(Source: Business Mirror | November 14, 2018)
As online shopping in the Philippines continues to grow, Lazada, the No. 1 online shopping and selling destination in Southeast Asia, is encouraging more Filipino entrepreneurs, especially small and medium enterprises (SMEs) to be more active instruments in the development of e-commerce in the country.
Lazada Philippines chief executive officer for logistics Juan Pavez Spencer, said it is important that SMEs navigate through e-commerce to get a bigger share in the market.
“SMEs need help to be onboard and scale up quickly. [And] Lazada empowers and educates sellers, and helps them to grow their business online. Lazada is empowering and extending the reach of entrepreneurs and big brands with its expansive ecosystem of warehouses and logistics partners,” Spencer said.
Spencer said SMEs must harness the advantages offered by online shopping, especially for consumers living in Metro Manila who regularly experience the horrendous road traffic situation.
“Online shopping allows Filipinos to enjoy the convenience of browsing through millions of products at their fingertips and receiving their purchase right at their doorstep without enduring the heavy traffic and crowded malls during the Christmas rush,” he said.
The Philippines has 47 million e-commerce users in 2018, posting a 4-percent year-on-year increase. On the same year, commerce in the Philippines reached $6 billion in transaction value, posting a 17-percent year-on-year surge.
“We can expect an exponential growth in the next three years. We also see e-commerce to grow 6 percent to 7 percent in the next three years,” Spencer said.
As part of their expansion, Spencer said, Lazada storage facilities, which the company calls fifth-generation facilities, have a double capacity compared to the current storage facilities. “It will not only have a double capacity but will it will be equipped with the latest technologies and equipment,” he said.
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