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Seko Logistics has established a new e-commerce division as it eyes to boost cross-border e-commerce volumes.
It said Seko ECommerce, the new business unit, will offer four core solutions: international e-commerce shipping and delivery services; e-commerce fulfillment; parcels returns and re-commerce and heavyweight e-commerce shipping and last mile delivery.
Seko noted that its new unit will work with fashion, beauty, cosmetics, tech and lifestyle clients, which have "spearheaded their e-commerce growth for over 10 years."
It will also collaborate with other aggregators and postal operators to facilitate global international e-commerce parcel shipping.
"The new business unit will support increasingly knowledgeable retailers and merchants which are becoming even more savvy in their choice of e-commerce partners," Seko said in a release, adding that it decided to launch the new business to cater to the growing demand for e-commerce.
Seko ECommerce noted that the global e-commerce market grew by 24% in 2020, producing market sales revenues of US$4.2 trillion and another year of record growth was seen in 2021 when the industry expected sales to reach US$4.9 trillion.
Seko Logistics' e-commerce operation has more than doubled in size in the last year as online consumer purchases increased during the Covid pandemic. The segment now accounts for around 40% of Seko Logistics' annual revenues,
"The impact of Covid has accelerated what was already happening in the global e-commerce market, in terms of rapid year-over-year growth," said James Gagne, president and chief executive of Seko Logistics. "The launch of SEKO Ecommerce advances our ability to embrace this demand by bringing all our ecommerce solutions together under one leadership team."
"E-commerce penetration has essentially accelerated five years overnight."
Seko's new unit will be led by David Emerson in a senior vice president role, while Chris Zheng will be senior vice president – global cross border.
