I. INTRODUCTION
LOGISTICS has been an important part of every
economy and every business entity. Logistics cost
average about 12% of the World’s GDP [1]. In Singapore,
logistics cost accounts for about 11% of its GDP [2]. The
worldwide trend in globalization has led many companies
to outsource their logistics function to Third Party
Logistics (3PL) companies, so as to focus on their core
competencies. In a recent study [3] conducted by Cap
Gemini Ernst & Young US LLC, Georgia Tech and Fedex,
involving 400 representatives from North America,
Western Europe and Asia Pacific, it is concluded that
logistics outsourcing remains a growing business globally.
On a smaller scale, Bhatnagar, Sohal and Millen [4]
reported that the need for logistics outsourcing is also
increasing in Singapore.
I. INTRODUCTION
LOGISTICS has been an important part of every
economy and every business entity. Logistics cost
average about 12% of the World’s GDP [1]. In Singapore,
logistics cost accounts for about 11% of its GDP [2]. The
worldwide trend in globalization has led many companies
to outsource their logistics function to Third Party
Logistics (3PL) companies, so as to focus on their core
competencies. In a recent study [3] conducted by Cap
Gemini Ernst & Young US LLC, Georgia Tech and Fedex,
involving 400 representatives from North America,
Western Europe and Asia Pacific, it is concluded that
logistics outsourcing remains a growing business globally.
On a smaller scale, Bhatnagar, Sohal and Millen [4]
reported that the need for logistics outsourcing is also
increasing in Singapore.
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