LHN taps trends in e-commerce and sharing economy
Its strategy of revamping unused, under-utilised spaces to suit emerging industry trends has proven valuable during the pandemic.
Singapore
LHN Group's strategy of revamping unused and under-utilised spaces to suit emerging industry trends has proven valuable, after the pandemic triggered a rush towards e-commerce and bumped up demand for its co-living spaces.
Five years ago, the company did a strategic review of its business and began shifting away from traditional self-storage - typically catering to those storing personal items - to target merchants operating online instead. It came as Singapore's government was increasingly pushing for e-commerce to take off.
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