Singapore Post (SingPost) and Lietuvos paštas (Lithuania Post) have announced a significant collaboration with the signing of a Memorandum of Understanding (MOU) aimed at strengthening cooperation in the postal and express delivery sectors.
The MOU was signed during a ceremony held in Singapore on 8 May, attended by senior representatives including Marius Skuodis, Minister of Transport and Communications of the Republic of Lithuania, and Darius Gaidys, Ambassador of the Republic of Lithuania to Singapore, alongside executives from SingPost and Lithuania Post.
Speaking at the event, Li Yu, CEO of International at SingPost, expressed enthusiasm for the partnership, emphasizing a shared vision of facilitating seamless and reliable deliveries across international borders. The MOU reflects a commitment to explore innovative solutions that benefit customers and businesses alike.
Rolandas Zukas, CEO of Lithuania Post, echoed this sentiment, highlighting the collaboration as a strategic move towards innovation and growth within the global postal industry. He emphasized the potential for long-term value creation and knowledge sharing resulting from the partnership.
The MOU outlines various areas of collaboration, including shared expertise and knowledge exchange through joint meetings and site visits. This exchange aims to facilitate communication between experts from both postal services to address challenges and promote postal development.
Additionally, the collaboration will involve cooperation on regulatory and market insights, focusing on understanding postal laws, market supervision, and technological innovations. This exchange of knowledge will enable both organizations to leverage mutual learning and identify potential cooperation opportunities.
Another key aspect of the partnership is international advocacy and support within the global postal network. SingPost and Lithuania Post will work together to strengthen communication and mutual support within organizations like the Universal Postal Union (UPU) to advocate for policies that benefit the wider postal community.
Furthermore, the MOU emphasizes cooperation in the development of e-commerce and logistics solutions. As the e-commerce landscape continues to evolve, the partnership will focus on enhancing service offerings, improving service quality, and meeting the evolving needs of customers in the international parcel market.
The collaboration between SingPost and Lithuania Post represents a strategic step towards fostering innovation, growth, and enhanced service capabilities in the global postal and express delivery sectors. By leveraging each other’s expertise and resources, both organizations are poised to deliver greater value and efficiency to customers in an increasingly interconnected world.
