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Mr. Kavan Mukhtyar, Partner at Frost & Sullivan said that the awards seek to recognize companies for demonstrating outstanding achievement and superior performance.
"We are delighted to host the banquet for the fourth consecutive time in Singapore. I am confident that the awards banquet will continue to be the most anticipated event of the year by the transportation and logistics industry," he added.
The awards banquet was officiated by Mr. Quek Swee Kuan, Assistant Managing Director, Singapore Economic Development Board.
Mr. Gopal R, Director, Transportation & Logistics Practice, Asia Pacific said home-grown talents such as Singapore Airport Terminal Services Limited, PSA International Pte Ltd, and Northport Malaysia Bhd were selected as Asia Pacific award recipients this year.
First-time recipients included Global Coalition for Efficient Logistics (GCEL), PosLaju Malaysia and Thailand Post.
"The 2009 award recipients have clearly demonstrated outstanding commitment to their clients," Mr. Gopal said, adding that the award categories offered each year were carefully reviewed and evaluated to reflect the current market landscape and include new and emerging segments of the logistics business.
He said that logistics end-users are becoming more demanding and expect more efficient just-in-time logistics operations to reduce inventory cost.
"Cost management and inventory management are two key priorities for logistics end-user organizations across the region. Organizations are looking to manage their logistics cost through better transportation planning, consolidation services and effective integration of their overall supply chain," Mr. Gopal said.
He added that established logistics markets such as Singapore present opportunities for service parts management, reverse logistics and just-in-time operations. Meanwhile, supply chain integration, safety and security of cargo and trade facilitation cost optimization are of priority for logistics end-users in developing markets such as Malaysia.
"The enablers for growth include the need to effectively manage the shift in consumer demand, sustain innovation, retain talent, focus on strategic transactions, as well as take heed of environmental concerns and regulatory compliance," Mr. Gopal said.
Global Coalition for Efficient Logistics (GCEL) Asia was the Platinum Partner for the Awards while Pos Malaysia was the Corporate Collateral Partner.
The event was also supported by the Singapore Economic Development Board, SPRING Singapore and IE Singapore. Media partners for the awards included Logistics Insight Asia, Business Today, Harborscope and Logistics Digest.
Saluting Asia Pacific's best
Frost & Sullivan congratulates all the outstanding recipients of the 2009 Frost & Sullivan Asia Pacific Transportation & Logistics Awards:
2009 Frost & Sullivan Asia Pacific Transportation & Logistics Awards Recipients
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.
Media contact:
Neethiya Sadagopal
Corporate Communications – Asia Pacific
T: +65.6890.0966
E: neethiya.sadagopal[.]frost.com
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