Trade Secretary Ramon Lopez has urged local producers to step up amid the global supply chain disruptions.
Lopez added that apart from food security issues, the country is also bearing the brunt of high logistics cost, a challenge that the Philippines has been facing, he noted, even before Russia invaded Ukraine.The global supply chain disruption and the external environment are nor the only reasons why prices are consistently increasing in the country, say some experts, however.
Curay said, “so our logistics costs, percentage of sales is 25 percent, meaning it takes almost one-third of the cost of the product to get to you, that’s very high.”Earlier, Curay said “Most of the time transport is one of the industries that’s being penalized by different policies that slows down traffic and increase cost. We have a truck ban, single lane, we have the number coding scheme—this is something that adds more burden aside from the traffic.
“However, when we develop the railway, when we push for the railway, it has to be integrated with the supply chain with the ports, with the airports, with the seaports, and you know that cuts across,” said Curay.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Incoming Trade Secretary Pascual focused on expanding MSME markets - BusinessWorld OnlineTrade Department nominee Alfredo E. Pascual plans to focus on expanding markets for micro, small, and medium enterprises (MSMEs) that were affected by the coronavirus disease 2019 (COVID-19) pandemic. READ:
Baca lebih lajut »
Group calls out Apple's ties with trade associations ‘stalling' climate change actionThe Tech Transparency Project finds that the tech giant is part of several groups that have lobbied against climate change policies.
Baca lebih lajut »
US, Taiwan to launch trade talks after island excluded from Indo-Pacific groupThe United States will launch new trade talks with Taiwan, US officials said on Wednesday, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China&39;s growing influence.
Baca lebih lajut »
Yisheng wants to invest in PHL | Andrea E. San JuanYisheng Biopharma Co., Ltd., a Chinese global pharmaceutical firm, is planning to invest in clinical trials in the country and to partner with a local company for the manufacture of vaccines in the Philippines. The Board of Investments (BOI) said it recently met with representatives of Yisheng to discuss the…
Baca lebih lajut »
MPBL suspends, fines coach Yong Garcia after spitting incidentICYMI: The MPBL cracks the whip on San Juan assistant coach Yong Garcia for 'tarnishing the image of the league' after spitting on Lordy Casajeros of Valenzuela City during a regular season game.
Baca lebih lajut »
BBM asks SC: Junk petition to cancel COC | Joel R. San JuanPRESIDENT-ELECT Ferdinand “Bongbong” Marcos Jr. on Wednesday asked the Supreme Court to dismiss the petition seeking to cancel his certificate of candidacy (COC) and prevent him from assuming his post as the country’s 17th President. In a 45-page comment on the petition, Marcos through his lawyer, former Solicitor General Estelito Mendoza,…
Baca lebih lajut »