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It’s shape up or ship out for e-commerce logistics players facing slowing demand

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Claudia Chong

Claudia Chong

Published Tue, Feb 21, 2023 · 05:50 AM
    • South-east Asian logistics company Ninja Van has consolidated some parcel sorting stations, as parcel volumes get hit by the economic slowdown.
    • South-east Asian logistics company Ninja Van has consolidated some parcel sorting stations, as parcel volumes get hit by the economic slowdown. PHOTO: NINJA VAN

    LOGISTICS companies focused on South-east Asia’s e-commerce market are bracing for a tougher year as e-commerce volumes experience slower growth, hampered by waning consumption. Higher fuel prices are not helping.

    Some companies that ramped up logistics capacity during the pandemic boom are now having to consolidate resources and increase efficiency.

    “We’ve seen some impact as a result of economic headwinds, with parcel volumes in selected markets experiencing flat or slightly negative growth for the first time,” said Lai Chang Wen, chief executive of Ninja Van, one of the largest e-commerce logistics players in the region.

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