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Economic growth in the Philippines leads to market entry of new logistics players

Economic growth in the Philippines leads to market entry of new logistics players Main

The Philippines, known in Southeast Asia for its robust electronics exports, continues to grow strongly with GDP growth of 6.9% in the First Quarter of 2016 according the Philippines Statistics Authority (PSA).

This broad economic growth is driving increased investor interest in parallel enabling economic sectors, particularly the transport and logistics sector. This includes domestic transportation of cargo, merchandise, goods, and materials as well as inventory management, freight forwarding, and storage and inventory. Together, these are often referred to as supply chain management services or SCM.

Supply chain management or SCM interconnects various transport and logistics channels including the import, export, freight forwarding, and domestic movement, storage, and management of commercial goods.

Amongst the international investors who have stepped up their interest in the Philippines is Inspire Ventures, one of Southeast Asia’s most active venture builders. Inspire is preparing to launch Transportify in Mega Manila.

Transportify is Inspire’s answer to Supply Chain Management or SCM disruption. With its technology driven platform, Transportify will reduce logistics and freight costs and increase efficiency for SMEs operating in Mega Manila and its surrounding areas.

For more information about Transportify’s services and pricing, please visit our website at www.transportify.com.ph or download our mobile app on Android or Apple. You may also email us at support@transportify.com.ph.