SingPost uses technology in shift to logistics

It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.

Singapore Post Ltd (SingPost) is shifting its focus to e-commerce and logistics as demand for traditional mail continues to decline.

Domestic letter volumes fell to 260 million in 2022 amid a global coronavirus pandemic, from about 490 million letters in 2015, Li Yu, CEO for SingPost’s…