Insights into the Future of Global Mobility: Top 3 Observations on Singapore's Relocation Landscape

Does your business really comprehend recent changes in Singapore Relocation trends? In fact, adhering to your business abreast of and aligning with these changes enables you to stand above your industry competitors. As per the Population in Brief 2021 report published by the National Population and Talent Division Singapore’s population and other government bodies, the immigrants in Singapore amount to almost 27% of the Singaporean population. That’s an exceptionally large cluster in a small country like Singapore.

Identification of Gaps in Industry

There’s a major problem. Most of the industry players are unable to cope with the changing consumer behaviour. Most consumers are now looking for greater flexibility and coverage in their mobility journey. With the ever-increasing demand for relocation services and important changes in consumer requisites, it is even quite important that relocation businesses stay updated on consumers’ demands. APML Singapore is targeted to give you a whole picture of what makes up the current relocation sector and how to consequently navigate your next steps in this competitive space to be a part of the future of global mobility. Let’s dive deeper into the relocation landscape in Singapore:

Future of Global Mobility

1. The Relocation Industry is Fragmented

Presently, you will glance at many industry players and verticals in this sector. Though, the relocation industry is broadly divided with apparent gaps among the players offering distinctive global mobility services. the service providers often find themselves struggling to differentiate from the close competitors.

In order to tackle the challenges posed by a fragmented industry, we propose tying all industry players to a single ecosystem or platform. This ecosystem would cater to the needs of customers by offering a seamless and worry-free end-to-end relocation process, encompassing all aspects of moving comprehensively. Additionally, this ecosystem would provide a home to a vast range of service providers, including your business, which would expand the variety of services offered to global citizens. By consolidating all necessary services in one place, the platform would enable relocating citizens to find what they need with ease, while ensuring that companies onboard the platform increase their value and reach to these individuals.

2. Growing Movement Technology Based Relocation

Simply, the future of global mobility relies on leveraging technology wisely to improve the relocation experience of global citizens. The companies which confront the digital transformation will stand as a benefit over those that do not, simply because they appear modern and innovative in implementing business solutions.

Innovations are most valuable when they make the relocation process easy and convenient. If an innovation is user-friendly, it is more likely to be adopted quickly. Users want to oversee the entire relocation process, which is facilitated by technology. As a result, we can expect to see an increase in the number of relocation management software, companies, and platforms in this space.

Growing Rise in Demand for Relocation

According to the study by Wakefield Research, close to 3 in 5 workers (59 per cent) are keener to relocate for work now, compared to prior to the pandemic. Individuals still see the value of career improvements upon moving internationally. This is despite the worldwide travel bans and ongoing concerns about health and safety risks from COVID-19.

As we see that businesses are expediting their pace in recent times, we can expect more global citizens to arise and relocate with confidence. Businesses can anticipate a rise in demand for the services in the industry landscape above.

Should we not keep up with the times by adopting and engaging in digital transformation, it would be tough when it comes to coping with immediate relocation.

Moving forward, it is important for us to bring more industry players on board the relocation ecosystem. Such will be the most effective solution in bridging the gaps in this fragmented sector to enhance the future experience of relocating citizens.

Connect with APML Singapore to leverage our technology and contribute to the future of global mobility and relocation altogether.