Agility has acquired a two-story warehouse close to Changi International Airport, giving it more than 600,000 sq ft of warehouse space in total in Singapore.
The newly acquired 177,000 sq ft warehouse is located in an area with access to a range of logistics services and two major expressways. Agility owns four other warehouses in Singapore.
With an expanded footprint, Agility will be offering more services including automated quality inspections, a container-management e-system, a large-scale recycling programme for packing materials and enhanced warehouse management systems with regional data back-up and business-continuity features.
Mykell Lee, Agility CEO Singapore, said the company’s decision to invest S$25.5m (US$18.25m) in the warehouse is a sign of its long-term commitment to Singapore. He said the acquisition gives Agility more capacity to add to its value-added service offering, which includes testing, assembly, configuring, labelling and packing.
Lee commented: “We aren’t just storing goods within four walls. In an expensive market like Singapore, customers want service innovation. We are offering them technology-driven solutions to optimize their supply chains across the region. We have strong infrastructure and well-trained people to help execute that vision.”
Agility’s acquisition comes as Singapore is expanding port and airport infrastructure as part of its strategic plan to strengthen its position as a global logistics powerhouse and emerging leader in the fast-growing Asian e-commerce. While historically a B2B provider in Singapore, Agility has recently partnered with a number of customers to help expand their supply chains from brick-and-mortar stores to e-commerce home delivery.
Source: Agility
