SINGAPORE (May 15): Singapore Post (SingPost) and Synagie Corporation will be collaborating to provide on-demand warehousing and fulfilment solutions to SMEs in Singapore and Southeast Asia.
SMEs in SE Asia will now be able to utilise state-of-the-art warehousing and fulfilment services provided by SingPost’s subsidiary Quantium Solutions, and powered by Synagie’s cloud commerce platform.
SMEs will be able to capitalise on the regional e-commerce boom, while enjoying the same enterprise grade logistics s 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.
With the on-demand warehousing, brands and SMEs will be able to save on heavy upfront capital expenditure 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 solution can help them cater to peak seasons when warehousing is higher in demand.
The on-demand warehousing solution will be offered to SMEs from the third quarter this year.
Meanwhile, SMEs can start a free trial of Synagie’s commerce platform by signing up online and will be notified when the on-demand warehousing solution is ready.
Clement Lee, executive director and CEO of Synagie, says, “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.”
Paul Coutts, group CEO of SingPost, says, “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.”
As at 11.35am, shares in Synagie are trading 9.20% higher at 9.5 cents, while shares in SingPost are trading at 95 cents.
