One of the country’s conglomerates has entered the logistics business, bullish of the continued growth of the economy.
JG Summit Holdings Inc. has partnered with the division of German logistics group DHL, DHL Supply Chain, in putting up “best-in-class transport and distribution solutions” for Philippine-based and international businesses in the country.
“The joint venture company – DHL Summit Solutions Inc. – leverages the strengths of both parties to enhance domestic transportation operations to improve safety, compliance and customer experience in the Philippines,” JG Summit said in a statement.
Lance Gokongwei, JG Summit president, said the joint venture is anchored on the projected six percent growth of the Philippines.
“Businesses will need to invest in world-class logistics and warehousing services to stay ahead of the competition,” Gokongwei said.
“With our diverse business portfolios and local networks, we are committed to help homegrown and international companies in the Philippines achieve their next phase of growth. Working with DHL is the ideal move for us, as we leverage their global footprint and tap onto their expert knowledge to provide integrated industry-leading services,” he added.
Terry Ryan, DHL Supply Chain, Asia Pacific, chief executive officer, said, the partnership is also anchored on the “greater investment by the government on enhancing infrastructure such as setting up integrated logistics and industrial parks.”
“Customers can count on our expertise in this aspect to serve their needs. Our global network and local expertise puts us in good stead as the most reliable logistics partner they need, to fully capitalize on the market opportunities,” Ryan said.