SINGAPORE (May 17): Online shopping giant Lazada Singapore has moved its entire warehouse operations to Singapore Post’s Regional eCommerce Logistics Hub in Tampines Logistics Park.
“With investments by Alibaba in both companies, the move allows Lazada and SingPost to leverage on each other’s strengths to meet rising ecommerce demand in Southeast Asia,” SingPost and Lazada Singapore say in a joint release on Wednesday.
With an integrated, end-to-end solution housed in a 553,000 sq ft three-storey facility, SingPost’s S$182 million Regional eCommerce Logistics Hub is expected to provide Lazada with improved efficiency, resulting in a faster turnaround time.
“Moving Lazada Singapore’s entire warehouse operations to the SingPost Regional eCommerce Logistics Hub is the next natural step, as we seek closer integration with our partners to better serve the needs of Singapore customers,” says Alexis Lanternier, CEO of Lazada Singapore.
“With the recent launch of 99SME, our local sellers have access to more than 3.5 million monthly visitors in Singapore. Moving forward, we can help them expand and sell regionally,” Lanternier adds. “This also adequately prepares us for the Great Singapore Sale starting June 6, and we are bringing in more brands than ever before, local and global.”
The 99% SME e-marketplace is a dedicated portal hosted on Lazada.sg for local Small and Medium Enterprises (SMEs) to advertise their offerings and tap on a wider online customer base.
“Technology plays a big part in our Regional eCommerce Logistics Hub, increasing productivity and efficiency. This collaboration sees Lazada’s ecommerce platform and SingPost’s end-to-end logistics capabilities coming together and it will result in scale and efficiencies for both of us,” says Sam Ang, executive vice president of SingPost and CEO of Quantium Solutions International.
Shares of SingPost closed half a Singaporean cent higher at S$1.31 on Wednesday.