BEST Inc. expands its express delivery services in Southeast Asia
Company will add services in Malaysia, Cambodia and Singapore
Integrated supply chain solutions and logistics services provider BEST Inc., which hails from in China, is expanding into Southeast Asia.
BEST's launch of express delivery services in Malaysia, Cambodia and Singapore follows its entry into Thailand and Vietnam last year.
The Company plans to operate a total of twelve sortation centers and around 400 service stations across Malaysia, Cambodia and Singapore over the next three years. This includes two customized flagship sortation centers in Kuala Lumpur and Phnom Penh equipped with automation equipment, such as high-speed automatic sorting lines and dimension-weight-scanning systems.
BEST is also launching cross-border services between China and these five markets in Southeast Asia.
According to joint research by Google, Temasek and Bain & Company, there are 360 million mobile internet users in Southeast Asia and the region’s e-commerce sector is on track to reach US$150 billion by 2025 from US$38 billion in 2019.
BEST also said in a press release that it is looking to put in place additional services in the region, including supply chain management, freight delivery, and truckload capacity brokerage.
It wishes to expand again in the region, with plans to operate in Indonesia and the Philippines in the near future.
Johnny Chou, Founder, Chairman and CEO of BEST Inc., said, " The outbreak of COVID-19 accelerated and amplified consumers' reliance on e-commerce and created even larger potential opportunities in the region. We are confident that our technology-enabled logistics services and high-quality express delivery options will be a critical service component for both merchants and consumers, during both this difficult period and beyond it."