Logistics, warehousing expect high demand in 2021-2022

THE Philippine logistics and warehousing industry remained steadfast amid the coronavirus disease 2019 (Covid-19) pandemic, noted Colliers International Philippines in its 2021 outlook report as retailers further tap the steadily growing e-commerce market.

Likewise, the property consultancy firm forecasts a “healthy demand” for warehouses in 2021 onwards, also noting the segment already accounts for 70 percent of the country’s economic output along with the growth in storage investments in the Philippines.