The third-party logistics services provider has acquired a two-story, 177,000-square-foot warehouse near Singapore’s Changi International Airport for about $18.25 million.
Third-party logistics services provider Agility has acquired a two-story, 177,000-square-feet warehouse near Singapore’s Changi International Airport for about $18.25 million.
Agility has operated in Singapore for more than 40 years and employs about 400 people there. It owns four other warehouses in Singapore and now has a collective capacity of 600,000 square feet in this market.
Mykell Lee, Agility’s chief executive officer in Singapore, said the new warehouse acquisition gives the company more capacity for value-added services, such as testing, assembly, configuring, labelling and packing.
“We aren’t just storing goods within four walls. In an expensive market like Singapore, customers want service innovation,” Lee said in a statement. “We are offering them technology-driven solutions to optimize their supply chains across the region.”
Agility’s Singapore operation provides tracking and visibility systems that allow customers to oversee rapid inventory turns and complex supply chains. “For our fashion and retail customers, for example, we’re also the ones tagging goods with price and security labels, managing reverse logistics, promotions, and warehouse and atrium sales,” Lee said.
Agility boosts operations at Changi airport
