Lazada Singapore moves all warehouse ops to SingPost hub
Lazada Singapore has moved all its warehouse operations to SingPost Regional eCommerce Logistics Hub in Tampines Logistics Park. Lazada and SingPost – both of which have investment from Alibaba – are looking to “leverage on each other’s strengths to meet rising eCommerce demand in Southeast Asia”.
“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,” said 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.”
The SingPost Regional eCommerce Logistics Hub integrates warehousing and delivery hub capabilities into one building.
Sam Ang, Executive Vice President of SingPost, and CEO of Quantium Solutions International, added: “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.”
On Friday (12 May), SingPost announced its results for the year ended 31 March which showed a 17% increase in revenue but a significant drop in profits. Losses at the SingPost’s e-commerce subsidiary TradeGlobal were a major contributory factor to the under-performance.
