PFM Trading: Logistics companies must adapt to cater to demand as the popularity of e-commerce rises exponentially in Singapore.
Shenzhen, CHINA., July 29, 2014 - (PressReleasePoint) - PFM Trading, Inc., www.PFMTrading.com, says that logistics companies and suppliers in Singapore need to “raise their game” if they are to take advantage of the burgeoning demand for e-commerce in the city state.
The China-based broker-dealer and investment house which is building a more conspicuous presence in the growing technology and e-commerce IPO market in the Asia Pacific region said that the e-commerce revolution in the region had far further to run and that much of the potential reward in the sector remains “up for grabs”.
Edward Gold, vice-president at PFM Trading said, “While there is no such thing as a dead cert in investment, the logistics situation in this region is as close as one can come to it without getting involved with something illegal. The e-commerce market here is still in something of a fledgling state and in Singapore, in particular, we’re seeing logistics companies dragging their feet and showing a real reluctance to invest in the infrastructure required to take advantage of the boom.”
SingPost, the city state’s national carrier has recently announced that some 25% of its total revenue last year came from e-commerce demand for logistics and supply chain management, a significant increase on the previous year.
Warren Odey, Chief Executive Officer at PFM Trading said, “The demand for smartphones, tablets and all other kinds of consumer goods shows little sign of abatement and logistics firms in Singapore need to invest in infrastructure like mail sorting machines and warehouses in order to expedite the journey from merchant to consumer.”
About PFM Trading, Inc.:
PFM Trading, Inc. is an independent investment and wealth management practice based in China, and staffed by consummate professionals with a verifiable track record of success in the global financial markets. As at 1 January 2013, PFM Trading managed over $3.5 billion of assets on behalf of esteemed clients around the world.
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