(Source: Philippine Star| October 23, 2018)
Ayala Corp. is venturing into a business as it launches a new technology-driven logistics company.
Entrego Fulfillment Solutions Inc.–a joint venture with the Global Fashion Group (GFG), founder of online fashion store Zalora–commits to offer an integrated suite of services including parceling, document and deliveries.
Ayala’s AC Infrastructure Holdings Corp. (AC Infra) owns 60 percent of the joint venture, while GFG subsidiary Brillant accounts for the remaining 40 percent.
“We are applying technology to transform the logistics ecosystem. Our intent is to innovate and organise services to achieve better operating and cost efficiencies for the various customers we have, whether they are, medium or small scale,” AC Infra CEO and Entrego chairman Rene Almendras said.
For Entrego, AC Infra is committing to pour in P1 billion to grow Entrego into a major technology driven logistics provider in the country including the construction of state-of-the-art e-commerce center to support back office operations. The facility can support more than 100,000 orders daily when fully operational by the second half of 2019.
Entrego has 45 hubs at present and is handling 37,000 orders a day in its sortation centers. The company is targeting to grow this to 60 distribution hubs by 2019 and to grow its capacity to more than 100,000 a day with the new facility.
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