As demand for e-commerce and prime delivery standards continues to advance in Southeast Asia, cloud-based logistics solutions provider Locad announced plans to feed $11 million it raised from its Series A round to build the region’s largest fulfillment network dedicated for the e-commerce supply chain.
Despite the surge in orders, Locad reports 99% on-time fulfillment and 93% next day shipped on 11.11 orders across Lazada, Shopee, Zalora, TikTok Shop, and more.
To strengthen its commitment in leading the logistics and e-commerce space, Locad is introducing a new industry category which it calls the “logistics engine.”
Paying forward the trust they have received from Filipino businesses, cloud logistics company LOCAD has donated and delivered infant and toddler clothes to Grace to Be Born Maternity Home and Nursery, a halfway house for young pregnant girls and abandoned babies.
The country’s micro, small and medium-sized enterprises (MSMEs) need a more secure e-commerce infrastructure if they are to take advantage of the current boom in online selling, according to DTI-PTTC executive director Nelly Dillera.
Cloud logistics network LOCAD said providing great customer service with localized fulfillment serves as two of the most crucial elements needed to capture the Southeast Asian e-commerce market.
Top Filipino e-commerce executives have joined Locad, a cloud-based logistics provider, in a bid to build up the company’s capability to support more brands and merchants in their online journey.
Logistics firm Locad said while many businesses address “first mile” and “last mile” problems in delivery, very few provide the fully integrated solution that the company is pioneering.
