Mindanao-based fast-moving consumer goods (FMCG) companies are looking forward to the completion of key infrastructure projects in the region that will address logistics bottlenecks, a key challenge in doing business.
Wilhelmino Nicolasora Jr., vice president for domestic sales of Century Pacific Food, said at the forum on the prospects of Mindanao yesterday projects such as the Davao-Samal bridge and the expansion of the coastal lines in Davao will open up the region as a strategic commerce and logistics hub not just for Mindanao but for the entire country as well.
Ricardo Lagdameo, chair of Davao Icon Investment Conference, also cited as key the ongoing Davao bypass road project which is funded by the Japan International Cooperation Agency and led by a Japanese proponent.
Nicolasora said logistical challenges had been amplified by the pandemic when lockdowns had to be imposed
“If we are able to address these with the infrastructure projects that are on the way that opens up the network, both for import and export. That also means efficiency with regards to raw materials, packaging materials, and eventually the transportation of finished goods.
If you’re able to put that efficiency and effectiveness in the logistics network of Mindanao, then that really helps open up more opportunities for the region,” he said.
Lagdameo said the growth of Mindanao has been quite significant for FMCG companies reaching double digit rates.
According to Lagdameo, this will continue beyond 2022.
Other participants at the forum were representatives of Nestle Philippines Inc. and Alaska Milk Corp., which have big operations in Mindanao.
Davao Icon Investment Conference will be held on November 11 to 12.