- 2 March 2016
- Transport / Logistics Services
International delivery company Singapore Post (Singpost) has celebrated the topping out ceremony for the new Singpost Regional eCommerce Logistics Hub in Singapore.
The 553,000 square foot, three storey integrated facility has two warehousing floors, 150 simultaneous loading bays and an office block. It will also have a fully automated parcel sorting facility with end to end sorting picking, packing that also handles shipping and returns management, that will occupy the entire ground floor to enable faster order fulfilments.
Lee Eng Keat, Director (Logistics), Singapore Economic Development Board, said: “When completed, SingPost’s eCommerce Logistics hub will harness state-of-the-art automation systems to ensure high accuracy, high throughput and low per transaction cost. In addition, the facility will serve as a living laboratory where newer technologies can be tested jointly with technology providers and SingPost’s clients.”
The company estimates that the Regional eCommerce Logistics Hub will see a 30% to 40% improvement in cost efficiency over the next 10 to 15 years compared to current operations, with the installation of innovative automation systems.
The company said in a statement, “The topping out ceremony marks a key milestone for SingPost Regional eCommerce Logistics Hub. It brings us another step closer to fulfilling SingPost’s vision to be the regional leader in eCommerce logistics,” added Dr Sascha Hower, Group Chief Operating Officer of SingPost & CEO of Quantium Solutions. “At S$182m, the Regional eCommerce Logistics Hub is our largest investment in Singapore to date. It is the first of its kind in Southeast Asia for eCommerce logistics, equipped with cutting-edge technology such as integrated, automated warehousing equipment linked to fully automated parcel sorting systems. SingPost Regional eCommerce Logistics Hub will enable us to further connect the dots in building a regional eCommerce solution in this fast-growing eCommerce market.”
Now the building has been finished, the fitting out begins with an estimated S$30 million of equipment. It is set to be fully operational by the second half of this year.