Pos Malaysia Bhd, the country's postal provider, wants to tap a boom in online retailing by providing direct logistics services for e-commerce shipments by Chinese e-commerce giant Alibaba. If realized, middlemen will be cut out.
The move means that the postal provider wants to bypass the current arrangement where parcel deliveries are handled through freight forwarders.
According to local press reports, Pos Malaysia's chief executive officer, Datuk Mohd Shukrie Mohd Salleh will hold talks with Alibaba and other market players in China this month with a view to bypassing the middlemen when shipping goods sold on their platforms.
"Someone needs to deliver the items"
Surging parcel deliveries for online shopping drove a 40% jump in profit in the fiscal first quarter, and full-year earnings would be higher than a year earlier, Sukrie said.
“My focus is still e-commerce, and it is driving the logistics business. When e-commerce is booming, somebody needs to deliver these items,” Shukrie said in an interview. “Marketplace owners want to deal with logistic players directly."
Nol van Fenema
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Anthony Lau (Tuesday, 18 October 2016 08:57)
More post offices may do this.