Sintesa Group’s business collaboration with Time Express will provide services including domestic e-commerce, international cross-border e-commerce, e-commerce functionality and e-commerce technology. With comprehensive business-to-customer services and solutions, the services will make it easier for consumers through digital reservation systems, freight from origin, distribution to ensure delivery to end points that can be monitored directly by consumers.
This new business line of the Sintesa Group focuses on SMEs as its main market share. The service aims to facilitate the whole process for users, from pick-up, safe and fast handling of parcels, supported by 24/7 customer service. Service users can also arrange their own delivery and pickup schedules as well as estimate shipping costs and arrival time in real time.
The potential of the e-commerce market continues to grow alongside the rapid development of information and communication technologies and changes in the delivery culture of many companies. Since the pandemic, e-commerce activity has skyrocketed 69% and has become a catalyst for increased ground logistics traffic. This great opportunity has been carefully seized by Kamdani through his company to provide services to support MSMEs in Indonesia.
Additionally, based on data published by Redsheer in November 2020, the logistics services business has seen drastic growth nationwide of up to 400% in just under a year of the onset of the pandemic. He also said the most profitable business models are courier services and e-commerce logistics services.
Majed Zambaraji as Founder and CEO of Time Express said, “The business partnership with Sintesa Group is the right collaboration to enter the Indonesian market, considering Sintesa Group’s track record as an Indonesian national company with 100 years of experience in running a business in Indonesia. We want to encourage businesses to Indonesia provide services to consumers through the delivery of goods that serve convenience and safety at affordable costs.”
Kamdani added, “Our goal is to start operating this logistics service in mid-2022. Time Express is the right global partner to enter the Indonesian logistics market, as it already provides similar services in 21 countries around the world with around 2.5 million service users.
Through this new business expansion, Kamdani hopes to open employment opportunities and enable MSMEs to provide business services in Indonesia send their products quickly, securely and professionally using the latest digital technology platform. Jahani and Associates served as exclusive advisor on this transaction.
About Sintesa Group
Sintesa Group is a strategic investment holding company headed by Shinta Widjaja Kamdani. The Sintesa Group has grown from a family business during its 100-year journey since its establishment in 1919. With a corporate vision of sustainable excellence, the Sintesa Group is committed to developing its activities and processes in accordance with global commitment to sustainable development. Development Goals (SDGs). The transformation of the Sintesa Group into a company of sustainable excellence is achieved through its roadmap of the SDGs “Sintesa for the Earth”, which has become their navigation of responsible business and operational development in accordance with sustainable principles.
The Sintesa Group focuses on managing its business portfolio through 4 main pillars: industrial products, energy, consumer products and real estate, which are managed by more than 15 subsidiaries.
About Time Express
Time Express is a global leader in courier services headquartered in the United Arab Emirates, specializing in the delivery of parcels by land, sea and air. Since its establishment in 2015, Time Express has expanded its business globally by providing services in countries around the world. Middle East, Europe, North America and South East Asia.
About Jahani Associates
The strategic partnership between Sintesa Group and Time Express was initiated by Jahani Associates as financial advisor. Jahani Associates is an investment bank that focuses on developing mid to lower market businesses and operates in North Americathe Middle East and South East Asia.
SOURCE Jahani & Associates