Temu's Entry Impacts Thailand Post's E-commerce Logistics
The entry of Chinese e-commerce giant Temu is significantly impacting Thailand Post's logistics services, causing a 20-50% drop in daily volumes since July 2024. President Dhanant Subhadrabandhu plans to collaborate with Temu, aiming to sustain revenue amid economic challenges. Additionally, Thailand Post aims to achieve an 85% electric vehicle fleet by 2030 and 100% by 2040 for sustainability.
The introduction of Chinese e-commerce leader Temu has significantly affected Thailand Post's logistics service, with daily volumes for various platforms dropping by 20-50% since July 2024.
TikTok's logistics activities with Thailand Post declined by 50% during this period, according to Thailand Post president Dhanant Subhadrabandhu.
Temu's competitive pricing and business model present a critical challenge to local retailers both online and offline.
The state agency seeks to collaborate with Temu, similar to its partnerships with Shopee, Lazada, and TikTok.
Meeting with Temu representatives is planned for next month.
Additionally, diminished consumer spending and economic challenges are curbing e-commerce growth.
Thailand Post aims to diversify its revenue by ensuring collaboration with all e-commerce platforms.
Logistics services make up 45% of Thailand Post's revenue.
The company also plans a joint venture with a major Chinese logistics firm in early 2025 to boost bilateral transactions.
Separately, Thailand Post aims for an 85% electric vehicle fleet by 2030 and 100% by 2040 for sustainability.
TikTok's logistics activities with Thailand Post declined by 50% during this period, according to Thailand Post president Dhanant Subhadrabandhu.
Temu's competitive pricing and business model present a critical challenge to local retailers both online and offline.
The state agency seeks to collaborate with Temu, similar to its partnerships with Shopee, Lazada, and TikTok.
Meeting with Temu representatives is planned for next month.
Additionally, diminished consumer spending and economic challenges are curbing e-commerce growth.
Thailand Post aims to diversify its revenue by ensuring collaboration with all e-commerce platforms.
Logistics services make up 45% of Thailand Post's revenue.
The company also plans a joint venture with a major Chinese logistics firm in early 2025 to boost bilateral transactions.
Separately, Thailand Post aims for an 85% electric vehicle fleet by 2030 and 100% by 2040 for sustainability.
