Anchanto, a Singapore-based e-Commerce logistics and selling platform, announced that Pos Malaysia Berhad (Pos Malaysia), Malaysia’s premier postal and courier company, will be utilising its warehouse management technology to expand Pos Malaysia’s ability in providing a comprehensive e-Fulfilment service, primarily to serve the growing e-Commerce business in Malaysia.
Anchanto’s electronic warehouse management system will be integrated with Pos Malaysia’s own processes to form an e-Commerce Fulfilment System, demonstrating the seamless ease in which Anchanto’s platform can be used to link with Pos Malaysia’s system.
The new platform will enable Pos Malaysia to provide and end-to-end service for its customers including warehousing and last-mile delivery by Pos Laju. To date, being the leading domestic courier company in Malaysia, Pos Laju currently handles 84.6 million volume of parcels and documents.
Pos Malaysia’s online sellers will also be able to use Anchanto’s SelluSeller, a one-stop platform that enables merchants and enterprises to sell on various e-marketplaces across Asia. The new system will go live at the end of June this year.
“We’re pleased to be working with Pos Malaysia to provide them with our cross-border e-commerce technology that will help them manage the whole spectrum of services,” said Vaibhav Dabhade, Founder and Chief Executive Officer of Anchanto. “The rapid growth of e-Commerce in Asia means that third-party logistics players such as Pos Malaysia need to modernise to be part of this growth story”.
Southeast Asia is poised to become one of the world’s fastest-growing regions for e-commerce revenues, exceeding a forecast of US$25 billion by 2020 from US$11 billion in 2015, according to a Frost & Sullivan report. Malaysia and Thailand were the largest e-commerce markets in Southeast Asia in 2015, generating revenues of US$2.3 billion and US$2.1 billion respectively.
“Pos Malaysia’s strategic collaboration with Anchanto will strengthen our presence in the e-Fulfilment business. It will enable us to provide and offer a complete range of e-Fulfilment services to our customers such as reliable quality packets and parcel delivery products and services, competitive price and high-level support for warehousing management as well as packet and parcel preparation,” said Pos Malaysia’s Group Chief Executive Officer, Dato’ Mohd Shukrie Mohd Salleh.
Dato’ Mohd Shukrie added that the initiative is expected to generate a new business streams in e-Commerce fulfilment business and we hope to capitalise on the double digit growth of the e-Commerce industry between 15 to 20 percent in the coming years.
Pos Malaysia also has an existing transhipment business with China’s e-commerce giant Alibaba.