SingPost and Synagie will collaborate to provide on-demand warehousing and fulfilment solutions to SMEs in Singapore and Southeast Asia (SEA).
Southeast Asia’s small and medium-sized enterprises (SMEs) will now be able to utilise state-of-the-art warehousing and fulfilment services provided by SingPost subsidiary Quantium Solutions, and powered by Synagie’s cloud commerce platform. The partnership will enable SMEs to 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 solution for greater operational efficiency and faster turnaround times in both the traditional and eCommerce markets.
SEA’s Internet economy is growing at an unprecedented rate and is expected to exceed US $200 billion by 2025. High mobile penetration is driving growth of eCommerce transactions in the region, which surpassed US$10 billion 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 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 fulfilment for both offline and online businesses, the on-demand warehousing solution will be offered to SMEs in Singapore and SEA from 3rd quarter this year.
Commenting on the partnership, Synagie’s Executive Director and CEO, Clement Lee said, “We are honoured to collaborate with SingPost to provide one of the region’s first fully integrated on-demand warehousing and fulfilment solution focused at helping SMEs manage their multi-channel supply chains. 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.” Group CEO of SingPost, Paul Coutts added, “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 eCommerce worldwide.”