Sy family-backed Airspeed ramps up support for MSMEs

Airspeed, which is part of the Sy family’s investment portfolio, is stepping up efforts to help the country’s micro, small, and medium enterprises (MSMEs) towards recovery from the pandemic.

On top of its existing programs and initiatives for the sector, Airspeed said it would also take part in a strategic support program to promote female-led MSMEs.

Airspeed, Go Negosyo, and the International Labour Association, among many others, are joining forces to conduct a Women Strong Network Hybrid Trade Fair on July 29 to 31 to equip women-owned MSMEs with the necessary skills and tools for business continuity in 2022 and beyond.

With over 99.5 percent of registered businesses in the country belonging to small enterprises, of which 54 percent are run by women, the trade fair will seek to promote the products of women entrepreneurs to both the local and global markets.

Airspeed through its digital arm, Amazing Philippines Digital Economy Corp., earlier this year partnered with the Department of Trade and Industry in another advocacy program which is geared towards the promotion of MSMEs nationwide.

Airspeed last year improved its digital infrastructure primarily to help aid MSMEs navigate around the shifting of the industry online and the prominence of e-commerce in the country.

To support MSMEs in matters of logistics, Airspeed also introduced new fulfilment hubs in Bacolod, Negros Occidental; Cubao, Quezon City; and Carmona, Cavite late last year.

Through these new hubs, the company was able to support businesses in selling their products online and other back-end operations such as inventory management, warehousing, order fulfillment, and distribution.

Airspeed provides air and sea forwarding, international domestic door-to-door parcel and cargo services, packing and crating and long-time storage arrangements, among others. It has likewise ventured into the e-commerce space by providing the last mile requirements of online retailers like Lazada.