Singapore Post Limited (SingPost) is integrating its eCommerce division, SingPost eCommerce, with US-based eCommerce providers - TradeGlobal and Jagged Peak - to launch SP Commerce.
According to SingPost, this integration helps the company to expand its eCommerce logistics footprint in the US, the largest retail market globally. SP Commerce will facilitate commerce between geographies, providing the necessary infrastructure for customers to gain easy access to eCommerce markets around the world.
A Forrester study commissioned by Accenture and Hybris Software, a SAP company, observed that driven by consumer online buying experiences, business suppliers are racing to meet buyer demands. The study also noted that 83 percent of B2B sellers are either in the process of upgrading or implementing their eCommerce offerings, or planning to do so within six months.
The demand for omni-channel commerce is gaining momentum and it would require integrated technology, fulfilment capabilities on an international scale as well as strong localisation for brands and retailers to succeed in this arena.
SP Commerce has scalable logistics infrastructure to serve global customers across all key eCommerce markets. With about 1,000 eCommerce clients globally, SingPost operates more than 50 distribution centres across at least 18 countries - including major eCommerce markets in the US, Europe, China and the rest of Asia Pacific.
"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, with sights set on international markets to grow their businesses leveraging our existing capabilities as well as newly acquired infrastructure and knowledge," said Marcelo Wesseler, Chief Executive Officer, SingPost eCommerce.
"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.
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