SingPost and Cainiao sign memorandum of understanding to strengthen logistics capabilities to leverage e-commerce growth in Southeast Asia

SINGAPORE, September 12, 2024 /PRNewswire/ — Singapore Post Limited (SingPost) is a leading provider of postal and e-commerce logistics services in Asia and Pacificand Cainiao, a global leader in e-commerce logistics, have signed a Memorandum of Understanding (MOU) to explore strategic collaboration opportunities to support long-term growth Singapore cargo and logistics sectors. This collaboration will strengthen the logistics networks of both organizations to capture the growing eCommerce market in Southeast Asia.

According to Statista, the e-commerce market is expected to be worth 186 billion US dollars by 2025 compared to approx. 139 billion US dollars in 2023.⁽¹⁾ “Singapore strategic location and world-class infrastructure make it an ideal place reloading a hub for the growing e-commerce sector in Asia. This collaboration with Cainiao is in line with our digitalization path and our focus on eCommerce logistics,” said Li Yu, CEO, International, SingPost. “By combining our strengths, we aim to enhance the quality of service for our customers.”

As the e-commerce industry continues to grow exponentially, the agreement will focus on the areas of optimising delivery costs and increasing volumes by leveraging Cainiao’s advanced technology solutions and SingPost’s extensive logistics network, leveraging shipment consolidation opportunities and optimising delivery routes.

Areas of cooperation include strengthening Singapore the role of a transshipment hub for air cargo, developing innovative postal products for China AND Southeast Asiaintegrating Cainiao technology to increase operational efficiency and enhance last-mile delivery capabilities Singapore and further.

William XiongSenior Vice President of Cainiao Group said, “Given the rapid growth of e-commerce in the Southeast Asian market, there is an increasing demand for greater efficiency and faster delivery. We look forward to working with partners such as SingPost to help build a robust e-commerce logistics ecosystem. By integrating our technology into the SingPost network, we aim to provide reliable logistics solutions that support global connectivity, facilitate trade between Southeast Asia and the rest of the world and strengthen Cainiao’s presence in Asia and Pacific.”

The collaboration is set to begin in the coming months with a pilot project. Both parties will work closely together to assess the feasibility of different areas of work.

About Singapore Post Limited (SingPost)

Singapore Post (SingPost) is a leading provider of postal and e-commerce logistics services in Asia and Pacific. The company’s portfolio includes domestic and international postal services, warehousing and order fulfillment, international freight forwarding and last mile delivery, serving customers in over 220 locations worldwide. Headquartered in SingaporeSingPost employs over 4,900 people and operates in 14 markets around the world. Since its inception in 1858, the Group has evolved and innovated to offer best-in-class integrated logistics solutions and services, ensuring every delivery matters to people and the planet. www.singpost.com

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About Cainiao Group

Founded in 2013, Cainiao is a global leader in eCommerce logistics with a mission to enable seamless eCommerce experiences anywhere in the world through deep eCommerce expertise and technological capabilities. In cross-border eCommerce logistics, Cainiao is the world’s #1 provider by volume, serving over 100,000 merchants and brands.

Our extensive logistics network covers more than 200 countries and regions, making us one of the largest logistics networks in the world in terms of geographical coverage. We continue to expand our local express delivery and supply chain services in international markets such as Spain, France AND Poland.

For more information about Cainiao, please visit cainiao.com.

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SOURCE SingPost