Singapore Post (SingPost) has inked a partnership agreement with Synagie to offer cloud-based warehousing and fulfilment services aimed at small and midsize businesses (SMBs) in Singapore and Southeast Asia. The on-demand offerings are touted to enable these companies to tap integrated warehousing systems on a pay-as-you-use basis, eliminating the need to set up their own facility.
Available from the third quarter of 2019, the fulfilment services would be delivered by SingPost’s e-commerce logistics subsidiary Quantium Solutions and run on Synagie’s cloud platform, the companies said in a joint statement Wednesday.
Pointing to research from Temasek Holdings and Google, SingPost said the Southeast Asian internet economy was projected to be worth US$200 billion by 2025, up from US$50 billion in 2017, with growth fuelled by e-commerce, media, travel, and ride-hailing.