Convergence. A truck moves container cargoes in a port. PEZA says it is working with other government agencies in ensuring it can provide all infrastructure needs of zone locators. (PNA Photo)

PEZA bares logistics, supply chain strategies

June 3, 2024

The Philippine Economic Zone Authority (PEZA) said it is implementing “leap-frogging” strategies that will address the challenges in the supply chain, industrial, and logistics sectors and in the process attract more industrial investments, particularly in the ecozones.

Tereso Panga, director-general of the Philippine Economic Zone Authority (PEZA) bared this at the Future of Logistics 2024 forum in Makati City last May 29.

Panga said PEZA is automating its systems and processes to provide excellent service to its clients.

He said the agency is pushing for the creation of the following: an off-dock container yard in  its zones for a more effective container exchange; ecozone container freight station and; a logistics park under PEZA’s new frontiers in ecozone development.

One other strategy is  multi-industry infrastructure convergence where PEZA and the government are committed to providing for all infrastructure needs of zone locators.

Panga said PEZA is  strengthening its partnership with the Bureau of Customs to ensure unhampered operations to and from the zones.

The agency also   continues to work with lawmakers for the possible amendments on investment laws and other economic provisions as well as in updating archaic laws such as the parameters for regulated commodities that are not aligned with international standards.

“We  see investors taking advantage of the upcoming Luzon economic corridor which will support connectivity among Subic Bay, Clark, Manila, and Batangas as well as facilitate strategic, anchor investments within each hub in high-impact infrastructure projects among others,” said Panga, referring to the planned Luzon Economic Corridor supported by the G7 countries.

Panga said the inclusion of ecozone logistics service enterprises  in the new Strategic Investment Priorities Plan allows for more logistics companies to come in and support the upcoming new investments, especially within the ecozones.

“If we can grow the number of our locator companies, all those in the supply chain, logistics, and others will benefit from it. PEZA is the microcosm of the bigger economy. If we see ecozones flourishing, we can also see a more vibrant economy,” he said.

Source: https://malaya.com.ph/news_business/peza-bares-logistics-supply-chain-strategies/