Mr. Natthapong Khunakarawong, CEO of SC Asset Corporation Public Company Limited (SC), discussed the company's entry into the logistics business, recognizing opportunities from the growth of E-commerce due to changing consumer behaviors, stating, “SC Asset has laid out a 4-year growth roadmap, 'Thriving for Good', aiming to generate total revenue of 100 billion baht from 2022 to 2025. One of the key strategies is to grow in existing markets while seeking opportunities in new areas. The new business will increase the proportion of profits from recurring income to 20-25%.

One of the new business ventures that SC is pursuing is the logistics sector to capitalize on the growth opportunities in E-commerce. SC has established a subsidiary named SCX One Company Limited with a registered capital of 100 million baht, which has a roadmap to develop a warehouse and parcel sorting center covering 1 million sqm by 2030.“

 

As for the strategic partner in the first phase, SC has teamed up with a key strategic partner, Flash Group, a leader in comprehensive E-commerce and the first unicorn in Thailand (valued at over 1 billion US dollars). Both companies will combine their unique strengths to jointly develop warehouses and parcel distribution centers across the country, totaling 300,000 sqm, with the first location in Nakhon Sawan, aiming to be operational by the end of 2023.

Mr. Komsan Lee, CEO of Flash Group, a comprehensive E-commerce service provider, revealed that the goal of Flash Group is to become a full-service provider in the E-commerce sector to drive the industry forward efficiently. We aim to integrate the Ecosystem and supply chain together. We are also committed to strengthening Thailand's E-commerce system to operate comprehensively in all dimensions, creating a competitive advantage in the global market. Our collaboration with SCX One is to merge our capabilities and experiences to develop warehouses and parcel distribution centers nationwide, covering over 300,000 sqm to meet international standards. Flash Group believes that the comprehensive warehouses and distribution centers resulting from this significant collaboration will enhance the efficiency of E-commerce operations and foster sustainable long-term growth.