Spring2024 ThePhilippines AHKWorldBusinessOutlook SurveyResults(Summary)
Summary–Spring2024
BusinessesinvolvedinGerman-Philippineeconomicrelationsreportabullishlocaleconomicdevelopmentinthenext12 monthswithbothinvestmentandemploymentfiguresshowingcontinuousoptimism.Meanwhile,thesurveyidentifieskey risksthatcouldimpactfutureeconomicgrowth,whichincludeeconomicpolicyconditions,highenergyprices,andchallenges relatedtosupplychaindisruptionsandinfrastructure.Additionally,thiseditionofthesurveyhasincorporatedquestions regardingdiversificationmeasuresofcompanies.
Better/Higher Equal Worse/Lower NoInvestment 0 20 40 60 80 100 Situation Expectation Economy Investment Employment Top3RisksforCompanies inthePhilippines
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AHKWorldBusiness OutlookSurvey Spring2024 EconomicPolicy Conditions PricesofEnergy SupplyChainDisruptions/ Infrastrucure 50% 47% 3% 61% 37% 2% 55% 36% 9% 44% 42% 9% 5% 61% 30% 9%
LatestData Fall2023 3 AHKWorldBusiness OutlookSurvey Spring2024 50% 44% 6% 68% 27% 5% 38% 46% 16% 39% 41% 16% 4% 54% 40% 6% 50% 47% 3% 61% 37% 2% 55% 36% 9% 44% 42% 9% 5% 61% 30% 9% Situation Expectation Economy Employment Investment Spring2024 Top3 Risks Comparison EconomicPolicy Conditions PricesofEnergy SupplyChain Disruptions/ Infrastrucure PricesofEnergy EconomicPolicy Conditions/ ExchangeRates LackofSkilled Workers/Demand
Noandnotplannedeither (Additionally)inplanning Alreadyimplemented/inprogress Average 55% Good 34% Poor 9% Verygood 2% 4 AHKWorldBusiness OutlookSurvey Spring2024 Diversification Expansionofsuppliernetworks Explorationofnewsalesmarkets Relocationofproduction/facilitiestonewlocations Increaseininvestmentsatlocalsite Increaseininventory Top3obstaclescompaniesseeindiversifyingsupply chainsand/orsalesmarkets Howwellpositioneddo youthinkyourcompany istocounterinternational crisesandgeopolitical risks(e.g.diversified suppliernetwork,short transportationroutes, diversifiedprocurement andsalesmarkets)? Increasedlegaland regulatoryissues Findingsuitablesuppliers/ businesspartners Highbusinesscosts ? 47 55 14 24 14 34 35 26 31 32 24 11 60 47 54 DiversificationMeasures 14
< 100 100-1000 > 1000 0 20 40 60 80 100 English German Others Manufacturingindustry/construction Sector 5
AHKWorldBusiness OutlookSurvey Spring2024 Trade Services Subsidiary/branch/representationofaGermancompany LocalcompanywithbranchinGermany LocalcompanywithoutbranchinGermany InternationalcompanywithbranchinGermany InternationalcompanywithoutbranchinGermany Language Numberofemployeesworldwide Companydetails 27% 14% 59% 28% 6% 48% 8% 9% 89% 11% 0% 58% 17% 25%
SurveyInformation
Imprint
Publisher
AHKPhilippinen|German-PhilippineChamberofCommerceandIndustry,Inc. 8FDoehleHausManila,30-38Sen.GilPuyatAvenue|BarangaySanIsidro|1234 MakatiCity|MetroManila|Philippines Tel+63285198110 info@gpcci.org www.philippinen.ahk.de
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AHKWorldBusiness OutlookSurvey Spring2024