BEST Inc has announced its decision to further expand into Southeast Asia. This comes after its launch into Thailand and Vietnam, and will soon be entering Malaysia, Cambodia and Singapore markets.
The integrated smart supply chain solutions and logistics services provider also plans to elevate its international logistics solutions by launching cross-border services between China and the five markets in Southeast Asia this month.
“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,” said chairman and chief executive officer, Johnny Chou.
BEST also plans to operate a total of twelve sortation centers and around 400 service stations across Malaysia, Cambodia and Singapore over the next three years. In Malaysia, the company plans to operate a total of seven sortation centers and 270 service stations across West and East Malaysia all within three years.
This will include two customised flagship sortation centers in Kuala Lumpur and Phnom Penh that will be equipped with cutting-edge automation equipment, such as high-speed automatic sorting line and dimension weight-scanning systems.
According to a joint research by Google, Temasek and Bain & Company, Southeast Asia’s e-commerce sector in on track to reach USD 150 billion by 2025 from USD 38 billion in 2019.