The Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade & Industry (DTI) jointly with the US-ASEAN Business Council (US-ABC) is set to conduct a workshop on “Supply Chain Readiness Training” for the Automotive Sector on January 29, 2016 at the Acacia Hotel in Alabang, Muntinlupa City.
The main objective of the workshop is to transfer information, knowledge and skills from multinational companies to broader Philippine SMEs on various good business, legal practices and solutions in enhancing their competitiveness.
These practices and solutions include opportunities for expanding supply linkages and market access at the domestic, regional and international levels through logistical and technology solutions for better commercial, as well as legal management and practice for competitive SMEs.
The workshop is part of the government and the private sector’s collaborative efforts to further integrate the country’s small and medium enterprise (SME) automotive players as competitive participants in global value chains. It also complements the Comprehensive Automotive Resurgence Strategy (CARS) Program which targets to generate 200,000 new jobs, bring in fresh investments worth US$1.2 billion, stimulate local demand by increasing vehicle sales to US$9.2 billion, and effectively implement industry regulations that will revitalize the Philippine automotive industry. The program is anchored on the resurgence of the automotive manufacturing industry and in priming the country as a regional automotive manufacturing hub.
Topics to be discussed during the workshop include the requirements and manufacturing best practices in the industry, logistics solutions and supply chain management processes as well as the intra-ASEAN customs standards, certifications and issues for auto parts suppliers.
Resource persons include BOI Governor Henry Co, Trade Assistant Secretary for Industry Development Group Rafaelita Aldaba along with officials from United States Agency for International Development, US-ABC, Federation of Automotive Industries of the Philippines, Chamber of Automotive Manufacturers of the Philippines, Inc. and Philippine Parts Makers Association.
An official from UPS Philippines will discuss logistics solutions and supply chain management. After the presentations, there will be a panel discussion on automotive industry issues.
On the back of robust consumer demand, the Philippine automotive industry has been on a roll for the past four years. Data compiled from CAMPI showed that the market added a yearly average of 44,750 units during the period. Industry sales have more than doubled from 141,000 units in 2011 to over 288,000 in 2015. Imported retailers have yet to report final figures.
CAMPI has estimated that aggregate automotive sales for 2015 could hit 330,000 units. With these strong increments, the group is optimistic it can achieve sales of 500,000 units before 2020. (END)