FOR IMMEDIATE RELEASE
Pressnews.biz (Press Release) Mar 4, 2014
-- The growth of export and import activities in the Philippines has significantly contributed to the growth of the logistics market. The rising international trade has highlighted the role of different channels such as sea, road and air freight forwarding, which has in turn helped in the movement of freight to their target destinations.
“Technological advancements and increasing exports and imports in the Philippines have played a vital role in the logistics industry in the country. The express and logistics market in the Philippines has witnessed a growing need of maritime, aviation and land transport systems to ensure efficient flow of resources and commodities within the country as well as to other countries globally” - According to the research report ‘Philippines Express Delivery and Logistics Services Market Outlook to 2017’ by Ken Research
Philippines has a strong presence of maritime industry which firmly support international trade and is one of the important industries that drives growth and globalization in the logistics market in the country. Philippines is one of the emerging economies amongst the Asian countries and the country’s economy has steadily grown in the recent years owing to the inflow of foreign direct investments in automotive, electronics, retail goods and manufacturing. The growth of these industrial sectors has resulted in an increased demand of logistics services in the Philippines over the past few years.
The future of the express delivery and logistics market is likely to showcase a favorable growth trend on account of infrastructure development and rising export and import activities in the country. Additionally, the sectors which are expected to be particularly dependent upon express delivery and logistics services will include healthcare, telecommunication, electronics and retail sectors. An increase in the consumer spending will provide a strong impetus for the growth of these sectors and thus will affect the logistics market positively.
The report provides detailed overview on the express and logistics market in the Philippines and help reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, express delivery and logistics companies and marketing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.
Contact Person: Ankur Gupta
E-mail: [email protected]