Singapore Post and Synagie Corporation Ltd have announced that they will collaborate to provide on-demand warehousing and fulfillment solutions to small and medium-sized enterprises (SME) in Singapore and Southeast Asia (SEA).
The region’s SMEs will now be able to utilize state-of-the-art warehousing and fulfillment services provided by SingPost subsidiary Quantium Solutions, and powered by Synagie’s cloud commerce platform. The partnership will enable SMEs to capitalize on the strong growth in e-commerce order volumes, while enjoying the same enterprise grade logistics capabilities used by industry leaders. It also offers SMEs a one-stop solution for greater operational efficiency and faster turnaround times in both the traditional and e-commerce markets.
SEA’s internet economy is growing at an unprecedented rate and is expected to exceed US$200bn (£156bn) by 2025. High mobile penetration is driving growth of e-commerce transactions in the region, which surpassed US$10bn (£7.8bn) in 2017.
SingPost’s partnership with Synagie to provide on-demand warehousing allows brands and SMEs to save on the heavy up-front 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 highly scalable solution will better help them cater to the spikes in warehousing demands during peak seasons (such as mega sales events) and provide greater cost savings and better inventory management.
Designed to provide multi-channel fulfillment for both off-line and online businesses, the on-demand warehousing solution will be offered to SMEs in Singapore and SEA from Q3 2019.
Commenting on the partnership, Synagie’s executive director and CEO, Clement Lee said, “We are honored to collaborate with SingPost to provide one of the region’s first fully integrated on-demand warehousing and fulfillment solutions focused at helping SMEs manage their multi-channel supply chains. By combining our solutions and infrastructure, we can provide a fulfillment ecosystem for brands and SMEs that will bring about greater efficiencies and cost savings for both their off-line and online businesses.”
SingPost Group CEO, Paul Coutts added, “We are pleased to partner Synagie on this endeavor. SMEs can leverage our extensive presence in Southeast Asia to grow their business in the region, as well as capitalize on the rapid growth of e-commerce worldwide.”