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Is the Philippines🇵🇭 ready to be a regional hub for smart, sustainable manufacturing and logistics in Asia and the whole World? The answer lies in the Philippines🇵🇭 huge and fast growing middle-class population. And that is a fact! The PMI for the last 3 years starting from 2021 to 2023 is above 51 PMI points. For January 2024 up to April 2024 averages at the range of 51.10. The PMI index last March 2024 was 50.90. As of the end of April 2024, the PMI index ended at 52.20 point. May 2024 (PMI) Purchasing Managers Index is 51.90 pts. The Philippines🇵🇭 is continuously receiving new orders for both new & existing clients on local and export market. With the Philippines🇵🇭 very young labour workforce population and an average median age of 25 years old, which is even five years younger compared to the ASEAN median age that averages at 30 years old, our country has a big economic potential! The Philippines is the world’s 29th largest economy by nominal GDP and 13th largest economy in Asia. Philippines trade data shows agriculture, shipbuilding & repair, automotive, aerospace, electronics, mining and extraction and tourism as the major sectors of the Philippines🇵🇭. As of the end of 2023, the Philippines🇵🇭 registered a total merchandise exports of US$73.52Billion. The combined services export industry and tourism rose 17.4 per cent in 2023 to US$48.29Billion from previous figure of US$41.12Billion in 2022, updated as of April 30, 2024. According to the monitoring data of the DOT, a total of 5,450,557 international visitors entered the country starting from January 01, 2023 to December 31, 2023, of which 91.80 per cent or the bulk of the international arrivals recorded 5,003,400+ first-time foreign visitors to Philippines🇵🇭. And according to the final figures reported for 2023, the overall cash remittances sent by (OFW) overseas workers to Philippines 🇵🇭 already reached US$37.2Billion dollars. The Philippines 🇵🇭 overseas remittances comes mostly from land-based Overseas Filipino Workers scattered around the World numbering 11 million workforces. Most of these remittances came from land-based overseas Filipino workers and updated as of Apr 30, 2024. The Philippines🇵🇭 economic income stream comes from these (3) three industries with export merchandise industry 2023 contribution reaching the US$73.52Billion dollars, the combined services export 2023 from the IT-BPM industry and the tourism industry total contributions of US$48.29Billion. These industry sectors combined contributions to the Philippines🇵🇭 economy is US$159.01Billion dollars. The country’s US dollar stock increased to US$ 103.753 billion at the end of 2023, higher than the previously reported figure of $102.452Billion, latest data from the Bangko Sentral ng Pilipinas showed as of end of May 31, 2024. #PartnerInthePhilippines #Philippines2024 Linkedin: https://lnkd.in/gnNrZzBM https://lnkd.in/gYwDBsYd

If #Innovation and #ideas drive a business, #exporting is not a challenge. So, if you are looking to expand your business, globally, reach out to us. At Virtuous Industries LLP, we support multiple Indian enterprises and corporations in connecting with the right international brands and #exporting their products. We also handle the sourcing for our international partners through the right vendors from India. #MSME #internationaltrade #globaltolocal #localtoglobal #leadershipdevelopment #businessgrowth #BusinessGrowthStrategy #compliance #consulting #supplychainmanagement #supplychain #supplychainsolutions #sourcing #strategy #vijaybhasin Ministry of Micro, Small and Medium Enterprises, Government of India

Pakistan’s IT Sector on the Rise! We’re thrilled to see Pakistan’s IT exports soar by 34%, reaching a remarkable $286 million in July 2024! This impressive growth highlights the country’s expanding role in the #global tech industry. At Collab BPO, we’re proud to be part of this dynamic sector, contributing to the #innovation and talent that’s driving this #success. As the world increasingly turns to digital solutions, Pakistan’s #IT industry is proving its strength and potential. Let’s keep this momentum going! #Pakistan #ITExports #TechGrowth #Innovation #CollabBPO #GlobalTech #DigitalTransformation #TechIndustry #Outsourcing #ITServices #PakistanTech #TechInnovation #BPO #Technology #ExportGrowth #TechTalent #BusinessGrowth #DigitalEconomy #EmergingMarkets #ProudlyPakistani #TechNews

The increased focus on railway infrastructure programmes should be the key lever to bring logistics efficiency from the current budget. The most interesting one is the highway traffic density program, which plans to decongest highways, reducing transportation costs and increasing our travel safety. Do read the synopsis here. Happy weekend!

India Emerging as a Key Focus for German Medium-Sized Logistics Firms Read The News: https://lnkd.in/gKice6Nt #ICTTMNews #BreakingNews #SupplyChainUpdate #GlobalTrade #LogisticsNews #MarketTrends

India Emerging as a Key Focus for German Medium-Sized Logistics Firms Read The News: https://lnkd.in/gKice6Nt #ICTTMNews #BreakingNews #SupplyChainUpdate #GlobalTrade #LogisticsNews #MarketTrends

Strategic Collaboration for Economic Revival! Outsourcing #logisticsservices, particularly through 3PL & 4PL partnerships, empowers MSMEs with global market access, efficient #inventorymanagement and enhanced focus on R&D. As governments increasingly play a pivotal role in creating a supportive #environment, initiatives like the #US FLOW project and #India’s PM Gati Shakti exemplify strategic collaboration between the public sector, MSMEs, and the logistics industry for post-pandemic economic resurgence. #RDive #MSMEsRevival #LogisticsPartnerships #EconomicResurgence #GovernmentInitiatives #GlobalAccess #3PL #4PL #GatiShakti #FLOWproject #CollaborativeRevival https://lnkd.in/dwaJ6rkz

**How Metro Movers is Supporting Small and Medium Enterprises (SMEs) in Bangladesh** Small and Medium Enterprises (SMEs) are the backbone of Bangladesh's economy, driving innovation, employment, and economic growth. However, one of the biggest challenges SMEs face is managing logistics efficiently and cost-effectively. **Metro Movers** plays a crucial role in supporting SMEs by offering tailored logistics solutions that empower businesses to grow and compete in the market. ### Key Ways Metro Movers Supports SMEs: ### 1. **Cost-Effective Logistics Solutions** SMEs often struggle with high logistics costs. Metro Movers provides affordable transportation and delivery services, helping small businesses save on logistics expenses while maintaining high-quality service. Our competitive pricing models are designed to suit the budget constraints of SMEs, allowing them to focus on scaling their business. ### 2. **Flexible Transport Options** Metro Movers offers a wide range of vehicles and transport solutions, from small vans to large trucks, to meet the specific needs of SMEs. Whether it’s delivering small batches of products locally or transporting bulk goods across the country, we provide scalable solutions that grow alongside the business. ### 3. **Nationwide Reach** Many SMEs in Bangladesh seek to expand beyond their local markets but struggle with logistics in remote areas. Metro Movers’ extensive network across Bangladesh allows businesses to reach new customers, even in distant or rural areas, enabling them to expand their market presence and grow their customer base. ### 4. **Efficient Supply Chain Management** For SMEs that deal with inventory, Metro Movers helps streamline supply chain management by offering timely and reliable transportation services. We reduce the complexity of managing logistics, helping businesses meet production and delivery timelines with ease. ### 5. **Real-Time Tracking and Transparency** Transparency in the supply chain is crucial for SMEs to build trust with customers. Metro Movers provides real-time tracking of goods in transit, giving businesses visibility and control over their deliveries. This helps SMEs maintain trust with their clients by providing accurate delivery estimates and updates. ### 6. **Customized Delivery Solutions** We understand that every SME has unique logistics needs. Metro Movers offers customized solutions tailored to the specific requirements of each business. From urgent same-day deliveries to scheduled weekly shipments, we provide flexibility to match the demands of SMEs.

'Indian Logistics Investability Index 2024', recently published by #ASCELA, is a valuable resource for investors and industry stakeholders. This index evaluates the investability of different logistics subsectors in India, offering insights into current investment landscapes and serving as a strategic compass for those eager to seize emerging opportunities. It delves into key factors shaping multimodal logistics, including the impact of digitalisation, integration of advanced technologies, and the imperative of sustainable practices. We are pleased to learn that the report has received great traction and interest. We are posting the downloadable copy of the report on this platform for easy access. For previous versions and other industry reports, please visit our Media Insights page - https://lnkd.in/dc4CSHJF ASCELA, ASCELA Middle East, Nivesh Chaudhary, Sudeshna Dixit, Shikha Kosta, Mahima Varu, Bhanu Pratap Singh #ASCELA #InvestmentStrategy #Transportation #Logistics #SupplyChain #BusinessInsights #LogisticsIndex

The UK Internal Market Scheme is a game-changer for businesses operating within the UK. Join our FREE webinar to learn how to strategise your approach and ensure your business remains competitive. Register today: https://lnkd.in/epxZ4cUy #UKIMS #NorthernIreland #TradeCompliance #Webinar #OneShip #BlueBridgeOne #UKInternalMarketScheme #UKTrade #Webinar #Logistics #SupplyChain