Social Mixer 2024 Singapore
marketing interactive Content360 Singapore 2024 Content360 Singapore 2024
marketing interactive

SingPost launches new e-commerce business unit

share on

Singapore Post (SingPost) has integrated its e-commerce division, SingPost e-commerce, with leading US-based  e-commerce providers TradeGlobal Holdings (TradeGlobal), which SingPost recently acquired, and Jagged Peak (Jagged Peak), to launch SP Commerce.The new business unit aims to build a global e-commerce logistics solution and to provide access to China and the rest of Asia Pacific markets. SP Commerce, an omni-channel enablement for global brands and retailers, will facilitate commerce between geographies, providing the necessary infrastructure for customers to gain easy access to e-commerce markets around the world.SingPost currently provides end-to-end eCommerce logistics solutions to more than 100 mono-brands such as Adidas, Calvin Klein, Cole Haan and Muji.“The launch of SP Commerce marks a significant milestone in SingPost’s transformation from a domestic postal service provider to a global eCommerce logistics enabler. We are well positioned to provide the gateway for brands and retailers,”Marcelo Wesseler, chief executive officer, SingPost e-commerce.“Other than bringing businesses abroad, we are also focused on facilitating commerce in the domestic US market as we believe that a strong business foundation in the home market makes a solid springboard for global expansion,” he added.The integration of TradeGlobal and Jagged Peak seeks to help SingPost expand its e-commerce logistics footprint in the US.  With about 1,000  e-commerce clients globally, SingPost operates more than 50 distribution centres across at least 18 countries – including major e-commerce markets in the US, Europe, China and the rest of Asia Pacific.It also shipped 4.6 million packages in cross-border  e-commerce volumes in November which represents about 60% increase year-on-year. SingPost processed about US$3 billion in Gross Merchandise Value (GMV) annually through its e-commerce networks. e-commerce related revenue remains robust and was 29 per cent of SingPost Group’s revenue for the half year ended 30 September 2015.  

share on

Follow us on our Telegram channel for the latest updates in the marketing and advertising scene.
Follow

Free newsletter

Get the daily lowdown on Asia's top marketing stories.

We break down the big and messy topics of the day so you're updated on the most important developments in Asia's marketing development – for free.

subscribe now open in new window