What are the types of business locators in industrial parks?
- Food industry
- Logistics and warehousing
- Consumer goods
- Electronics
Industrial parks in developing countries like the Philippines offer a myriad of benefits for locators, which results to favorable business outcomes. The wide range of benefits are availability of highly skilled labor force, professional on-ground management team, complete amenities, security systems, special economic zone incentives, strategic location nearby commercial hubs, employee shuttle services, and more. Which brings us to the question: What types of business locators are in industrial parks?
More and more business owners and investors started recognizing the benefits of relocating to an industrial park. In general, companies classified as a light industry are located inside industrial parks. They also produce smaller goods for end consumers rather than other industries.
To have a better grasp of what the different types of business locators are in industrial parks: Here are 4 examples:
Food Industry
The food industry is comprised of a network of businesses that involves the commercial production of the food and beverage items consumed by society. This involves industrial activities such as food processing, preparation, packaging, transportation, and distribution. Industrial parks have locators operating under the food industry.
What makes industrial parks an ideal location for food industry businesses is that these specialized facilities are equipped with amenities that make daily manufacturing operations more productive, hygienic and efficient.
Take the industrial parks by Science Park of the Philippines (SPPI) as an example. These industrial parks are home to multinational companies that manufacture food items. Daily food production and distribution tasks become easier to achieve because of amenities like independent energy grids, large-volume water supply and water treatment systems, freight forwarding services, and private roadways.
In the Philippines, the food industry accounts for 24% of the country’s annual GDP and about half of the country’s entire manufacturing sector. This means venturing into the food industry and relocating to an industrial park is a lucrative choice for investors and business owners.
Logistics and Warehousing
Logistics refers to the overall process of efficiently managing procurement, inventory and storage, and transportation of goods. On the other hand, warehouses focus on
storing goods before they are distributed, organizing the quantity and inventory period of the goods. Both logistics and warehousing involve fulfilling the supply chain functions of a business. These also aim to ensure goods arrive to customers in a safe, cost-effective, and timely manner.
Among the many types of business locators in industrial parks include those operating under the logistics and warehousing industry. Take the Light Industry & Science Park I by SPPI for instance. This industrial park in the Philippines is home to more than 90 companies including Agility Solutions INC, AII Worldwide Logistics, CEVA Logistics, and GAC Logistics (Philip Moris). Following the recent developments in the world of e-commerce, the demand for logistics and warehouse space providers has never been stronger.
Industrial parks are the ideal warehousing and logistics facilities given their spaciousness, enhanced security systems, and strategic locations.
Consumer Goods
Anything sold to consumers fall under the operations of the consumer good production industry. Consumer goods are all the items you will see stocked on shelves of stores. These products can range from refrigerators, air conditioners, automotive products, medical equipment, jewelry, small toys, office and home furniture, textiles, to apparel.
Consumer goods need to be produced in high volumes continuously to meet market demands. This is why many business locators that produce consumer goods are situated within industrial parks. For example, SPPI industrial parks are home to major multinational consumer goods companies including Procter & Gamble, H.B. Fuller Philippines Inc., Nippon Paint Philippines, and Jotun Paints. Similar to the food industry, consumer good production tasks are achieved efficiently through the help of complete industrial park amenities.
Electronics
The electronics industry is another type of business locator in industrial parks. These companies are involved in the production and distribution of electronic goods such as televisions, telephones, laptops, computers, cameras, radios, DVD players, video games, mobile phones, circuits, and more. In industrial parks like the Light Industry & Science Park I by SPPI, electronic companies such as Nexperia Philippines, Inc and First Sumiden, are headquartered.
Key Takeaway
In this article, we’ve rounded up the different types of business locators in industrial parks. Do you own or manage a business that operates under the industries stated above? Don’t hesitate to get in touch with Science Park of the Philippines and benefit from complete amenities, on-ground management teams, 24/7 security, and more. Click here to check out our industrial parks in the Philippines.
