The latest issue of Supply Chain Philippines, SCMAP’s official magazine, looks at what can be done as the Philippine economy heads towards a bottleneck caused by Middle East tensions, the resulting fuel crisis, and other factors.
As the war between the US and Israel on one side, and Iran on another, intensified – and an uneasy, unclear peace teeters on – the global economy remains anxious about how the fighting would stall economic growth and impact industries and countries altogether. For the Philippines, which imports all of its oil – most of which passes through the Strait of Hormuz, which is subject to opposing blockades – it would not just mean higher prices across the board, but a possible economic slowdown, worsened by already weaker consumer confidence, and the possibility of unrest.
This issue’s lead story argues that any solutions that can address the issues exposed by the current crisis would be in the medium- to long-term, such as further support for the shift to electric vehicles to espousing logistical efficiency processes such as co-loading. It also argues that the government should double down on its support for the transportation sector – especially truck drivers, which are not receiving any forms of subsidy – and continue public spending to ensure the national economy does not stall further.
The issue also explores a potential new international gateway for cargo in Aurora, efforts to regulate the use of artificial intelligence in businesses, as well as six months’ worth of updates on SCMAP activities and initiatives.
You can now read the magazine online by clicking here. Physical copies of the issue will be distributed in SCMAP’s future events and engagements, as well as to SCMAP members.
For more information on becoming an advertiser or contributor to upcoming issues of Supply Chain Philippines, click here.