Revenues of the cold chain market in Philippines rose to around PHP 14 Bn in 2019- What are the factors promoting cold chain market in Philippines in the upcoming future?

 Cold chain market is expected to witness significant increase in the number of companies, year-on-year thereby making the industry highly fragmented in the coming years, says a report by Ken Research

1. Road network in Philippines cold chain market- road network classification was established through Philippine Highway Act in 1953.

                               

Preferred Mode of Transportation in  Philippines

The road network classification in the Philippines was established through Philippine Highway Act in 1953. The memorandum approved in 2009 laid down guidelines for the classification of roads on the basis of their functions. According to Department of Public Works and Highway, total national road network increased from 32,000 km in 2014 to 34,000 km in 2019. The improvement in road connectivity has assisted in the operations of Philippines cold chain industry.

2. Current Trends in the Philippines cold chain Industry- Rise in consumption of packaged processed food.

                          

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Meat products such as poultry, fisheries and aquatic products such as shrimps, fishes, prawns and crabs were the most demanded products with nearly 60% of overall products present in the market. The market saw an adoption in packaged cold foods after the onset of covid-19. Due to prolonged restrictions on going out to markets, online delivery of food and cold chain products of various kinds saw a rise. The next most sold product was fruits and vegetables in the cold chain market.

3.The cold storage industry is experiencing a new wave of technological developments in Philippines.

                             

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With the growing competition in the market, the need for an efficient supply chain and cold storage services has increased manifold.

• The technology is used to load and unload trucks.
• There is a manual control device on every AGV Automatic Guided Vehicles, allowing it to be taken out of service for maintenance, or whenever manual operation may be required.
• AGVs can operate around day and night with the lights out in the freezer warehouse, which has a temperature -25 degrees
• The addition of AGVs in the warehouse meant a reduction in occupational health and safety concerns as well as eliminating human error.

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