Singapore markets close in 45 minutes
  • Straits Times Index

    3,099.26
    -2.95 (-0.10%)
     
  • Nikkei

    25,935.62
    -457.42 (-1.73%)
     
  • Hang Seng

    21,859.79
    -137.10 (-0.62%)
     
  • FTSE 100

    7,152.45
    -16.83 (-0.23%)
     
  • BTC-USD

    19,560.24
    +178.48 (+0.92%)
     
  • CMC Crypto 200

    419.95
    -11.52 (-2.67%)
     
  • S&P 500

    3,785.38
    -33.45 (-0.88%)
     
  • Dow

    30,775.43
    -253.88 (-0.82%)
     
  • Nasdaq

    11,028.74
    -149.16 (-1.33%)
     
  • Gold

    1,793.40
    -13.90 (-0.77%)
     
  • Crude Oil

    105.53
    -0.23 (-0.22%)
     
  • 10-Yr Bond

    2.9720
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,449.63
    +5.41 (+0.37%)
     
  • Jakarta Composite Index

    6,794.33
    -117.25 (-1.70%)
     
  • PSE Index

    6,165.35
    +9.92 (+0.16%)
     

SingPost and Park N Parcel sign MOU for last-mile platform collaboration

SINGAPORE (Nov 7): Singapore Post (SingPost) announced it will be partnering Park N Parcel to include the latter’s collection points included within SingPost’s first-of-its-kind integrated last-mile platform (LaMP).

Under this partnership, Park N Parcel’s more than 1,600 individuals/retail stores that have registered themselves to collect parcels on behalf of the neighbours, or Parkers, will be included within the LaMP.

The technology-agnostic platform is able to mesh partner providers like Park N Parcel with SingPost assets, including POPStations, parcel lockers and brick-and-mortar collection points into a unified network, providing unparalleled control and flexibility for deliveries.

The LaMP aims to gather logistics partners and create an ecosystem for all to share logistics resources, solutions and capabilities. It also aims to promote logistics-enabled solutions and implement them across the supply chain.

Apart from Park N Parcel, SingPost says that it is also in advanced stages of discussions with several retail and logistics partner around the region to join LaMP. In particular, talks with an Indonesian last-mile operator with 1,500 collection points across 58 cities are at a penultimate stage, and are expected to conclude by the end of this month.

Alex Tan, group chief digital and technology officer of SingPost says, “This collaboration will be the first of many as we reach out across the region, and represents an important step in elevating industry standards as well as enhancing customer experience in the last-mile logistics landscape.”

As at 12.22pm, shares in SingPost are trading at $1.00.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting