2GO has launched 2GO Connect which allows businesses to deliver their inventories straight to malls, bypassing several handling points and reducing costs
2GO Connect leverages the group’s roll-on/roll off passenger service and expansive landside network to deliver to core mall destinations such as Cebu, Iloilo, Cagayan de Oro, and Bacolod four times weekly
Cargoes are consolidated and grouped in a container and are created a train-like schedule for regular deliveries straight to the malls
Shipping and logistics service provider 2GO Group, Inc. has launched a supply chain solution that aims to remove supply chain inefficiencies and offer fast and direct service to modern sales points across the Philippines.
Called 2GO Connect, the new offering allows businesses to deliver their inventories straight to malls, bypassing several handling points and reducing costs.
“We integrate our broad multimodal transportation services to enable fast, reliable, and direct service to replenish goods at the malls, as the economy gradually reopens in 2021,” 2GO chief operating officer Waldo Basilla said in a statement.
This gives customers in the Visayas and Mindanao regions access to the same catalogues available in Metro Manila almost at the same time these are launched, he added.
2GO Connect leverages the group’s roll-on/roll off passenger (Ropax) service and landside network to deliver to core mall destinations such as Cebu, Iloilo, Cagayan de Oro, and Bacolod four times weekly.
“Cargoes are consolidated at the origin, and those bound for the same destination are grouped in a container and created a train-like schedule for regular deliveries straight to the malls,” Basilla explained.
2GO’s revenues for the first nine months of 2020 reached P13.7 billion, down 16% from P16.22 billion posted last year, due to the overall reduced economic activity brought about by the COVID-19 pandemic.
The group foresees a decline in sales/revenue even in the subsequent months beyond the lifting of quarantine measures, as the effects of the lockdowns are expected to continue limiting business operations and economic activities.
2GO said collections, particularly receivables from small and medium scale enterprises, are also expected to suffer, which may necessitate making provisions for estimated losses.
It said it has activated its business continuity implementation plan and taken steps to manage the risk of disruption to its operations, and continues to monitor the domestic and international markets for developments that could impact sales and operations.