Global logistics leader UPS (NYSE: UPS) has announced the latest enhancement to its services in the Philippines in a move that will help the country’s businesses capitalize ongrowing consumer demand for global e-commercedeliveries.
The enhancement, which speeds up delivery times to more postal codes in Luzon, comes at a time of rapid growth for the e-commerce industry in the Philippines. It means deliveries of the UPS’s Worldwide Express shipments to more areas of Metro Manila and Pampanga can now be completed several hours earlier, either by 12:00 noon or 2:00 p.m.
This is the latest in a series of enhancements by UPS to its services in the Philippines, and follows the expansion of the company’s airport hub in Clark to increase package processing capacity. UPS also recently announced the relocation of its Cebu Center nearer to the Mactan-Cebu International Airport to offercustomers more flexibility and a widened time window of up to one hour to consolidate export shipments to meet same-day departure.
“E-commerce is one of the biggest cross-border trade growth opportunities available today, particularly for small and medium-sized businesses (SMB),” said UPS Philippines Managing Director Russell Reed.
“Our own research shows that helping SMBs stay competitive is key to intra-Asia trade achieving its full potential by the end of the decade. This is why we continue to work to level the playing field by improving and enhancing the services we offer to our customers so that they can manage their inventory more efficiently, process more orders on a daily basis, and reach more of their customers faster than they could before.”
Results from UPS’s intra-Asia study show that the Philippines’ trade with 11 other leading economies inAsia Pacific could more than triple by 2030, withdigitalization, e-commerce and inclusive policies for small businesses all providing growth opportunities.
The Philippines’ digital economy is expected to reach a gross merchandise value of $35 billion by 2025, up from $20 billion in 2022, according to a report by Google, Temasek, and Bain & Co. The e-commerce sector will be its main driver, which is projected to hit $22 billion by 2025, growing at a compound annual growth rate of 17% between 2022 and 2025.