The Two-sided Increased Demand for Sea Freight in the Philippines

 

It’s no secret that present pandemic and its imposing necessitation for people to quarantine have boosted the activity of online transactions, bumping up the need for delivery services. On the other side of the transaction, we also see more retailers, both small and big, transact online.

 

Buyers

 

Customers are the matchsticks of any transaction; if they ignite a demand, suppliers will fuel their flame. But unbeknownst to online buyers, especially the ones that are purchasing physical products digitally, is that they are creating demand not only for the product they are buying. People who order online also create increased demand for the service that gets their good to their doorstep. This intermediary function involved sea freight, andland travel in the Philippines; to a lesser extent, air freight, as well.

 

Not only is the Philippines by and large one the countries in South East Asia with the highest internet usage rates, because of the ongoing pandemic, it’s also steadily becoming of the biggest consumer markets for eCommerce. This growth would only merit the increased need for product transport and logistics that would include warehousing as this helps in getting products faster to consumers.

 

Sellers

 

While consumer growth is much more obvious, lesser known but quite as formidable is online seller growth. Two key factors that push more small and medium businesses to go online include the pandemic’s toll on livelihood as well as the ease of registration on online platforms. In fact, selling online through social media, and platforms like Lazada, Shopee, and Zalora can even be done from the safety of a small business owners home.

 

This is why sea freight, air freight and other logistics services are all the more needed in the Philippines today that it has ever been at any point in history; a service that once was important to only big companies are also extending roots to smaller members of the economic community.