Technology or Government key initiatives- who plays a big role in enabling the Philippines e-commerce logistic market to reach PHP 67 billion in the next five years? – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The escalation in the number of smartphones in the country, the fast-growing middle-class population, high consumer confidence, changing consumer preferences, etc. have augmented the growth of e-commerce leading to surging demand for e-commerce logistics as well in the country. The Philippines e-commerce is anticipated to expand with a double-digit CAGR in the next few years. 1. Philippines E-commerce logistics grew at a CAGR of ~40% between 2019 and 2020 owing to the rising preference for online shopping due to the perks attached to it Online shopping trends in the Philippines: Click to know more The Philippines’ E-commerce logistics market has been observed in its early growth stages of development, thus growing year on year majorly due to rising E-retailing coupled with an increase in the number of online orders. The number of online shoppers has increased tremendously due to the Convenience & Huge Discounts offered by Leading Marketplace Platforms. Moreover, Expansion in Internet Services (~71% internet penetration1 in 2020) coupled with increasing demand for online logistics services have collectively given a boost to the development of the E-commerce logistics industry in the Philippines. 2. However, the country has some logistics constraints that inhibit growth but the government is on the way to resolving the bottleneck and helping the market to thrive To learn more about this report Download a Free Sample Report The e-commerce logistics market has several bottlenecks. Existing burdensome and complicated customs processes have been the subject of a lot of complaints, even for low-value shipments. Moreover, a lack of awareness of customs taxes and duties has resulted in creating confusion among those Filipino consumers who buy online from international websites and those who ship local products to international buyers. Also, a unique challenge for an online merchant in the Philippines is the low trust among Filipino consumers towards credit cards. According to a Money Max survey, many Filipinos are reluctant to get credit cards because they fear it will lead to overspending and debt. To curb these issues, the government has been taking several initiatives 3. Additionally, the technology disruption will enhance the e-commerce shipment in the country and enable the logistic sector to boom with double-digit growth in the future Visit this Link: – Request for custom report The Philippines e-commerce logistic market is poised to witness technological disruption. Machine Learning and Big Data Analytics can resolve the existing inefficiencies in the market. Further, up gradation in Technology such as GPS Monitored Robots, Drones, Inbuilt RFID, GPS, IoT, and telematics that will be used for tracking Inventory. This will lead to an 80% increase in damage protection, 25% rise in vehicle utilization, and a 20% growth in line haul visibility. Also, real-time tracking in the last mile delivery will enhance the number of deliveries by 35% in the industry. Owing to technological advancement along with government strong initiatives to support e-commerce logistics in the Philippines, the market has a high potential to grow with a double-digit CAGR in the next five years. Tags: Adidas Revenue Share Philippines, Air Logistics Industry Philippines, Aliexpress Market Revenue Philippines, Avon Logistics Market Share Philippines, Challenges E-Commerce Solutions Sector Philippines, Ebay Market Share Philippines, Emerging Players in Courier Service Industry Philippines, Express Delivery Industry Philippines, Funds Raised Startups Delivery Service Providers Industry Philippines, Goods Revenue Stream Philippines, Investment E-Commerce Logistics Market Philippines, Lazada Logistics Market Revenue Philippines, Leading E-Commerce Service Philippines, Major Delivery Logistics Companies Philippines, Mango Express Income Philippines, Manila Logistics Sector Outlook, Number of 3pl Companies Philippines, Number of Accepted Orders in Philippines, Number of Airports Philippines, Number of E-Commerce Companies Philippines, Number of E-Commerce Merchants Philippines, Number of Express Delivery Providers Philippines, Number of Logistics Service Providers Philippines, Number of Ports Philippines, Number of Returned Order in Philippines, Number of Trucks Philippines, Number of Warehouses Philippines, Opportunities Logistics and Shipping Carrier Market Philippines, Philippines 3pl Companies Market Share, Philippines Cash On Delivery Logistics Industry, Philippines Courier Service Provider Market, Philippines Delivery Service Provider Market, Philippines Digital Logistics Service Market, Philippines Domestic Shipment Revenue Share, Philippines E-commerce Logistics Market, Philippines E-Commerce Logistics Market Lenders, Philippines E-Commerce Logistics Market Trends, Philippines E-Commerce Services Industry, Philippines E-Commerce Shipping Sector Outlook, Philippines E-Commerce Solutions Industry, Philippines Express Delivery Service Providers, Philippines Fashion & Accessories Industry, Philippines Ground Shipment Industry, Philippines International Shipment Market, Philippines Leading Players Digital Logistics Market, Philippines Logistics and Shipping Carrier Industry Outlook, Philippines Same Day Delivery Market, Philippines Sea Logistics Industry, Philippines Wemall Market Revenue, Takatack Market Revenue Philippines, Taobaoo.Com Logistics Income Philippines, Top 5 Funded Digital Logistics Philippines, Top Captive Players E-Commerce Logistics Industry Philippines, Type of Mode of Transport Philippines, Urban Concepts Income Philippines, Zalora Market Share Philippines, Zilingo Market Share Philippines