Over the last few years, the Philippines’ online shopping industry has grown tremendously. For obvious reasons, the COVID-19 pandemic increased the number of online buyers. However, it was less expected that, as a result of the pandemic’s unemployment, a large number of Filipinos started online micro-businesses, which boosted the online selling market.
To address this, new online micro-entrepreneurs, as well as many of the country’s existing ones, primarily use social media as a tool to run their businesses. The logistics sector has played an important role in its expansion.
One of the Philippines’ largest, most experienced, and most reputable logistics providers is on a mission to accelerate the success of Filipino entrepreneurs. The logistic company is introducing a new service to cater to digital sellers. The new delivery service is the company’s newest nationwide online pick-up and delivery service aimed at assisting online micro-businesses in the Philippines. Essentially, the service allows digital micro-enterprises all over the Philippines to immediately upgrade their logistics by becoming a partner.
The company believes that having an affordable and dependable pick-up and delivery service available to online micro-businesses is an important component of customer satisfaction and will allow them to attract more customers.
Furthermore, the company is more than a digital booking and delivery platform. It is a change agent and a source of growth for micro-entrepreneurs. As the service bridges gaps and connects disconnects in order to propel the current micro-entrepreneurship landscape to greater heights, it supports grassroots businesses, which are the backbone of the Philippine economy.
The logistics company is constantly innovating in order to serve more clients and assist their businesses in growing. The company believes that by launching the new service, it is serving and supporting the most deserving of customers, the Filipino micro-entrepreneur.
OpenGov Asia reported according to one article, as of last year, more than one in every three digital service consumers began using a new online service as a result of COVID-19, and 94% intend to continue using the service after the pandemic is over. A sizable proportion of the new digital consumers come from non-metropolitan areas, particularly Malaysia, Indonesia, and the Philippines.
However, there has been a significant shift in the verticals contributing to the digital economy of the region. E-commerce has emerged as the largest vertical, increasing by 63% to US$ 62 billion in 2020, and is expected to continue its upward trend, reaching US$ 172 billion by 2025.
The rapid growth of electronic commerce around the world has prompted many to seek better methods of quantifying the phenomenon. As more countries and international organisations become involved, it is essential to develop plans to avoid unnecessary duplication of effort and to provide users with the data they need to make informed decisions as soon as possible.
As businesses consider upgrading to smaller vehicles that can handle more frequent deliveries, it’s crucial to work with a financial partner who has deep industry knowledge as well as extensive asset-class and collateral experience to help determine effective financing strategies.
Due to the increased frequency of short-duration trips, many businesses may require shorter lease or loan term options to account for the higher rate of wear on vehicles and take advantage of updated models. Tax-oriented leases, in addition to offering low-cost and short-term options, allow the lessor to claim the tax benefits of ownership through depreciation deductions and pass those benefits on to the lessee in the form of reduced payments, resulting in the lowest possible rate.
To meet changing consumer expectations while remaining profitable and growing, logistics and transportation companies should consider solutions that combine flexibility, convenience, and competitive pricing. Companies can successfully evolve to meet ever-changing consumer demands by utilising shorter equipment life cycles.
