A recent study by transport industry analysts shows the logistics industry in the Philippines is expected to have a compounded annual growth rate of 10 to 16 percent annually from 2013 to 2020.

Analysts believe the domestic contract logistics market will expand from 478 million euros (P30.8 billion) in 2013 to 1.412 billion euros (P90.9 billion) by 2020. This upward swing will represent a compounded annual growth rate of 16.7 percent over the said period.

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