Manufacturing
Industry AnalysisIn order to attain this desired growth, manufacturers need to re-engineer their business processes, to ensure that the strategic, tactical and operational levels are synchronized to have an efficient operation, effective supply chain and excellent human capital management.
- Streamline HR processes from a single system.
- Reduce errors and improve efficiency.
- Enhance employee engagement and retention.
The manufacturing industry in the Philippines is one of the key sectors of the economy, contributing about 23% of the GDP in 2022. 1 It has been growing steadily for the past two years, despite the challenges posed by the COVID-19 pandemic and the global supply chain disruptions. 2 Some of the subsectors that have shown strong performance include meat processing, heated tobacco products, and electronics. 3 However, the industry also faces some issues such as rising input costs, low productivity, lack of skilled workers, and environmental concerns. 4 These challenges need to be addressed by the government and the private sector to ensure the sustainability and competitiveness of the manufacturing industry in the Philippines.