The country’s shipping sector will bank on the growth in electronic commerce (e-commerce) to bounce back as the government exerts all efforts to get the economy back on the expansion track, an industry player said on Tuesday. Despite the hit, Damuy remains optimistic, believing that the sector might rebound “faster” as the government continued with its infrastructure push and as online shopping soared. With 73 million Filipino internet users as of January, the growth in online shopping could “directly benefit” the logistics industry, he said. “With the pandemic, the maturity of e-commerce has been expedited or fast-tracked,” he noted. On his company, Damuy said it continued to improve its cooperation with the government and other local shipping and logistics firms.

Source: Manila Times August 25, 2020 16:18 UTC