Singapore Post (SingPost) and Synagie Corporation Ltd. (Synagie) announced that they will collaborate to provide on-demand warehousing and fulfilment solutions to SMEs in Singapore and Southeast Asia, starting from the third quarter of 2019.
The services will be provided by SingPost subsidiary Quantium Solutions, and powered by Synagie’s cloud commerce platform. It offers SMEs a one-stop solution for greater operational efficiency and faster turnaround times in both the traditional and e-commerce markets.
Southeast Asia’s internet economy is growing at an unprecedented rate and is expected to exceed $200bn by 2025. High mobile penetration is driving growth of e-commerce transactions in the region, which surpassed $10bn in 2017.
SingPost’s partnership with Synagie to provide on-demand warehousing allows brands and SMEs to save on the heavy upfront capital expenditure required to set up or operate their own warehouse, as they are able to acquire integrated warehousing services on a pay-as-you-use basis without long-term commitments. This scalable solution will better help them cater to the spikes in warehousing demands during peak seasons and provide greater cost savings and better inventory management.
Group CEO of SingPost, Paul Coutts said: “We are pleased to partner Synagie on this endeavour. SMEs can leverage our extensive presence in Southeast Asia to grow their business in the region, as well as capitalise on the rapid growth of e-commerce worldwide.”
Source: Singapore Post
