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Thursday, March 28, 2024

BOI set to launch database on cold chain industry

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The Board of Investments, together with various government agencies and the private sector, will launch a new database that offers data-driven basis for policy formulation and investment promotion on cold chain investments.

It said the Cold Chain Database Project would be launched by February 2023 to map out existing cold chain service providers.  The project would provide estimates and forecasts on supply and demand for cold chain service and generates data on present and future cold chain service gaps on agriculture and fishery products.

“The project is remarkable and exactly how I envisioned it during the onset of discussions,” said BOI governor Marjorie Ramos-Samaniego.

The database would also provide a guide about the specific locations where investment promotions should be focused while aspiring to meet the Philippine Cold Chain Industry Roadmap’s target of increasing local cold chain capacity by 50,000 pallet positions a year in the near term.

InsightSCS Corp., the developer of the DeliverE platform, earlier presented the cold chain database as the final output of the project “Development of a Cold Chain Integrated Supply Chain Solution for Evidence-based Policy Making and Investment Programming.” 

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The project, an offshoot of a memorandum of understanding between the BOI and the Environmental Management Bureau through the Global Partnership for Improving the Food Cold Chain in the Philippines, is funded by the United Nations Industrial Development Organization and InsightSCS Corp. 

Samaniego called for cooperation among industry stakeholders to support the project and create a robust database with data analytics that would lead to the creation of “intelligent, business-informed decisions and relevant policies.”

InsightSCS chief executive Pierre Carlo Curay said that with more information shared, more people would understand the requirements of the cold chain industry.      

Curay expressed appreciation for the support in data gathering and validation phase of the project offered by the BOI, the National Meat Inspection Service, Bureau of Fisheries and Aquatic Resources, Bureau of Plant Industry, Bureau of Local Government Development under the Department of the Interior and Local Government and the Cold Chain Association of the Philippines Inc. 

He said the project was a success despite the challenging data collection.

UNIDO said the project is instrumental in generating relevant data for other programs implemented by other agencies.

The EMB is also coordinating with InsightSCS to process the generated data on refrigerants relative to the country’s commitment under the Kigali Agreement on phasing down hydrofluorocarbons as refrigerants. 

“With the database’s completion, specifically on generating viable investment locations based on supply-demand gap analytics, the BOI can now fine-tune its investment prospectus for the cold chain industry,” said acting BOI chief of agri-based industry division Francis Peñaflor.

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