The Philippines: Assessment of Outsourcing Industry – Risks and Opportunities
Written by Swathi Sarma
The Philippines progress in the outsourcing sector was on a smooth ride till the election of President Rodrigo Duterte, who is currently known for his stances against United States. His comments such as Separation from U.S”, “Exit of Foreign Troops” etc. have raised concerns among the U.S firms as well as investors in the country. Coupled with high corruption levels, severe power cuts, increasing difficulty in doing business, the Philippine nationals are worried that the industry that provides employment to more than 1 million Filipinos might shrink in the coming years. Would these Geo-political and business risks have a drastic impact on the outsourcing industry? How are the country’s current macro-economic and infrastructure scenarios? This Supply WisdomSM white paper attempts to provide answers for few of the questions and then explore some more about the country.