Logistic costs ate up about 27 percent of sales of manufacturing firms in the Philippines last year, the highest among selected Southeast Asian countries.
This was according to a policy brief made by the International Finance Corp., a member of the World Bank Group, which conducted a survey on this.
In the Philippines, the survey covered about 159 companies in major cities such as Clark, Cebu, General Santos and those in Metro Manila. The majority of these are small- and medium-sized enterprises.
The policy brief, which was submitted to the Department of Trade and Industry (DTI), gave for the first time an initial baseline assessment of the local logistics la…