Case Study on the role of Philippine Logistics in E-commerce and Cross border trade

Abstract: The Philippines has the potential to expand its influence in the regional and global digital markets. Economic development driven by consumption improved telecommunications infrastructure, and an increasing percentage of the population with internet connection are just some of the primary reasons for positioning the Philippines as a prominent player in Southeast Asia's e-commerce market. By January 2020, over half of the 105 million Filipinos were already shopping online. This figure is predicted to increase to 54.7 million by 2024. In addition, consumers and companies are being compelled to go digital by the current COVID-19 outbreak. To effectively capitalize on the current economic conditions, Filipino SMEs need access to more affordable and dependable methods of importing raw materials and distributing their goods. As more SMEs become aware of the potential benefits of e-commerce, there may be an increase in demand for small package deliveries to support the SMEs' smaller scale of operations. Generally, significant firms may import raw materials and export finished goods at a low cost by using high-volume shipments. On the other hand, local SMEs operate on a considerably smaller scale and often face costly shipping and delivery costs when importing smaller raw materials, limiting their manufacturing options. Thus, more dependable and affordable logistics and transportation for small packages may enable local SMEs to save expenses, increase productivity, and perhaps invest more in innovation. The Philippines is archipelagic, making it a challenge for logistics. The government's initiative in connecting the three main islands: Luzon, Visayas, and Mindanao, can help flourish cross-border trade and help SMEs expand their business locally and internationally. Recommendations in achieving policy and regulatory clarity around the logistics sector will help attract private investments and improve innovation. A review of regulatory requirements for small parcel delivery providers is necessary to support e-commerce. Legal and regulatory frameworks should address enhancing trade flows, safety and security, and the control of physical goods by providing advanced data across various business models. Keywords: Philippines, Logistics, E-commerce, Cross border trade. Title: Case Study on the role of Philippine Logistics in E-commerce and Cross border trade Author: Eurice Marie Pua International Journal of Novel Research in Marketing Management and Economics ISSN 2394-7322 Vol. 10, Issue 1, January 2023 - April 2023 Page No: 32-42 Novelty Journals Website: www.noveltyjournals.com Published Date: 18-February-2023 DOI: https://doi.org/10.5281/zenodo.7654495 Paper Download Link (Source) https://www.noveltyjournals.com/upload/paper/Case%20Study%20on%20the%20role%20of%20Philippine-19022023-3.pdf