Indonesia-focused logistics firm Satsaco Group has had a trying three years, with profits falling on the back of a sluggish economy and a weakened rupiah. But it is on track to turn things around by venturing into e-commerce logistics, a high growth area in Indonesia.
Sukrisno Chiuman, managing director of Satsaco. Even though its e-commerce business is in its early stages, it already accounts for more than half of the company's revenue of S$11.3 million in 2016.
WHEN a leading e-commerce firm first came to them, it was burning S$20,000 to S$30,000 for every round of merchandise air-flown to Indonesia. It was taking its agent one to two weeks to clear the goods, too.
Now, the e-commerce firm has turned to using sea freight instead, allowing goods...