SingPost’s GSC sees increasing take-up of self-storage facilities by online retailers
Singapore Post’s subsidiary General Storage Co. (GSC) is seeing a growing number of small online retailers taking advantage of the flexibility offered by self-storage facilities. Helen Ng, the CEO of GSC, was recently quoted by Informa’s Inside Self Storage as saying that entrepreneurial women, in particular, have been using self storage for inventory.
“In Asia, there is a trend of women entrepreneurs leading the e-commerce revolution by setting up online stores retailing fashion and lifestyle products,” Ng was quoted as saying. “They eschew traditional brick-and-mortar stores for self-storage, and choose to operate from homes instead.”
Ng added: “The self-storage industry is agile enough to respond to economic headwinds and creative enough to recognize and create new growth opportunities.
“From offering bulk parcel drop-off and delivery services for our SME storers to launching small offices on site, we have to constantly reinvent ourselves to stay relevant for customers and weather the economic downturn.”
GSC, which was acquired by SingPost in 2013, operates the self-storage brands Lock+Store in Malaysia and Singapore, Store Friendly in Singapore, and The Store House in Hong Kong.