JG Summit, DHL in logistics venture

Published December 10, 2019, 12:00 AM

by manilabulletin_admin

By James A. Loyola

JG Summit Holdings Inc. has teamed up with DHL Supply Chain, the global market leader for contract logistics solutions, to provide the best-in-class transport and distribution solutions for Philippine-based and international businesses in the country.

The two firms have formed a joint venture company – DHL Summit Solutions, Inc. – which will leverage the strengths of both parties to enhance domestic transportation operations to improve safety, compliance and customer experience in the Philippines.

With an initial focus to deliver world-class domestic transport operations, it will support customers to capitalize on growth opportunities in the Philippines.

“The Philippine economy is expected to grow by 6 per cent year-on-year and businesses will need to invest in world-class logistics and warehousing services to stay ahead of the competition,” said JG Summit President and CEO Lance Gokongwei.

He added that, “with our diverse business portfolios and local networks, we are committed to help homegrown and international companies in the Philippines achieve their next phase of growth.”

Gokongwei explained that, “Working with DHL is the ideal move for us, as we leverage their global footprint and tap onto their expert knowledge to provide integrated industry-leading services.”

“We are seeing greater investment by the government on enhancing infrastructure such as setting up integrated logistics and industrial parks, and customers can count on our expertise in this aspect to serve their needs,” said DHL Supply Chain’s Asia Pacific CEO Terry Ryan.

He noted that, “Our global network and local expertise puts us in good stead as the most reliable logistics partner they need, to fully capitalize on the market opportunities.”

As one of the most dynamic economies in East Asia, the Philippine economy is projected to grow exponentially, supported by the government’s Development Plan for the period 2017-2022 which is aimed at accelerating infrastructure programs and projects especially for the healthcare, telecommunication, electronics and retail sectors.