SingPost partners Synagie to provide on-demand warehousing
May 21, 2019
Singapore Post is working with local company Synagie to provide on-demand warehousing and fulfilment to SMEs in Singapore and south-east Asia.
South-east Asia's small and medium-sized enterprises (SMEs) will be able to use the latest warehousing and fulfilment services provided by SingPost subsidiary Quantium, and powered by Synagie's cloud commerce platform. The partnership will let SMEs capitalise on the strong growth in ecommerce order volumes while enjoying the same enterprise grade logistics capabilities used by industry leaders.
It also offers SMEs a one-stop shop for greater operational efficiency and faster turnaround times in both the traditional and ecommerce markets.
South-east Asia's internet economy is growing fast and is expected to exceed US$200bn by 2025. High mobile penetration is driving growth of ecommerce 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 scalability will 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.
"We are honoured to collaborate with SingPost to provide one of the region's first fully integrated on-demand warehousing and fulfilment solutions focused on helping SMEs manage their multi-channel supply chains,” said Synagie's executive director and CEO Clement Lee. “By combining our solutions and infrastructure, we can provide a fulfilment ecosystem for brands and SMEs that will bring about greater efficiencies and cost savings for both their offline and online businesses."
Designed to provide multi-channel fulfilment for offline and online businesses, the on-demand warehousing will be offered to SMEs in Singapore and south-east Asia from the third quarter this year.
"We are pleased to partner Synagie on this endeavour,” said group CEO of SingPost Paul Coutts. “SMEs can leverage our extensive presence in south-east Asia to grow their business in the region, as well as capitalise on the rapid growth of ecommerce worldwide.”