre on improving agility, resilience, and sustainability in supply chain operations on both a regional and global scale.
“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,” commented Ong Kim Pong, Group CEO of PSA International.
Furthermore, this initiative builds on PSA’s strategic development plans, including the recently commenced construction of the PSA Supply Chain Hub (PSCH). The cutting-edge PSCH, an integral component of the Tuas Port Ecosystem in Singapore, is set to be completed by 2027. It will enhance connectivity and create synergies within Singapore’s robust supply chain network, supporting seamless integration and innovation in the logistics sector.
“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,” commented Professor Tan Eng Chye, NUS President.
