Philippines poised to be the 24th biggest economy by 2030

Every generation needs a revolution - an entrepreneurial revolution

It is going to be up by 10 slots from current 34th?

THE Philippines is projected to become the 24th most powerful economy in the world in 2030 and further move up to 19th by 2050, overtaking Malaysia and Vietnam. Professional services firm PricewaterhouseCoopers (PWC) ranked 32 countries according to their projected gross domestic product (GDP) by purchasing power parity.

Wow, it is something to be proud of.   Other countries in Europe must envy where projected GDP growth is in the low 2s or 3s.  By why do graduates continue to be OFW.   Perhaps the reality bites that we are not at the moment.  

Our people would not want to work hard to get our country out of the rut.  They probably want instant reward by working abroad.  

What does this mean for our country?

How is your firm prepared for this development?   Will your firm be that productive in 6 years time?   Can you afford to pay the high wages then?

Did PBBM promise a P20.00/kg rice

Every generation needs a revolution - an entrepreneurial revolution 

If we accept reality, the answer is no.   Inputs for rice production is high, the buying price for unmilled rice is almost P20.00 couple that with higher price, cost of transport, marketing margin, then the P50++ rice is fair after doing computation

That we all fell for that cheap gimmickry is another matter, and for the integrity of the person who made that claim to stand up.

PBBM promised a P20.00/kg rice

What remains for the rest of economic managers:

1.  Make the workers be more productive, so that the wages catch up with high price of rice;

2.   Find rice substitute:   cassava, and research the artificial rice machine of china

3.    Research more ways on how to make rice production more efficient.

How three major online sellers changed the retail landscape in the Philippines - Lazada, Shopee and Zalora

Every generation needs a revolution - an entrepreneurial revolution

Due to the pandemic, people shifted to on line shopping, because of prohibition in malls, stay at home and many more rules.   Online shopping grew and retail giant mall operator Ayala wisely bought into Zalora

Bricks and mortar store giants:     SM, Family Mart, Alfa Mart, and lately Dali ate into sari sari store market share,  these on line stores are eating into the bricks and mortar sale.

E commerce is likely to be the future of retail in the Philippines (and possibly ASEAN.  In the US there is a torrent of retail closure due to on line shopping.     Could this development trigger similar events in the Philippine?   

See how these companies are establishing huge distribution hubs and infrastructures.   See how they have built massive Head Office

Questions:

1.  Will sari sari sari  stores go the  way of dinosaurs?   What must do in order to survive?

2.  Are bricks and mortar retail stores sustainable?  What must be their offensive and defensive move?