Singapore has one of the most open economies in the world. It boasts the highest trade-to-GDP ratio in the world, with total trade exceeding GDP. This reflects the country’s role as a trading port and an oil and gas hub, as well as its engagement in regional supply chains, which has resulted in a large increase in intermediate goods trade over time. Through its excellent infrastructure and connectivity, the country serves as a regional hub for logisticsfirms, allowing companies to accelerate their entrance into the global market. Access World with its regional Asia Pacific headquarter based in Singapore is one such renowned third-party logistics company operating in the niche space of major commodities and project cargo.
The firm was established 90 years ago, whereby trust, reputation, and most importantly, understanding of the trade are key to Access World’s prosperity. Access World offers a full suite of services including sea freight, land transportation, storage, warehousing, collection, delivery, collateral management, and more. “Access World essentially services the trading/ financial sector while maintaining our centre in the physical supply chain management world. It is the successful integration of these two aspects that allows us to be one of the leading physical enablers of commodity trades globally,” emphasizes Gan Wan Pin, Managing Director. Access World has created its own culture in the Asia Pacific known as HIT, which stands for High Performance, Integrity, and Teamwork.
Although traders and financial institutions move very fast, the firm must operate in a steady environment to ensure that things are handled smoothly, quickly and safely. As a result, HIT was established ten years ago to match the firm’s external environment and provide an internal base where individuals can stay anchored and perform the services required. When it comes to high performance, the firm is able to connect and adapt to the market and customers efficiently and swiftly. At the same time, because high-value cargo is involved, Access World places a premium on the integrity of its team members, customers, and employees. Finally, since Access World is a
service organization, logistics is always about collaboration, with diverse departments, knowledge, and experts working together to ensure that knotty issues are simplified. That’s where collaboration comes in. The company puts itself in the shoes of its clients and works with them under the same umbrella.
A Notch Above all
Access World’s clientele includes mainly traders and banks around the world, global international traders as well as local regional traders. Clients in a typical thirdparty setting typically appoint organizations that excel at handling, storing their cargo and moving it around the world for them. Access World is more than just a cargo mover and storage provider. The company operates in a niche market where clients trade a variety of commodities. As a result, Access World must understand how they do business, and the company must tailor its logistical solution to enable them to do business. This is not something that can be simply replicated because it requires a thorough understanding of how the various trading and market sectors. Access World excels in this area owing to its accumulated expertise over many years of working with many customers to the point where it understands what its customer needs and can customize its solution to the specification.
According to Gan Wan Pin, the supply chain always has 3 flows: information, finance, and product flow. Access World is a prominent entity in the commodity sector in the sense that it enables, first and foremost, the physical flow of commodities for its customers. The firm also enablesthe finance and information flow. Since the material is being funded at its facility, its reputation is critical. In terms of information flow, the company assists customers in monitoring the trade situation and releasing cargo when certain requirements are met. Other examples are paper documents like warehouse receipts, storage confirmation, etc. issued and circulated in the entire ecosystem.Moreover, the firm is working toward leveraging block chain technology applications, where documents can be digitized and accessed by relevant parties in a more secure and authentic environment, reducing the possibilities of fraud. “Clients may keep millions worth of cargo in our facility. With a distinct customization and our core strength in reliability and stability Access World is a one of its kind fascinating blend,” signifies Gan Wan Pin, Managing Director.
Legacy of Nine Decades
Access World commenced its journey in 1933 as a family business and has since grown into an international organization with footprints all over the world. The firm has built a solid name in a specialized field where all of the key players in the commodities world are acquainted with Access World. Currently, the firm has segmented its Asia Pacific operational hub into three sub regions: Kuala Lumpur, which handles Southeast Asia, Shanghai, which handles day-to-day operations, and Greater China, which encompasses Taiwan and Hong Kong. Further, its geographical cluster includes Indonesia, Singapore, Malaysia, Vietnam, Thailand, Myanmar, Mainland China, Hong Kong, Taiwan, Korea, and Japan. And, as it strives to reach new heights, the firm intends to expand further in Asia, where there are numerous opportunities and new exciting terrains for commodities. As many Asian countries continue to modernize, open up, and urbanize, the demand for commodities and related products like renewable energy will grow enormously in Asia. As a result, the company will continue to diversify its offerings, footprint, and coverage throughout Asia through organic and inorganic expansion. The firm intends to continue on its path, covering more commodities and going deeper in each sector than before, and being the dominating player in this part of the world.
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