SHIPTEK Solutions Corp. – developer of XLOG, the first fully integrated, blockchain-based, end-to-end shipping and logistics platform – plans to expand its presence beyond the Philippines and into the wider South Asia region -Is, capitalizing on the growing demand for digital solutions in the regional logistics industry.
With the implementation of the Association of Southeast Asian Nations (ASEAN) regional initiative, called Asean Single Window, Shiptek is confident that it can meet the demand for digital solutions in the region. . This reflects its early success in the Philippine market.
The ASEAN Single Window aims to expedite the clearance of goods and promote economic integration by enabling the exchange of trade-related documents among ASEAN member states.
“We have experienced remarkable and exponential growth in volume and revenue since our launch in 2018. As the only fully integrated end-to-end digital shipping and logistics ecosystem in the country, we are able to meet all the needs of industry players from shipping lines, freight forwarders, customs brokers, trucking associations and even drivers,” says Eugenio Ynion Jr., Founder and CEO of Shiptek.
Launched in 2018, Shiptek operates the local supply chain and logistics orchestration ecosystem, called XLOG, which hosts digital solutions such as digital documentation, online booking, fleet management, systems payment, shipment tracking and tracing, container insurance, financial management and mobile. application for truck drivers.
XLOG offers financial services by leveraging the open finance platform of its minority investor, UBX, the fintech arm of Aboitiz-led Union Bank of the Philippines.
“The impact of digital transformation in the logistics sector is enormous. Complemented by our open funding platform, we at UBx expect XLOG to enable more players in the logistics industry to digitally transform their operations to improve productivity and aid economic recovery,” says Henry. Aguda, president of the UBX.