SEEING the growth potential of the warehouse industry, homegrown developer Oakridge Realty Development Corp. (ORDC) has acquired around 30,000 square-meters (sq.m.) of properties for its planned industrial warehouse venture.
ORDC chief executive officer Edmun Liu said they are poised to take advantage of the opportunities in this facet of the industry to address the space requirements of the booming e-commerce business.
“We recently added to our inventory some properties that would give us some 30,000 sq.m. of industrial warehouse and distribution centers,” Liu said.
Liu said that as the consumer market goes online, buyers would really prefer service and convenience by shopping online.
“The brand owners and the manufacturers see the need to deliver quickly and improve their supply chain process. That’s why there are a lot of investments on the supply chain, distribution centers and technology to serve customers quickly,” he said.
With the government’s Build, Build, Build program and efforts to bring development to the countryside, warehouses and centers would be beneficial for fast delivery, especially to communities.
Property research firm Colliers International Philippines, in an earlier interview said it foresees the presence of third-party logistics firms for warehouses in Cebu.
Joey Bondoc, senior research manager, said there is a demand in the market for warehouses from third-party firms because of the high purchasing power of consumers who feed the demand for supply of food and beverage and household products that require warehouses for daily supply activities.
In fact, Bondoc said companies in Southeast Asia are commissioning studies on the demand for warehouses and distribution centers.
“What we’re seeing is the modernization of warehouses because of e-commerce. Some companies that are not into logistics are now providing their own warehouses,” he said. (JOB)