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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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Why is Logistics Business Success Directly Proportional to Customer Success?
2022 saw significant fluctuations in growth as companies underwent rapid transformations and the global economy shifted. In the upcoming year, organizations need to make significant changes to how they serve their customers to achieve sustainable and scalable growth. Customer success (CS) will be the primary focus of every employee in a corporation and will become an enterprise-wide operating model in 2023. As a result, businesses need to effectively scale their operations through digital initiatives and automation while providing value to cus…
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Why is Logi-Sys gaining popularity among the Philippines forwarders?
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. This growth is due to the rising number of online buyers and the growth of online retail in the country. In recent years, the previously fragmented freight forwarding market has seen an influx of new players entering the logistics sector, driven by the high potential for growth in the e-commerce industry in the Philippines. In addition to well-established intern…
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Impact of E-commerce Growth in the Philippines Freight & Logistics Market
The COVID-19 pandemic has led to a significant increase in e-commerce activity in the Philippines due to lockdowns and restricted movement. This growth in e-commerce is expected to significantly impact the country’s freight and logistics market, as demand for efficient and reliable delivery services continues to rise as more consumers turn to online shopping. Consumers expect to receive their products quickly and on demand, putting pressure on the logistics industry to meet these expectations, leading to a shift in the supply chain strategy. T…
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Digital Transformation in the Philippines Logistics Industry: Why & How?
According to recent research by Ken Research, the Philippines logistics market is forecasted to grow to PHP1160 Bn by 2027. The Philippine logistics sector is expanding rapidly, owing primarily to the surge in demand from e-commerce and increased investment in infrastructure by the government. The pandemic augmented e-commerce activities and accelerated online shopping in the country. Other major industries contributing to the revenue of the logistics market in the Philippines include Ecommerce, F&B, Manufacturing, Electronics, Automotiv…
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