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2GO invests P150 M for technology
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2GO to invest ₧150M in automation solutions | Lorenz S Marasigan
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2GO banking on modernization to return to profitability; no plans to raise capital despite losses
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Senior Reporter
WITH the coronavirus vaccine rollout seen happening soon, 2GO Group, Inc. expects its business to start recovering in the latter part of the year, its chief operating officer said.
The vaccine rollout “will improve our business outlook as travel accounts for about 15% to 17% of our business,” 2GO Group Chief Operating Officer Waldo C. Basilla told
BusinessWorld via e-mail on Feb. 23.
“However, we’re expecting it to happen in the latter part of 2021,” he added.
The vaccine rollout is seen to result in a more lenient transportation system and more people getting employed and going to work.
“The opening up of the economy will also drive manufacturing and consumption. This will allow us to support our customers in production, as well as allow us to support the transportation of finished goods for both B2B (business-to-business) and B2C (business-to-customer),” Mr. Basilla said.
January 22, 2021 | 12:03 am Font Size
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2GO GROUP, Inc. has launched a new supply chain solution called 2GO Connect that aims to remove supply chain inefficiencies amid the coronavirus disease 2019 (COVID-19) pandemic.
In a statement on Thursday, the logistics and transportation provider said 2GO Connect offers fast and direct service to modern trade points of sales across the country.
The company said the new service solution lets businesses deliver their inventories straight to malls and modern trade, avoiding several handling points and transportation costs.
2GO Chief Operating Officer Waldo C. Basilla said 2GO Connect leverages off its ROPAX (roll-on/roll-off passenger) service and its landside network to cater to malls in Cebu, Iloilo, Cagayan de Oro, and Bacolod four times a week.