Unlike other "tiger economies" that have been hit by the recent slow down, the Philippines economy has been out-performing its regional rivals for various reasons.
A young rising population has fueled domestic demand. Overseas remittances from foreign workers, a central plank of the economy, have held up well. The falling oil price, for a country which has virtually no domestic energy production, is a big boon to the economy. The country is little hurt by falling commodity prices, indeed it probably reaps a net gain even leaving aside oil.
The country has benefited from political stability under President Benigno Aquino, although the end of his six-year term in 2016 poses some future political risk.
On November 11, the Global Supply Chain Council will organize its first Philippines Supply Chain Summit in Manila, see www.supplychain.ph for more details.
If you are interested in growing your operations in the Philippines, this event will provide you with an invaluable opportunity to learn the latest developments of this unique market. Along key supply chain experts, high-profile speakers from leading companies are invited to share their views on managing supply chain, manufacturing and logistics in the Philippines.
Confirmed speakers include:
– Jay Chavez, VP supply chain, Ionics EMS
– James Mercado, Head of Supply Chain, Mary Kay Philippines
– Arnel Gamboa, Supply Chain Director, Benby
– Constantin Robertz, Managing Director, Zalora Philippines
– Reynaldo Lugtu, Vice President, Globe Telecom
– Ellery Jose, Demand Planning Manager, Li & Fung Philippines
and more… see the full line-up of speakers at www.supplychain.ph
> EARLY BIRD RATE UNTIL OCTOBER 25
Pay only US$ 250 per person until October 25), click http://philsupplychain.eventbrite.com to register.
Discounts for Council members and supply chain teams (Buy 3 Get 1 Free) are also available, email email@example.com for more information.
I hope you will join us on November 11 and discover the potential of the Philippines for your supply chain.
See you in Manila!