Pick Network Pte. Ltd wins at the SBR Technology Excellence Awards 2022 (E-Commerce - Logistics category)
The company launched one of the world’s first open-access Nationwide Parcel Locker Networks that aims to help logistics service providers improve productivity as e-commerce grows rapidly in Singapore.
The internet economy in Singapore is expected to grow by 35% from $11b in 2020 to $15b, with the potential to reach $27b in 2025.
Parcels delivery is expected to keep growing. However, the last-mile infrastructure was not designed to support the projected growth in parcel volume.
Since the start of their operations in April 2021, Pick has deployed 1,000 parcel locker stations nationwide. The deployment density allows for at least one Pick locker within a five minutes walking distance for Housing Development Board (HDB) residents. Through the network, consumers enjoy a convenient and reliable option for their online purchases.
Pick offers e-commerce marketplaces a more efficient alternative to doorstep deliveries through the secure and open-access platform. The network includes a digital interoperability platform to facilitate seamless and secure data exchange and coordination between Pick and LSPs.
With more centralised drop-off points, LSPs can also complete more deliveries, enhancing efficiency and lowering operational costs. This is also beneficial to the employees of the LSPs. A Pick’s LSP partner shared that it would usually take five minutes to deliver a parcel to the doorstep, and 24 parcels would require about two hours to deliver the parcel. With a parcel locker, dropping off 24 parcels would only require 10 minutes. Improving productivity for LSPs would then translate into cost savings.
With this innovation, Pick Network Pte. Ltd has received an award under the E-Commerce - Logistics category in SBR Technology Excellence Awards 2022.
Now in its fourth year, the prestigious awards programme lauds companies who ride the digital disruption wave with technological innovations that have successfully transformed industries and business models, from merely adapting to the changing needs to going beyond expectations.