APAC Logistics & Industrial Capability Statement

MARKET INSIGHTS

WEIGHING THE IMPACTS OF THE EXTERNAL HEADWINDS, TAMER ECONOMIC EXPANSION IS EXPECTED IN 2023 WHILST THE GROWTH PERFORMANCE IS SEEN TO BE AMONG THE STRONGEST IN SOUTHEAST ASIA. Meanwhile, the insurgence of e-commerce in the Philippines has become a major catalyst for the rapid expansion of the industrial segment. According to the e-Conomy SEA 2023 report by Google, Temasek, and Bain & Company, the country’s e -commerce is forecast to grow by around 21% CAGR from 2023 to 2025.

PHILIPPINES

As the global demand begins to pick-up and the tech sector downturn is nearing its end, the country’s industrial production is seen to improve in H2 2024.

Cushman & Wakefield

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