Embracing Digital Transformations to Optimize Last-Mile Deliveries in the Philippines
One of the most critical components of the supply chain is the last mile. A key factor in impacting customer satisfaction and loyalty to your brand or service, last-mile delivery execution is not only an important but an extremely nuanced undertaking for LSPs. Philippine industry is experiencing rapid growth. This has been driven by factors such as increased demand for food, beverages, and manufacturing products; the rise in internet users — 73.9 million recorded in the Philippines in 2021; and investors like China, Japan, Taiwan, and Holland …
Going Digital: What it Means for the Philippine Freight Forwarding Industry
The Philippines freight forwarding industry is going through a significant transformation with the advent of digitalization. What does digitalization mean for the Philippines freight forwarding industry, and how will it impact the sector? From automating processes to digitizing documents, freight forwarders are increasingly turning to technology to streamline operations and improve customer experience. According to a recent report by Grand View Research, the global digital freight forwarding market is projected to reach $54.82 billion by 2027,…
How SME Freight Forwarders in PH are Moving from Challenges to Triumphs
The freight forwarding industry plays a crucial role in the global economy, facilitating movement of goods and materials across borders. In the Philippines, small and medium-sized enterprises (SMEs) comprise a significant portion of the freight forwarding industry. From coordinating shipments to managing paperwork and documentation, freight forwarding can be a complex and time-consuming. Fortunately, Logi-Sys , an all-in-one freight forwarding and logistics management software, has emerged as a powerful tool to help SMEs overcome these chall…
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Navigating the Roadblocks: Challenges in Digitalizing the Philippine Freight Forwarding Industry
The Philippine freight forwarding industry has been growing at a steady pace in recent years. However, with the rise of digital technologies, freight forwarding companies are facing challenges in adapting to the new environment. Digitalization brings significant benefits, such as improved efficiency, enhanced customer experience, and better risk management. The industry must navigate several roadblocks to realize these benefits fully. One of the most significant challenges in digitalizing the Philippine freight forwarding industry is the lack …
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The Future of Freight Forwarding in the Philippines: Predictions and Trends in Technology Adoption
Research by Frost & Sullivan predicts that the Philippine logistics market will grow at a compound annual growth rate (CAGR) of 10.5% from 2020 to 2025, reaching a value of $60.22 billion. But what’s driving this growth? The increasing adoption of technology and digitalization, of course! With the adoption of new technologies and innovations, the industry expects to undergo a rapid transformation and see an evolution in how goods are transported and managed in the Philippines market. A study by the Global Alliance of Logistics and Supply C…
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8 Proven Ways to Grow Freight and Logistics Business in the Philippines Market
The freight and logistics industry is a top contributor to the Philippines’ economy due to the country’s growing economy and the increasing need for the transportation of goods. The Philippine freight and logistics industry is expected to grow to USD 23.7 Million by 2027, with a compound annual growth rate of 7.23% during the forecast period from 2022 to 2027. In research by Ken Research, the Philippines Logistics Market is expected to grow at a CAGR of 8.2% , 2022P- 2027F owing to the rapid improvement in the logistics infrastructure taken b…
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Changing Dynamics of Logistics in Southeast Asia
The logistics industry in Asia is rapidly emerging as the global hub. The industry players are realizing the importance of expanding their businesses in the region to remain competitive. Southeast Asian countries are experiencing faster economic growth than others, making them a prime destination for logistics investments and growth opportunities. By 2030, it is forecasted to account for half of the world’s trade growth, with 55% of the growth coming from trade between Asia and other regions. According to McKinney’s analysis, exceptional expan…
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