DB Schenker Philippines is setting aside 1 million euros (P60 million) in capital expenditures this year to install a new information technology system, and procure additional warehousing materials and cargo-handling equipment for two warehouses eyed for operation in the next two months.
“We are improving our IT system and the majority of our capex will go to this IT hardware and software,” DB Schenker Philippines managing director Reiner Allgeier said.
He added, “We are implementing a new system for our air and ocean operations to improve our services and efficiency. Part of the amount will also go to our plan to improve our activity and footprint but no new markets for this year.”
Schenker Philippines is looking largely at intra-Asia trade for growth, considering the market has grown tremendously in the last few years.
It is also looking at venturing into cold chain operations and is conducting a feasibility study on this business.
This year, DB Schenker Philippines expects a 10% volume and revenue growth anchored on strong performance of ocean freight and air imports sectors.
“We are looking for growth from imports particularly more on consumer goods, chemicals as well as from the healthcare and pharmaceutical industries,” Allgeier said.
“We expect volume from the electronics industry to pick within the second half of the year.”
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