Key Trends in Philippine Supply Chain Processes for 2021 and Beyond

As Philippine businesses continue to turn to digitalization, enterprises should first carefully consider how safely navigate such change.

October 2021 , by YCPS Marketing & Communication Group

Last October 7, 2021, the Supply Chain Management Association of the Philippines (SCMAP) held the second session of this year’s edition of the Supply Chain Conference – entitled SCC21 Live – wherein a panel of the sector’s top professionals gathered to discuss how businesses and stakeholders involved in Philippine supply chain processes have endured despite persisting industry issues. 

In the wake of the COVID-19 pandemic, enterprises across several industries have suffered from supply chain issues arising from increased infections, restricted mobility, and reduced operational efficiency due to limited factory capacity, among other factors. As a result, affected businesses have pivoted by accelerating digitalization across their operations. Seemingly, the supply chain disruptions have presented concerned parties with a unique supply chain opportunity in the Philippines in the form of the digital revolution.  

During SCC21 Live’s second session, YCP Solidiance Philippines Country Manager and Partner Anna Rellama detailed the key areas for consideration when attempting to use digital solutions to tackle the supply chain disruptions in the Philippines. 

Ongoing Utilization of Tech 
The Philippines has indicated promising signs of digitalizing as the application of technology in the country’s supply chain can already be seen. At the onset of the pandemic, business quickly adjusted their communication channels and shifted from face-to-face operations to an online setting; a similar trend can be observed in how society has gradually favored contactless transactions. Some companies have also applied technology to effectively gather data wherein systems can identify, analyze, and predict consumer behavior. Ultimately, this results in actionable data, which enables stakeholders to make data-driven business decisions. 

Although stakeholders should tread carefully when digitalizing supply chain processes, it is important that businesses start digitalization efforts sooner rather than later. By taking on the challenge of proactively initiating digital reform to one’s own supply chain processes, these businesses will be able to fully capitalize on the benefits brought about by the digital revolution. 

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