YCH Group to Tap On Futuristic Technology to Support the Most Complex of Supply Chain, Shifting the Paradigms of the Industry

Oct 25, 2015 12:00:00 AM

YCH Group to Tap On Futuristic Technology to Support the Most Complex of Supply Chain, Shifting the Paradigms of the Industry

- YCH Group also announces new education academy in a bid to provide training to 600 graduates of mid-career professionals

Singapore, 22 October 2015 -YCH Group, Asia Pacific's leading integrated end-to-end supply chain solutions provider announced today that they will be tapping on technology in a bid to raise the bar of excellence for the logistics sector. The announcement comes as the company inches closer to the completion of their new corporate headquarters at Supply Chain City™ in Jurong West. When completed, the facility will incorporate the world's first Fusionaris™, a fusion of an Automated Storage and Retrieval System (ASRS) integrated with ramp-up warehousing. Supply Chain City™ will also feature research and training facilities, state-of-the art supply chain management technologies, and equipment such as robotic arms and Automated Guided Vehicles (AGVs) to support the most complex of supply chains, pushing themselves to shift the paradigms of the industry.


YCH showcasing drone technology, demonstrating the endless possibilities of such applications in the Supply Chain industry
An AGV serving the main course to the Guest-of-Honour, DPM Tharman Shanmugaratnam. Similar technology would be employed in Supply Chain City™ to improve efficiency and productivity


The announcement was made at YCH Group's 60th Anniversary gala dinner that was held at Resorts World Sentosa. Commemorating 60 years of supply chain excellence as a home-grown enterprise, Deputy Prime Minister (DPM) and Coordinating Minister for Economic and Social Policies Mr Tharman Shanmugaratnam, graced the event as the Guest-of-Honour to 500 guests in attendance including industry partners, representatives from statutory boards, government ministries, foreign dignitaries as well as long serving employees of YCH.


(From L to R) Executive Directors of YCH Group, Mr Roger Yap and Ms Catherine Yap, Minister of State, Mr Teo Ser Luck, Deputy Prime Minister, Mr Tharman Shanmugaratnam, Executive Chairman of YCH Group, Dr Robert Yap, Senior Minister of State, Mrs Josephine Teo, Executive Director of YCH Group, Ms Margaret Toh and CEO of YCH Group, Mr Bennett Neo toasting to 60 years of supply chain excellence at YCH
Dr Robert Yap and the management team of YCH group presenting the YCH Theme Song, 'Just a Handshake' during the finale performance of the event, as the company looks forward to another 60 years of success through partnership


With YCH's CSR philosophy of "teach a man to fish" towards building capabilities for self-sustenance, the group also announced during the dinner an initiative to build the next generation of talent for the Supply Chain sector. The company intends to train 600 graduates and mid-career professionals over the next three years, through the establishment of a state of the art supply chain academy within Supply Chain City™.

Mr. Bennett Neo, Chief Executive Officer of YCH Group shared that "talent management is one of YCH's five strategic pillars. We will be relentless in our efforts to attract, develop and retain the best talents in the industry."

With the recent signing of Memorandum of Understanding (MOU) between YCH Group and the Workforce Development Agency (WDA) in July this year, YCH was keen to demonstrate its commitment to the nationwide SkillsFuture initiative. DPM Tharman expressed during his speech that "as one of the first companies in Singapore to embark on the Progressive Wage Model (PWM) and offer multiple pathways for its employees, YCH is leading the way for Singaporean firms to provide a more synergistic manpower blend with various customised HR strategies for fresh graduates, mid-career entrants and senior workers. Its early adoption of the SkillsFuture initiatives will also allow the company to plant the seeds for a more motivated, dynamic and well-endowed workforce. This is an excellent example of an industry-led initiative that would also uplift the skills and capability of smaller industry players which would otherwise not be able to benefit from structured workplace learning."

Mr Neo further reiterated at the gala dinner: "We have evolved, changed and responded in innovative and flexible ways to assure our survival in the past few decades. We will continue to embrace transformation to keep pace with the changing dynamics, while simultaneously keeping true to our founding traditions and principles which have defined and distinguished the company." As a lead up to the gala dinner, the group also held a Charity Golf Tournament in July which raised S$420,000 after monetary matching by the Government. The donations were allocated to the ITE Endowment Fund aimed at providing financial assistance for underprivileged students in the areas of daily and schooling expenses. ITE was chosen as the charity organisation of choice for its focus on education and employment, which is in line with YCH's "Teach a man to fish" philosophy and belief in practitioner-based learning.

About YCH Group

Founded in 1955 and headquartered in Singapore, YCH Group is the leading end-to-end supply chain solutions partner to some of the world's largest companies and favourite brands across the Asia Pacific region. Its suite of innovative award-winning end-to-end supply chain management solutions - Intribution™, Intrabution™, Retrogistics™ - 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. A strong proponent of innovation, YCH is recognized for its 7PL™ approach in seamlessly integrating supply chain strategy with execution. As an extended family enterprise, YCH was awarded the May Day Model Partnership Awards 2014 for embracing diversity, encouraging continuous learning and the creation of a productive, resilient and sustainable workforce. For further information, please visit www.ych.com



For media enquiries:

Neo Jia Hao
Corporate Communications, YCH Group
DID : (65) 6417 2772
Email: jiahao.neo@ych.com

Sandra Tan
Corporate Communications, YCH Group
DID : (65) 6417 2773
Email: sandra.tan@ych.com