April 2017
The growth of E-commerce in the Philippines, as in the rest of the world, has been constant and notable. Citing the Philippine E-Commerce Roadmap of 2016 to 2020, the Department of Trade and Industry even projects that E-commerce may even account for 25% or one-fourth of the gross domestic product three years from now. This growth is relevant to the thousands of micro, small and medium enterprises which have come to depend on E-commerce for their everyday business.
The progress enjoyed by the E-commerce industry has also propelled the growth of businesses connected to SMEs. This includes LBC’s businesses of air freight, packaging and remittance. One of the longest standing E-commerce partners of LBC is Lazada, which has now risen to be the premiere E-commerce merchant in the country. Other E-commerce partners which have signed up as LBC’s partners are Zalora- and most, recently, the merchants of E-bay Philippines.
Built around years of expertise, LBC does not just shift goods from one place to another, they also customize logistic solutions to meet the needs of the SMEs who do business thru E-commerce. Thru this new business platform, LBC says their goal is not just to increase the volume of their business transactions, but to make the transport of goods and services seamless between buyers and sellers.
But the fast rise of E-commerce in the Philippines is not without challenges. Despite the fact that the average Filipino spends 6.3 hours a day using the internet and that the number of mobile subscriptions far exceed the population, the biggest obstacle is that the country has the most expensive yet the slowest internet infrastructure. In terms of speed, The Philippines operates at an average of 3.6 Mbps- a far cry from Singapore which boasts of 61 Mbps and Japan with 41.7 Mbps.
Despite the challenges, LBC is not about to back down. It has already established the necessary system, network, facilities and manpower to ensure that it is well-adept to transact E-commerce- which is projected to grow globally by 101.4 percent from the current value of $1.15 billion well through 2018.
LBC is the Philippines’ market leader in retail and corporate courier & cargo, money remittance, and logistics services. With a growing network of over 6,400 branches, hubs & warehouses, partners, and agents in over 30 countries, LBC is committed to moving lives, businesses, and communities and delivering smiles around the world. Listed in the Philippine Stock Exchange through LBC Express Holdings, Inc., LBC aims to deliver value to all of its stakeholders, as it has for over 60 years. Founded in 1945 as a brokerage and air cargo agent, LBC pioneered time-sensitive cargo delivery and 24-hour door-to-door delivery in the Philippines. Today, it is the most trusted logistics brand of the Global Filipino. LBC can move it for you: visit www.LBCexpress.com, or call telephone +632 8585 999 (Metro Manila), 1 800 10 8585 999 (Provincial), +632 9086 522 (Solutions) and follow LBCExpress (Facebook and Twitter).
