Connect with us

Technology

Philippines On-Demand Logistics Market Surges: $5.2 Billion Boom by 2026 Fueled by E-commerce & Smartphone Growth: Ken Research

Published

on

GURUGRAM, India, Feb. 15, 2024 /PRNewswire/ — Get ready, Philippines! The on-demand logistics market is experiencing an exciting surge, fueled by booming e-commerce, rising smartphone penetration, and a growing demand for convenience. Ken Research’s “Philippines On-Demand Logistics Market Outlook to 2026″ report predicts a phenomenal 14.8% CAGR, translating to a substantial $5.2 billion market size by 2026. This press release unlocks the key drivers, challenges, and promising prospects shaping this dynamic landscape. 

Market Overview: Delivering Convenience, Empowering Consumers 

Beyond simply moving goods quickly, the Philippines’ on-demand logistics market plays a crucial role in supporting e-commerce growth, enhancing customer experience, and empowering Filipinos with convenient access to various products and services. In 2022, the market reached a size of $2.2 billion, and it’s on track for remarkable expansion, driven by: 

E-commerce Boom: With increasing internet penetration and mobile adoption, online shopping is thriving, creating a surge in demand for efficient and speedy deliveries. Smartphone Growth: Widespread smartphone usage fuels accessibility and convenience, allowing consumers to easily order and track deliveries on-demand. Shifting Consumer Preferences: Filipinos are increasingly prioritizing convenience and faster delivery options, driving the demand for on-demand logistics services. Growing Urban Population: Urbanization trends necessitate innovative last-mile delivery solutions to cater to densely populated areas. 

Interested to Know More about this Report, Request a Free Sample Report

Market Segmentation: Diverse Needs, Specialized Solutions 

The report delves into the diverse segments of the Philippines’ on-demand logistics market, offering a comprehensive view: 

Delivery Types: Food & grocery delivery leads the demand (50%), followed by e-commerce deliveries (30%) and express deliveries (20%). On-demand services for medicine, documents, and other verticals are emerging. Business Models: B2C deliveries hold the largest share (70%), followed by B2B deliveries (20%) and peer-to-peer (P2P) deliveries (10%). Logistics Partners: Third-party logistics (3PL) providers dominate (60%), followed by dedicated on-demand platforms (30%) and traditional courier companies (10%). 

Competitive Landscape: Local & Global Players Collaborate 

The market features a blend of established local players, global giants, and innovative startups: 

Local Leaders: Lalamove, Grab, and Angkas remain prominent players with extensive networks and strong brand recognition. Global Giants: DHL, FedEx, and DP World are making inroads with their global expertise and technological advancements. Emerging Challengers: Local startups like Entrego and Pickabar, focusing on niche segments like same-day grocery delivery and cold chain logistics, are disrupting the market. 

Visit this Link :- Request for custom report

Challenges: Navigating the Roadblocks to Growth 

Despite the promising outlook, some challenges need to be addressed: 

Infrastructure Gaps: Limited cold chain infrastructure, underdeveloped rural roads, and traffic congestion can hinder efficient and timely deliveries. Limited Skilled Workforce: Finding and retaining qualified personnel, particularly in areas like data analytics and delivery drivers, remains a challenge. Regulatory Hurdles: Complex regulations and licensing procedures can impede market growth and innovation. Profitability Concerns: Intense competition and price pressure can squeeze profit margins for smaller players. 

Future Outlook: A Brighter Horizon Fueled by Technology & Partnerships 

The Philippines’ on-demand logistics market is poised for continued growth, driven by several exciting factors: 

Technological Advancements: Adoption of AI, route optimization tools, and data analytics will enhance efficiency, improve delivery speeds, and personalize customer experiences. Focus on Sustainability: Green logistics initiatives like electric vehicles and eco-friendly packaging will gain traction, attracting environmentally conscious consumers and investors. Strategic Partnerships: Collaborations between established players, startups, and government agencies will foster innovation and address infrastructure gaps. Investment in Rural Areas: Increased investments in rural infrastructure and last-mile delivery solutions will improve accessibility and connect communities. 

Key Takeaways for Stakeholders: 

This report offers valuable insights for various stakeholders in the Philippines’ on-demand logistics market, including: 

Logistics Companies: Identifying high-growth segments, adopting innovative technologies, offering value-added services, and prioritizing sustainable practices. Investors: Understanding market trends, assessing investment opportunities in promising segments like grocery delivery and cold chain logistics. Policymakers: Formulating policies that address infrastructure gaps, promote skilled workforce development, and create a regulatory environment that fosters innovation and competition. Consumers & Businesses: Gaining insights into the diverse range of on-demand delivery options available 

Conclusion: Building a Resilient and Inclusive On-Demand Logistics Ecosystem 

The Philippines’ on-demand logistics market stands poised for a remarkable journey, fueled by its vibrant e-commerce sector, rising smartphone penetration, and a growing consumer preference for convenience. By embracing technological advancements, fostering collaboration between established players and innovative startups, and addressing key challenges like infrastructure gaps and skilled workforce shortages, the sector can unlock its full potential. This will not only benefit businesses and investors but also empower Filipinos across the archipelago, ensuring equitable access to goods and services, regardless of location, through efficient and sustainable on-demand deliveries. Ultimately, navigating these opportunities and overcoming challenges will determine whether the Philippines’ on-demand logistics market can truly revolutionize the delivery landscape and empower a more connected and prosperous nation.

Request free 30 minutes analyst call

Taxonomy

Philippines On-Demand Logistics Market Segmentation

By B2C/B2B/C2C

B2B

B2C

C2C

By On Demand Segment

Food Delivery

Last Mile Logistics

Grocery

By Geography

Metro Manila

Visayas

Mindanao

North Luzan

Other Regions

Philippines On-Demand Food Delivery Market Segmentation

By Region

Greater Metro Manila

Visayas

Mindanao

North Luzon

Other Regions

By Average Delivery Period

Under 30 Minutes

30-45 Minutes

45-60 Minutes

By Gender

Male

Female

By Age Group

18-24

25-34

35-44

45 Above

By Cuisine Type

Fast Food

Filipino

Beverages

Chinese

Chicken

Others

By Frequency of Ordering

Everyday

2-3 Times a Week

Once a Week

Every 2 Weeks

Once a Month

Once Every 6 Months

Once a Year

Less than Once a Year

Philippines on-Demand Grocery Delivery Market Segmentations

By Regions

Greater Metro Manila

Visayas

Mindanao

North Luzon

Other Regions

By Average Delivery Time Taken

Under 30 Minutes

30 to 60 Minutes

1 Hr. to 2 Hrs.

More than 2 Hrs.

By Gender

Female

Male

By Age Group

18-24

25-34

35-44

45 Above

By Product Category

Grocery

Bakery, Snacks & Sweets

Home Essential, Gift & Pet

Health & Wellness

Other Items

By Frequency of Ordering

Everyday

2-3 Times a Week

Every 2 Weeks

Once a Week

Once a Month

Once Every 6 Months

Once a Year

Less than Once a Year

Philippines on-Demand Last Mile Logistics Market Segmentations

By Regions

Greater Metro Manila

Visayas

Mindanao

North Luzon

Other Regions

By Average Delivery Time Taken

Under 30 Minutes

30 to 60 minutes

1 Hr. to 3 Hrs.

Same Day

By B2B/B2C & C2C

B2B

B2C

C2C

By B2C End User

Food Delivery

Super Marts & Conveyance Stores

Furniture & Home Essential Stores

Medical Store Deliveries

Others

For More Insights On Market Intelligence, Refer To The Link Below: –

Philippines On Demand Logistics Market

Related Reports by Ken Research: –

MDO PET Films Market in UAE Outlook to 2027 Driven by increasing population, food and beverage demand and pharmaceutical consumption

Rise in cross-border shopping, with 58% of online purchases made from overseas vendors due to reliable shipping methods, and favorable pricing are the key drivers of e-commerce in the country. The growth of e-commerce in the UAE will boost the demand for packaging materials, especially tapes which are manufactured via MDO PET Films.

UAE Movers Market Outlook to 2028 Driven by Real Estate and Infrastructure Development and Growing Expatriate Population in the Country

Future market size for UAE Movers set for substantial growth from 2022 to 2028. Launch of over 10,000 new townhouses and villas in May 2022, with handover expected by 2025, indicating a surge in property developments and increased demand for moving services. Ongoing urban development projects, including new residential communities and commercial centers, anticipated to boost the demand for professional movers.

Australia Cold Chain Market Outlook to 2027 Driven by Rising Meat and Seafood Consumption Owing to Growing demand for Fresh Food

The Australia cold chain market is anticipated to grow with a CAGR of 10.3% due to the ever-growing demand Majority of the end users’ segments are expected to register a robust CAGR in the Australia Cold Chain Market in the upcoming years Demand for perishable food products is expected to increase due to the rising disposable income and retail spending of the people in the country, which will necessitate the development of cold storage facilities and positively affect the market growth.

Vietnam Logistics Market Outlook to 2027 Driven by Infrastructural and Government Investments Coupled with the Growth of E-Commerce Sector in Vietnam

According to Ken Research estimates, the Market Size of Vietnam Logistics has shown increasing trend from 2017 to 2022. However, there was a decline after 2019 due to restrictions imposed during covid-19; however, the conditions have been better as the market recovers from Covid 19. Logistics sector in Vietnam is growing due to surge in e-commerce sector in response to Covid-19 and increase in the use of new technologies to meet customer demands. Vietnam’s expanding economy, manufacturing has also added to the growth in the logistics sector.

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

Logo: https://mma.prnewswire.com/media/1954972/Ken_Research_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/philippines-on-demand-logistics-market-surges-5-2-billion-boom-by-2026-fueled-by-e-commerce–smartphone-growth-ken-research-302062928.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

Published

on

By

BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/niutech-at-the-forefront-us-china-circular-economy-forum-tackles-white-pollution-302254665.html

SOURCE Niutech

Continue Reading

Technology

Global Ultrasound Institute Launches GUSI Fellowships Platform: Elevating Point-of-Care Ultrasound Education

Published

on

By

SAN FRANCISCO, Sept. 20, 2024 /PRNewswire/ — The Global Ultrasound Institute (GUSI) is proud to announce the launch of the GUSI Fellowships Platform, an innovative online platform designed to empower learners around the world to achieve confidence and competency in point-of-care ultrasound (POCUS). With a holistic, device-independent approach that includes comprehensive evidence-based education, personalized mentorship from world-class POCUS educators, detailed scan review feedback, quantitative assessments, and CME certification, GUSI is setting a new standard in POCUS education.

“GUSI’s online didactics are the best that I have seen. And what I like most about the fellowship were the 1:1 sessions and being able to interact with GUSI expert faculty who have many years of experience in POCUS. And you get to pick their brains and they get to instruct you 1:1. I have used the training I received from GUSI to do much more POCUS clinically and further impact my patients lives.”

Dr. James Wilcox,
Assistant POCUS Director, Indiana University School of Medicine
Adjunct Professor and Assistant Professor of Medicine

“Our mission at GUSI is to democratize access to high-quality ultrasound training,” said Dr. Kevin Bergman and Dr. Mena Ramos, Co-CEOs of Global Ultrasound Institute. “The GUSI Fellowships Platform enables learners from diverse backgrounds to enhance their skills in a supportive, flexible environment, making it easier than ever to reach their POCUS goals.”

With training options covering 38 different scan types, learners can expect personalized 1:1 mentorship with expert POCUS educators who provide timely feedback on practice scans.

“The GUSI fellowship mentors are the best: patient, kind, knowledgeable, experienced, and supportive. GUSI provided education in the areas I wanted and needed to obtain and in my home/office environment not requiring multiple trips around the country. It is not just the way course work is presented – learning is made easier by the support provided to each student.”

Dr. Glenda Patterson
Core Faculty, University of Arkansas Northwest Internal Medicine Residency
Physician, Veterans Health Care of the Ozarks
Board-certified in Internal Medicine, Pulmonary Medicine, and Critical Care Medicine

The GUSI Fellowships Platform features a scalable software system designed to monitor and track performance, ensuring learners can effectively measure their progress.

GUSI understands the challenges faced by healthcare professionals seeking to enhance their ultrasound skills amid demanding schedules. GUSI addresses these concerns with flexible scheduling options, allowing learners to progress at their own pace while balancing their professional and personal commitments. This adaptability and virtual experience is crucial for fostering a culture of continuous learning and skill development.

“I went from not being able to hold the probe to someone who can scan and diagnosing and finding pathologies. I worked with Dr. Milne-Price and she was amazing! She sharpened my skills and we did sessions of live scanning over Zoom. I feel confident in my skills now to scan on my own.”

Dr. Dalea Al-Hawarri
Faculty, Bryn Mawr Family Medicine Residency

As healthcare continues to evolve, the demand for proficient ultrasound practitioners has never been greater. GUSI is not only committed to providing exceptional education but also aims to inspire a new generation of healthcare professionals who can leverage POCUS to improve patient outcomes globally. Join us in this exciting journey towards excellence in ultrasound practice.

For more information on GUSI Fellowships and to start your journey toward ultrasound proficiency, visit https://globalultrasoundinstitute.com/.

About Global Ultrasound Institute:

Global Ultrasound Institute stands at the forefront of point-of-care ultrasound, providing wraparound education, training, AI, and administrative software tools to healthcare providers and health systems globally to lower barriers to POCUS adoption and implementation. GUSI has trained over 14,000 healthcare practitioners in over 60 countries. GUSI is working to create a better world in which every healthcare practitioner is empowered to offer a rapid, reliable, accurate ultrasound-enabled diagnosis directly at the point-of-care, for any patient, anywhere.

For more information about GUSI Fellowships or any of GUSI services, please visit https://globalultrasoundinstitute.com/

Contact:

Dr. Kevin Bergman, Co-Founder, co-CEO, Global Ultrasound Institute
Dr. Mena Ramos, Co-Founder, co-CEO, Global Ultrasound Institute

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-ultrasound-institute-launches-gusi-fellowships-platform-elevating-point-of-care-ultrasound-education-302254656.html

SOURCE GLOBAL ULTRASOUND INSTITUTE

Continue Reading

Technology

Keuka College Notifies Individuals of Data Security Incident

Published

on

By

KEUKA PARK, N.Y., Sept. 20, 2024 /PRNewswire/ — Keuka College has learned of a data security incident that may have involved personal information.

On April 25, 2024, the College identified suspicious activity within its network environment and immediately took steps to secure the environment, restore its systems, and began an investigation to determine the nature and scope of the issue. Keuka College also engaged independent cybersecurity specialists to assist with the process. The comprehensive investigation, which concluded on August 21, 2024, could not determine definitively whether personal information related to current and former students and employees was affected.

Keuka College maintains a variety of records which can include: name, Social Security number, Driver’s license number, student id number, financial account information, and date of birth. Current students and employees were contacted by the College in May and provided with one year of free credit and identity monitoring services.

Keuka College has established a toll-free call center to answer questions about the incident and address related concerns. Call center representatives are available Monday through Friday from 9:00 am to 9:00 pm Eastern Time and can be reached at 1-833-913-7557. Please be prepared to provide the engagement number, B131983, for reference.

View original content:https://www.prnewswire.com/news-releases/keuka-college-notifies-individuals-of-data-security-incident-302254623.html

SOURCE Keuka College

Continue Reading

Trending