The Philippine logistics and warehousing industry remained steadfast amid the coronavirus disease 2019 (Covid-19) pandemic, noted
Colliers International Philippines in its 2021 outlook report as retailers further tap the steadily growing e-commerce market. Likewise, the property consultancy firm forecasts a “healthy demand” for warehouses in 2021 onwards, also noting the segment already accounts for 70
percent of the country’s economic output along with the growth in
storage investments in the Philippines.
With forecasted growth at a rate of 8.2% to 8.8% for the period 2018–2024 and was projected to be a Php 970 billion to Php 1 trillion market by 2023- as per Lobien Realty Group- contributed by several factors such as improve ease of doing business, continues transport
infrastructure projects (BUILD BUILD BUILD), increase of use of online shopping, international trade, specialized booming industries and a lot more.
The Philippine warehousing and logistic Virtual Summit aims to gather all stakeholders to discuss the Philippine logistic roadmap, plans,
situation, challenges, opportunities, expansion plans and latest
technological innovations to improve efficiency, cater enormous
logistics and warehouse demand and to improve service while
increasing profitability for their clients.
