DB Schenker Philippines expects a 10% increase in volume and revenue this year despite projections of a bumpy road ahead for airfreight exports.
“Export volume is really hard to grow since last year particularly from the semicon and electronics industries but the other sectors of our business remain very active,” DB Schenker Philippines managing director Reiner Allgeier told reporters at the company’s recent 5th anniversary celebrations.
“Right now, we are looking for growth from imports particularly more on consumer goods, chemicals as well as from the healthcare and pharmaceutical industries,” he said.
“We expect volume from the electronics industry to peak within the second half of the year which we expect to positively impact our volume growth for the year.”
He added business conditions are “really a challenge but overall we expect to grow another 10% this year.”
Like most industry players, DB Schenker Philippines was hit by last year’s downturn in air exports. Both cargo volume and revenues dipped 5% and could have sank more if not for strong performance of air and ocean imports and logistics, which grew more than 10% in 2011.
In May, the company will open a 10,000-square meter warehouse adjacent to its main office in Sucat, Parañaque and another facility in Baguio City. Close to P35 million will be spent for the facilities.
