In a concerted effort to promote sustainable economic development, BDO Unibank Inc. (BDO) is strengthening its partnership with FAST Logistics Group to back initiatives yielding significant environmental and socio-economic benefit.
FAST Logistics Group, a leader in logistics and supply chain management, has embarked on significant projects, including the establishment of advanced mega warehouses and distribution centers across strategic locations.
These initiatives are geared towards reducing environmental impact by enhancing efficiency and optimizing resource utilization.
“BDO has consistently supported our growth from a transport and warehousing business to a comprehensive distribution network. BDO is one of our largest partner banks, continually aiding our transition towards digitization and a more environmentally friendly operation. Their deep understanding of our business has been crucial to the strength of our partnership,” said William B. Chiongbian II, Group President of FAST Logistics Group.
Renewable Energy and Sustainability
FAST Logistics has made notable strides in integrating renewable energy into its operations.
The company rolled out its first fleet of electric vehicles in the first quarter of 2024 and transitioned its warehouse in Cabuyao, Laguna, and cold storage facility in Cavite to solar power.
Currently, five of the group’s facilities are powered entirely by renewable energy, with plans to convert five more facilities in Luzon and Cebu to solar power.
In addition to solar energy, the firm plans to adopt sustainable fuel sources for its fleet to further minimize its carbon footprint. Through persistent innovation, FAST Logistics aims to expand its reach while maintaining efficient and reliable goods movement, all while embracing sustainability in its operations.
Digital Transformation
Beyond funding major projects, BDO supports FAST Logistics Group’s digitization efforts. Products like Cash Management Services enhance cash flow management through Corporate Cash Deposit Machines (CCDMs), check scanning facilities, and online payment solutions. These tools are crucial in modernizing operations and ensuring efficiency.
Founded in 1973, FAST Logistics Group is renowned for its extensive network and innovative approach to logistics and supply chain solutions.
From multimodal transport and warehousing management to cold chain, crossdocking operations, and value-added services, FAST has evolved to digitize Philippine logistics end to end.
A Long-Standing Partnership
BDO has partnered with FAST Logistics Group for nearly thirty years, recognizing the necessity of an efficient and reliable distribution network to support business growth, particularly in provincial areas. This enduring partnership has enabled FAST Logistics to expand its operations and meet the rising demand for sustainable products and services.
BDO continues to play a vital role in fostering sustainable growth by providing financial support to eco-friendly businesses across the Philippines. This partnership with FAST Logistics underscores BDO’s commitment to promoting a greener and more equitable future.
