JAKARTA,
Indonesia, Aug. 29, 2024 /PRNewswire/ -- On
August 29, BEST Inc. held an opening
ceremony in North Jakarta,
Indonesia, announcing the official launch of cross-border
supply chain services and full-scenario, full-link SaaS solution
services in Indonesia. This is
another heavyweight market of BEST following investments in
Thailand, Vietnam, Malaysia, Singapore, and the
Philippines, marking another important step in BEST's
strategic layout in Southeast
Asia.
With over ten years of innovation in technology and business
models, BEST Inc., a leading provider of smart supply chain and
logistics services in China and
Southeast Asia, operates over
20,000 service outlets, over 400 cloud warehouses, and manage over
3 million square meters of warehouse space in China, providing high-quality comprehensive
supply chain services for more than 3,000 well-known companies and
millions of small and medium-sized enterprises.
In 2015, BEST Inc. established a branch in the United States, officially starting its
international business journey. Since 2019, BEST regards
Southeast Asia as its most
important overseas market, and has established a logistics network
covering the entire territory in Thailand, Vietnam, Malaysia, Singapore and other countries, including
last-mile express delivery, express transportation services, as
well as cloud warehouses and software services. According to the
annual report data, BEST's global service revenue in 2023 reached
RMB 947 million (USD 133 million), and the parcel volume in
Southeast Asia was about 140
million pieces, a year-on-year increase of 14.6%. Thanks to the
long-term development of overseas localized operations, BEST has
achieved continuous growth in global service revenue, won unanimous
recognition and high recognition from customers, and provided solid
logistics support for the rapid development of the local economy in
Southeast Asia.
Indonesia is an indispensable
part of BEST's strategic market in Southeast Asia. As the largest economy in
Southeast Asia, this "country of a
thousand islands" has a large young population and a highly
potential consumer market. According to the latest World Bank
report on Indonesia, Indonesia's economy will maintain steady
growth in the next two years. In 2024, Indonesia's economy is expected to grow by 5%,
and in 2025 and 2026, Indonesia's
economy is expected to grow by 5.1% respectively. With the steady
growth of the economy, Indonesia
is becoming an important part of the development of the world
economy.
Johnny Chou, Founder, Chairman
and CEO of BEST Inc., stated in his speech, "The opening of BEST
Indonesia is a milestone and has strongly promoted the
implementation of the group's internationalization strategy. We
will continue to increase investment in the Indonesian market,
adhere to technological innovation, expand and improve the service
network, and improve service quality and capabilities to meet
customer needs and win their trust."
BEST Inc. will rely on its technological advantages, invest in
technology and automation equipment construction, and equip
localized sales and service teams to provide customers with
comprehensive cross-border supply chain services and full-scenario
and full-link SaaS solution services. "We look forward to working
with Indonesian companies and Chinese overseas brands to create a
more brilliant future together." In her speech, Karen He, General Manager of Cross-border
Business at BEST, clarified BEST's long-term goal of building a
B2B2C and cross-border business network between China, Southeast
Asia and North America,
demonstrating the group's firm determination to deepen its presence
in the Indonesian market and serve global customers.
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SOURCE BEST Inc.
