The Future of Logistics 2024 Highlights Industry Growth and Sector Reforms
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Santos Knight Frank CEO and Chairman in the Future of Logistics 2024 as panel moderator.
Santos Knight Frank, in collaboration with the American Chamber of Commerce of the Philippines and Aboitiz InfraCapital, successfully hosted the “Future of Logistics 2024” last Wednesday at The Executive Center in Ayala Triangle Tower Two, Makati.
The event addressed pressing challenges in the supply chain, industrial, and logistics sectors. The discussion was inaugurated by the Director General of the Philippine Economic Zone Authority (PEZA), Teo Panga, who delivered a keynote presentation titled “Industrial and Logistics 2024: Treading Carefully in the Challenging Times.”
In his presentation, DG Panga highlighted that the Philippines registered higher scores in five out of six components measured by the World Bank. However, he noted that the country scored lower on the ease of arranging competitively priced international shipments, an issue the Philippine government is currently addressing through inter-agency initiatives.
Philippine Economic Zone Authority (PEZA)’s Director General Teo Panga delivered a keynote presentation titled “Industrial and Logistics 2024: Treading Carefully in the Challenging Times”.
A few highlights in his presentation were the upcoming infrastructure projects, sector rationalizations, and semiconductor growth.
First, ongoing and upcoming infrastructure projects would further fuel growth in the logistics sector. The resulting improvement in turnaround times and lowering of logistics costs, in particular, will make the country more attractive.
Second, rationalization of structure, processes, and policies related to the logistics sector would address bottlenecks and concerns that industry players are facing.
Lastly, substantial foreign investments earmarked for the development of this segment are propelling significant growth in the semiconductor industry.
L-R of the Future of Logistics moderator and panelists, Rick Santos, Charlie Villasenor, Rynor Jamandre, Wilda Calderon, and Director General Teo Panga.
Following the keynote, a distinguished panel engaged in an insightful discussion. The panel included Charlie Villasenor, Chairman & CEO of Procurement & Supply Institute of Asia (Global); Wilda Calderon, Chairperson of Semiconductor and Electronics Industries in the Philippines Foundation, Inc. – Association of Logistics Managers (SEIPI-ALM); Rynor Jamandre, President & CEO of Quantity Solutions Inc., Orion Group of Companies; Director General Teo Panga of the Philippine Economic Zone Authority (PEZA); and was moderated by Rick Santos, Chairman & CEO of Santos Knight Frank.
“We are seeing a rise in the industry. It will continue, but we really have to make a lot of improvements because those are basically what’s impacting us in doing business,” said Calderon.
“We might have new highways but if policies aren’t in place to optimize the infrastructure and investments, we will not benefit from the infrastructure by itself,” Jamandre added.
The Future of Logistics 2024’s moderator and panelists, along with Aboitiz InfraCapital’s AVP Brand and Marketing Communication’s representative Marice Alyssa Ofrin and the American Chamber of Commerce of the Philippines’ Executive Director Ebb Hinchliffe.
The Future of Logistics event aims to continue driving the conversation, facilitate meaningful policy reforms in the logistics and supply chain sectors, and bolster efforts to attract increased foreign investment to the Philippines.
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