Logistics collaboration will benefit small and medium-sized enterprises
Singapore Post and Synagie Corporation will collaborate to provide on-demand warehousing and fulfillment solutions to small and medium-sized enterprises (SMEs) in Singapore and South East Asia.
The region's SMEs will now be able to utilise 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 capitalise on the strong growth in e-commerce order volumes, while enjoying the same enterprise-grade logistics capabilities used by industry leaders, according to the partners. It also offers SMEs a one-stop solution for greater operational efficiency and faster turnaround times in both the traditional and e-commerce markets.
The region's Internet economy is growing at an unprecedented rate and is expected to exceed USD200 billion by 2025. High mobile penetration is driving growth of e-commerce transactions in the region, which surpassed USD10 billion in 2017.