Phoenix Petroleum Philippine Inc. expects to capitalize on the growth of the P1-trillion logistics industry by 2023 by using its retail sites as drop-off points of transportation and logistics provider 2GO.
With more industries and Filipinos becoming dependent on delivery and transport services, Phoenix is utilizing its sites to address the need of the growing logistics sector.
Phoenix cited the estimate of consultancy firm Lobien Realty Group that the logistics industry is expected to become a P1-trillion market by 2023 due to the growing popularity of e-market.
Phoenix said the logistics and transport provider industry has played a unique role throughout the COVID-19 pandemic.
From helping Filipinos gain access to essential items to aiding small and medium-sized enterprises (SMEs) maintain operations, the sector has facilitated the seamless movement of goods between people and cities—creating a vital service that continues to fuel economic activity and recovery.