By Fausto Abadines, Jan 13, 2021, 05:57 • 1 minute reading
The Philippine Board of Investments launched its official Cold Chain Industry Roadmap on December 14.
Manila, Philippines. © Yooran Park_ 123RF.com
The Philippine Board of Investments, in cooperation with several industry stakeholders such as the Cold Chain Association of the Philippines and the Philippine Department of Agriculture, officially launched a “Cold Chain Industry Roadmap” on December 14, 2020.
The road map includes industry growth projections as well as investment, policy and regulatory actions to be targeted over the next two to five years.
“In the short term, the [cold chain] industry is targeting an increase of 10-15% annually, equivalent to 50,000 pallets per year,” said Florence Mojica-Sevilla, University of Asia and the Pacific Senior Agribusiness Specialist and consultant on the road map, during a presentation given on Facebook Live on December 13. The current storage capacity of the Philippine cold chain industry is 400,000 metric tons (or 500,000 pallets), according to the roadmap.
In addition, the roadmap outlines several “milestones” to be achieved in the 2020 to 2022 period. These include five investments in new cold storage facilities – two in the Philippine region of Luzon, one in Visayas, and two in Mindanao.
View the entire Facebook live presentation here.
On November 17, Raquel Echague, Officer in Charge-Director of Resource-Based Industries Service, for the Philippine Department of Trade and Industry, Board of Investments gave a presentation outlining the Cold Chain Industry Roadmap as well as incentives available for the industry during the ATMOsphere Asia 2020 online conference. (shecco, organizer of ATMOsphere Asia, is the publisher of this website.)
View the entire presentation recording here.