SingPost Synagie partner to provide on-demand warehousing and logistics solutions for SMEs in Singapore and Southeast Asia

Event Calendar Press Releases Wednesday May 15, 2019 11:20
SINGAPORE--15 May--PRNewswire/InfoQuest
  • Synagie to collaborate with Singapore Post to provide cloud-based warehousing and fulfilment solutions.
  • Collaboration will enable small and medium-sized enterprises to utilise state-of-the art warehousing services in Singapore and Southeast Asia.

Singapore Post ("SingPost") and Synagie Corporation Ltd. ("Synagie") today announced that they 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[1].

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."

SMEs can start a free trial of Synagie's commerce platform now by signing up online via Synagie's website at https://synagie.com/sign-up/ and will be notified when the on-demand warehousing solution is ready.
[1] https://www.myskillsfuture.sg/content/portal/en/career-resources/career-resources/lmi-industry-news/6-southeast-asia-e-commerce-trends-in-2018.html
About Synagie Corporation Ltd.
https://photos.prnasia.com/prnk/20190515/2467484-1
About Singapore Post Limited
https://photos.prnasia.com/prnk/20190515/2467484-1
Disclaimer
https://photos.prnasia.com/prnk/20190515/2467484-1

Latest Press Release

The New MMS(R) Block arrives in Thailand Inviting all Thais to optimize fun in life with creativity

Mars announced the arrival of M&M'S(R) Block in Thailand. Committed to filling fun into every moment in life, M&M'S(R) has brought all Thai chocolate lovers M&M'S(R) Block, the unique combination of smooth milk chocolate and M&M'S(R)...

Department of Intellectual Property (DIP), Ministry of Commerce (MOC), Asia Video Industry Association (AVIA) and TrueVisions host Anti-Piracy Summit.

Today, the Department of Intellectual Property (DIP), Ministry of Commerce (MOC), Asia Video Industry Association (AVIA) and TrueVisions hosted the Digital Content Anti-Piracy Summit which was held at the Ministry of Commerce Building in Nonthaburi. The...

The Okura Prestige Bangkok Welcomes New General Manager

Leading luxury hotel The Okura Prestige Bangkok has the pleasure of announcing the appointment of Dutch native Niek Hammer as the hotel's new General Manager, effective 15 August 2019. The 42-year-old hospitality professional from Enschede in The...

PReMA granted the Trade Association Prestige (TAP) Award 2019

The Pharmaceutical Research and Manufacturers Association (PReMA), represented by Mr. Viriya Chongphaisal, PPeMA's president, received the "Trade Association Prestige: First Dimension - Achievement from Mission" award as a result of the association's...

Caltex joins forces with BBL to expand its payment system with Wireless EDC technology services throughout Caltex fuel service station network

Caltex in collaboration with Bangkok Bank offers the new payment system with Wireless Electronic Data Capture (Wireless EDC) technology for faster, more convenient and secure services at Caltex fuel service stations nationwide. Caltex is the first fuel...

Related Topics