You are here

Going the distance with e-commerce

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.

BT_20180220_SMECOMMERCE_3315123.jpg
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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes