YCH "RISE"-and-Shines at Singapore Business Awards 2011
Apr 8, 2011 12:00:00 AM
YCH "RISE"-and-Shines at Singapore Business Awards 2011
- YCH chosen as 'Enterprise of the Year' for having holistically built a highly responsive and passionate organization to deliver best practices in Supply Chain Management (SCM).
- Constant perpetration of innovative, award-winning solutions and sustainable growth strategies key to company's rapid expansion across the Asia Pacific region
Singapore, 8 April 2011 - Leading Singapore-based logistics and supply chain management (SCM) company YCH Group has been awarded the 'Enterprise of the Year' Award for 2010 at the Singapore Business Awards (SBA) 2011. YCH received the honour at The Ritz Carlton, Millennia during the Awards' presentation dinner last evening.
The Enterprise Award is a major recognition from the Singapore business community towards YCH's tremendous growth over the past 56 years. Since its establishment as a humble passenger transportation company, YCH has never stopped 'innovating to survive' - a deeply-rooted notion that steers the company to continuously break new SCM frontiers in its journey of growth and evolution.
Additionally, the Award firmly attests to the Group's success in driving key corporate values and pillars of strength throughout the organization to build an extended family enterprise that strongly values teamwork, knowledge-sharing and a risk-taking, entrepreneurial culture. The company's corporate philosophy "RISE", which is an acronym for Reliability, Integrity, Sincerity and Enterprise, further guides the company to achieve supplychain excellence through a commitment to deliver quality-driven, flawless execution through a comprehensive Asia Pacific network and award-winning, proprietary SCM solutions.
YCH stood out from the competition this year when evaluated against the Award's four key judging criteria of Innovation, Financial performance/Productivity, Company management and Contribution to the Community. In particular, YCH shone in the areas of displaying outstanding productivity through its continuous development of innovation initiatives, as well as rigorous penetration of overseas markets throughout the year 2010. The distinguished panel of judges, comprising several eminent business, government and academic leaders, named YCH the winner "for its innovativeness, enterprise and far-sightedness in seizing opportunities to transform itself into one of Asia's leading integrated logistics and supply chain management companies."
The YCH family with friends and customers celebrating the win of the 'Enterprise of the Year' Award at the Ritz-Carlton, Millenia, Singapore
Chairman & CEO Robert Yap giving his award acceptance speech on behalf of YCH Group, and thanking the contributions of YCH's extended family enterprise
Chairman & CEO Robert Yap (rightmost) addressing the media at the press conference, sharing the Group's innovation focus and growth strategies of YCH across the Asia Pacific region.
Winners of the SBA take a group photo. From L to R: David Conner, OCBC Bank - CEO of the Year; Robert Yap, YCH Group - Winner of Enterprise Award; Roger Chia Kim Piow, Rotary Eng - Businessman of the Year; Mok Kwong Weng, Air Liquide China - Overseas CEO of the Year
In its growth and expansion strategy, YCH embraces the Chinese philosophy of or "no sweet without sweat" attitude which has directed the company to invest strategically for the long term and develop long-lasting, symbiotic partnerships with its world-class customers. Its network of best-in-class DistriParks harness state-of-the-art technologies and eco-friendly features that are aligned to stringent requirements of global manufacturers. Two of its newest signature DistriParks that were recently launched in 2010 include the hi-tech 465,000 sq feet YCH DistriPark in Shanghai's famous Yangshan Port and the 525,000 sq feet YCH DistriPark in the Sriperumbudur area of Chennai in India which has also been recognized as the very first green warehouse facility in Chennai.
Not having forgotten the hardships of its earliest years in the lorry transportation business, YCH has also incorporated a Last Mile PartnershipT (LMP) strategy into its growth plans - working with local last mile partners to optimise its distribution routes, while concurrently imparting best practices in SCM infrastructure and capabilities to help these smaller companies rise up the value chain in a shorter time period. Given that a company is only as strong as its weakest link, this LMP strategy not only boosts YCH's presence across the region, it also constitutes part of the company's CSR approach in bringing up its partners in the lower rungs of the SCM value chain.
Initiatives such as these have placed YCH well ahead of competition in the Asian supply chain market - achieving a solid Asia Pacific network with strong presence in 12 countries across 40 cities, and a sizeable extended family of some four thousand staff. Riding on its mission to be the number one Supply Chain Solutions Company throughout Asia Pacific, YCH will continue to build depth into its network by expanding into the second-tier and third-tier cities of China and India - regions deemed to provide vast manufacturing and logistics opportunities that will ensue with the spreading affluence of these two Asian consumption giants.
Chairman & CEO Dr Robert Yap envisaged, "As we constantly enhance our end-to-end SCM offerings for our world-class customers and adapt to the everchanging supplychain environment, our YCH expansion strategy will be shaped by continuous innovation, market responsiveness and sustainable growth - the very characteristics of a dynamic, living enterprise."
About YCH Group
Founded in 1955, YCH Group is the leading integrated end-to-end supply chain management and logistics partner to some of the world's largest companies, including Dell, Motorola, Samsung, LG, Exxon Mobil, Unilever, LVMH and Royal FrieslandCampina. YCH Group's suite of innovative award-winning end-to-end supply chain management solutions - IntributionT, IntrabutionT, RetrogisticsT, Y-MergeT and V-HubT - employ cutting edge web-technologies that are best-in-class across industry clusters from consumer and electronics to chemical and healthcare, to deliver powerful competitive advantages for customers. The Singapore-based company currently operates throughout Asia-Pacific, including Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Australia, China, India, Vietnam and Korea.
A strong proponent of innovation, YCH is recognized for its 7PLT approach in seamlessly integrating supply chain strategy with execution to attain success in the SCM industry. YCH attained the highly-regarded Singapore Innovation Class in October 2005 and clinched Top Honours as Winner of the IDC Enterprise Innovation Awards 2010. As a forerunner in worldwide supply chain security, YCH is the first recipient of the ISO 28000: 2007 certification for excellent security management in the global SCM industry. YCH also won the prestigious National Infocomm Award 2008 for its RFID-enabled 'High Performance Supply Chain Nerve Centre' and was conferred the 'Asian 3PL of the Year' award by Supply Chain Asia for four consecutive times from 2007 to 2010. Most recently on 27 October, YCH was named 'Most Admired Large Enterprise (Innovation)' in the high-level ASEAN Business Awards 2010.