Now loading: Patience is key for SingPost’s e-commerce dreams

Its $236m acquisition will take time to kick in.

The Postman is eager to catch up with the world in e-commerce capabilities, but it may have to wait a little while and take a break to see how its recent acquisition of TradeGlobal will complement its other e-commerce initiatives.

According to analysts from OCBC, time will tell how rapid and successful the integration will be to reap the fruits of SingPost’s expanded e-commerce operations.

Meanwhile, OCBC says the Postman expects its e-commerce revenue to increase significantly following the acquisition as it is currently about 28% of the group’s revenue.

“SingPost’s clients can expand their businesses into the US, and TradeGlobal’s clients will have access to the e-commerce landscape in Asia Pacific. Clients can also leverage on integrated technology and fulfillment capabilities, creating a one-stop global solution,” OCBC said.

“TradeGlobal is a provider of integrated eCommerce enablement solutions, including fulfillment, customer care, logistics, web development, software and marketing services for the fashion retail industry,” they added.

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