Shipping and logistics: Poised to play a key role in PH growth

The shipping and logistics industry is on the cusp of a transformation driven by new technologies and modernization, which will have a profound impact on the Philippines' economic growth. The international shipping industry after all is the lifeblood of the global economy, responsible for the carriage of around 90 percent of world trade.

The Philippines is an archipelago of over 7,000 islands, making shipping the primary mode of inter-island transportation for both cargo and people. The country can also be a major maritime hub, with several international ports that can serve as gateways to the region and beyond.