Cold chain database project launched to guide future investment
THE Board of Investments (BoI) said it recently launched a cold chain database project that will help identify the areas that most urgently need investment in post-harvest facilities.
In a statement on Monday, the BoI said the cold chain database project was launched in collaboration with InsightSCS Corp. and the United Nations Industrial Development Organization, with support from the Philippine cold chain industry.
According to the BoI, the database will also help farmers locate nearby cold storage facilities for storing their produce.
“The DeliverE 2.0 is a game-changing system that offers a comprehensive database of cold chain warehouse service providers nationwide, providing valuable insights into location-specific data on cold storage capacities and demand-supply gaps,” the BoI said.
“This powerful tool enables businesses to make better-informed decisions and allows for location specific cold chain promotion. In addition, the development of DeliverE 2.0 has led to the successful gathering of relevant baseline data on energy consumption and refrigerant use of cold storage service providers,” it added.
The BoI said in a separate statement that it is seeking to attract more investment in the electric vehicle (EV) industry, citing the potential of the Philippines’ mineral reserves and recent policy reforms such as the EV Industry Development Act.
“We, in the BoI and Department of Trade and Industry (DTI), see EVs as a key technology in the automotive industry to contribute to sustainable development with lower greenhouse gas emissions, less air pollution for citizens, and new job opportunities with positive social impact,” BoI Executive Director Corazon Halili-Dichosa said during the recent 6th ASEAN-Korea EV Forum, which was part of the 10th International EV Expo in Jeju, South Korea.
“We have an abundant supply of green metals as key input to batteries and we have proven strength in electronics manufacturing needed in developing the supply chain for EV parts. We also have a huge domestic market of over 110 million and software developers that can provide the talent pool for developing battery management systems as well as other software to integrate the different functions of an EV,” she added. — Revin Mikhael D. Ochave