The US-based consulting group said companies operating in the Philippines must rethink how they deliver to customers and operate their businesses in anticipation of possible disruptions.
The US-based management consulting group said in a report that companies operating in the Philippines — especially those engaged in real estate; tourism; financial services; energy and health care — need to rethink how they deliver to customers and operate their businesses in anticipation of possible future disruptions.
“The outlook [for the Philippines this year] is complex,” they said. “There are serious issues to address, but also reasons for optimism.” As for the travel and hospitality industry, the outlook for this year is stronger than for the airlines industry given the forecast that the Philippines’ tourism sector will return to pre-pandemic levels by 2024 thanks to domestic demand.Meanwhile, financial services providers are seen to face headwinds from global macroeconomic shocks as well as regulators’ push for interoperability and digitization.
As for the healthcare sector, the outlook is mixed since the various subsectors have widely different market sizes and are subject to divergent growth trends.
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