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BoI compiling database on cold chain facilities

THE Board of Investments (BoI) said it is surveying the cold chain industry as it compiles an integrated supply chain database.  

The BoI said the project is designed to make policy and investment decisions more “evidence-based,” and will aid in selecting suitable locations for facilities and determining how industry participants can best be assisted.

The project “will map out existing cold chain service providers and estimate and forecast supply and demand for cold chain services,” the BoI said in a statement on Thursday.

“Once completed, the project will provide a data-driven, location-specific and timely reference for policy formulation and investment promotion.”

The Philippine Cold Chain Industry Roadmap estimated demand for an additional 50,000 pallet positions in cold storage facilities each year.

In February, the BoI signed a memorandum of understanding with the Environment department’s Environmental Management Bureau and InsightSCS Corp. for the development of a cold chain integrated supply chain solution. — Revin Mikhael D. Ochave

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