Freight and Logistics Latest Industry Trends and Regional Forecast in Philippines

Posted by LDM-tech

Philippine’s freight and logistics market is expected to grow at a CAGR of around 8.2% during the forecast period. Currently, with the advent of new web technologies and the surge in e-commerce business in the Philippines, last-mile logistics has gained popularity, especially among the country’s domestic shipping companies.

Many distribution and warehousing centers in the Philippines are turning to technology and robotics to improve efficiency, accuracy, and overall productivity in the near future. In addition, the Philippine Department of Trade and Industry launched the National Logistics Master Plan, aims to enhance the competitiveness of the Philippines by creating an efficient transportation and logistics sector. This will contribute to the strength and resilience of the Philippine economy.

With the popularity of the Internet, the e-commerce industry in the Philippines is in a stage of rapid development. About 71% (76 million) of the country’s population are internet users, of which 70% are online shoppers. With the booming e-commerce sector, the need for efficient delivery of goods is increasing. Therefore, in addition to e-commerce, the express shipping market in the region is also booming. Courier services, including document, mail, parcel and courier services, offer faster delivery times at premium prices and are popular among Filipinos. The courier system establishes door-to-door connections in domestic and international markets and has developed advanced tracking facilities to meet the time-sensitive needs of the logistics sector.

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