Metro Pacific Investments Corp. said Thursday it shortlisted six global strategic consultants that will help the infrastructure conglomerate evaluate and fine tune its logistics expansion plan.
The six shortlisted strategic consultants are Logistics Bureau, McKinsey& Co., Armstrong & Associates, Boston Consulting Group, Partners in Performance and LCA.
Metro Pacific said it would select the final consultant this month.
The strategic consultant, for a period of three months, will help evaluate Metro Pacific’s thrust to aggressively expand its logistics business.
The hired consultant will help Metro Pacific identify opportunities in the whole logistics industry and and the supply chain needed.
Metro Pacific president Jose Ma. K. Lim earlier said the group’s logistics plan was currently being refined and the company was taking a wide look at the industry to identify specific areas where it should focus on.
Several companies are getting into the logistics sector because strong demand for logistics services as the domestic economy continues to expand. The lightly regulated sector offers the prospect of attractive returns.
Metro Pacific earlier said it was prepared to spend P8 billion over the next couple of years to grow its logistics business via expansion and acquisitions. It also expects the new business to be a major contributor to revenue growth.
The group said it was in active discussion for further investments in logistics. It is also in the middle of a due diligence on Air21 Express, the local company owned by businessman Alberto Lina.
Metro Pacific through unit Metropac Movers Inc. invested in two logistics platform worth about P2 billion. In 2016, Metro Pacific acquired the assets of mid-sized corporate logistics provider Basic Logistics, a move that enabled it to provide logistics, shipping, freight forwarding and e-commerce.
It also purchased the assets and business of Ace Logistics Inc. in January this year.