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  November 26th, 2024 | Written by

PSA and NUS Partner to Drive Sustainable Supply Chain Innovation

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PSA International (PSA) and the National University of Singapore (NUS) have unveiled the PSA-NUS Supply Chain Living Lab, a collaborative initiative aimed at addressing critical supply chain challenges through innovation and sustainability. Supported by PSA with up to S$10 million in funding, the Lab will focus on enhancing supply chain agility, resilience, and sustainability on both regional and global scales.

Read also: PSA Singapore Boosts Capabilities to Tackle Global Supply Chain Disruptions

The Supply Chain Living Lab will serve as a testing ground for developing community-centric solutions in partnership with industry stakeholders. By leveraging academic expertise and industry insights, the initiative aims to foster transformative innovations that optimize logistics, advance data-driven decision-making, and promote sustainable practices in supply chain operations.

“As global trade evolves, PSA Group remains committed to refining its strategy and expanding its influence across the supply chain spectrum,” said Ong Kim Pong, Group CEO of PSA International. “This collaboration with NUS marks a crucial step toward strengthening PSA’s position as a global leader in both port operations and supply chain services.”

NUS President Professor Tan Eng Chye highlighted the importance of the initiative, stating, “The PSA-NUS Supply Chain Living Lab exemplifies the synergy between academia and industry. By fostering research and development, we aim to deliver innovative solutions that enhance the resilience and efficiency of supply chains, ultimately benefiting communities and economies worldwide.”

This partnership aligns with PSA’s broader strategic plans, including the development of the PSA Supply Chain Hub (PSCH) within the Tuas Port Ecosystem. Scheduled for completion in 2027, the PSCH facility will integrate seamlessly with Singapore’s supply chain network, enhancing connectivity and creating unparalleled synergies within the ecosystem.

The PSA-NUS Supply Chain Living Lab underscores a shared commitment to driving sustainable growth and operational excellence, paving the way for a more resilient and efficient global supply chain.