High smartphone penetration and social media usage suggest strong growth potential for the Philippines’ nascent e-commerce segment in the medium to long term, though online activity is still low as a share of total retail sales. This opens the possibility for disruption in an industry long dominated by traditional brick-andmortar shops – an...
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the...
Faced with a highly competitive environment in which rival markets are looking to capitalise on rapid technological progress to establish superiority in new fields of advanced manufacturing, the government has launched a multi-pronged strategy to ensure Philippine industry keeps pace. Overseen by the Department of Trade and Industry (DTI), the...
A pillar of one of Asia’s rising economies, the Philippine industrial sector posted another strong performance in 2017, growing by 7.6% despite recent geopolitical turbulence related to the 2016 election. Manufacturing output increased by 8.5%, bolstered by expansion in each of its core segments of electronics, food and beverages, chemicals and furniture. Riding the wave of consumer confidence...
Rapid macroeconomic growth has worked to strengthen trade and investment in the Philippines. Build, Build, Build – the government’s infrastructure development agenda – is supporting soaring imports, while the fast-growing manufacturing export base remains an economic mainstay.
Manufacturing has maintained its standing as a key growth driver for the Philippines, with rising domestic consumption and a series of major infrastructure projects lifting expansion in both the sector and broader economy.
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