SEKO acquires majority stake in Omni-Channel Logistics
Sep 07, 2018: In a latest move, US-based supply chain specialist SEKO Logistics has acquired a majority stake in its strategic partner Omni-Channel Logistics.
Since Kai Lincoln, managing director and his partners launched Omni-Channel Logistics in Australia in early 2014, the two companies have enjoyed a highly successful and growing partnership. However, in 2013, SEKO created a new integrated eCommerce and logistics division with SEKO Omni-Channel Logistics to fast track traditional brick-and-mortar retailers into the global eCommerce market.
The SEKO Omni-Channel Logistics team under Kai has focused on cross-border eCommerce and global eCommerce returns solutions and has since grown its annual revenues by giving major brands and SMEs fast and easy access to primary eCommerce markets in Hong Kong, the US, UK and Southeast Asia, as well as Australia and New Zealand.
Kai Lincoln will continue to lead SEKO Omni-Channel Logistics for cross-border eCommerce and global eCommerce returns.
SEKO planned this major move of acquiring majority stake as by the end of 2017, more than half of SEKO’s global airfreight tonnage consisted of retail goods, with the majority coming from cross-border eCommerce parcels and global parcel returns.
Lincoln said: “As a start-up business in 2014, we recognised the importance of having a reputable global brand behind us.”
SEKO Omni-Channel Logistics gives customers the total solution they need to grow, including intercontinental fulfillment options, plus, as a major global air freight forwarder, the ability to manage the entire Omni-Channel retailing process in-house; from down route access at origin, through linehaul and local injection services at destination, including final mile, white glove and home delivery solutions.
SEKO Omni-Channel Logistics’ international delivery management, cross border eCommerce and global eCommerce returns solutions offer customers reduced transit time and lower cost to international markets for faster expansion; reduced cart abandonment rates internationally with lower shipping costs and leveraging and consolidating multiple final mile courier and postal options.
“This is a significant investment for SEKO Logistics and solidifies our relationship with what we see as the industry’s leading cross-border eCommerce team. As we continue to invest in market expansion focusing on cross-border eCommerce and returns, the big winners will be our clients as we continue to push shipping and technology boundaries to a new level for retailers, pure-play etailers, marketplaces and platforms,” stated Mark White, SEKO Logistics’ chief commercial officer.
Also, SEKO’s eCommerce services will be further enhanced by its new strategic partnership with Hermes Germany, which will see both companies combine their B2B and B2C competencies.
In 2014, SEKO Logistics also acquired an equity stake in full-service eCommerce agency, Red Hot Penny, in support of its strategy to provide a complete solution for growing retailers.