THE start of the year sees us at a rather confusing impasse regarding the Covid-19 situation. We find ourselves caught between Metro Manila's return to stricter Alert Level 3 conditions, wherein businesses are only allowed to operate at 30-percent capacity and surges brought about by the Omicron variant of the coronavirus and easing of restrictions over the holidays. These come on the heels of economists' positive outlook of steady growth across Asia during the latter half of 2021 due to high vaccination rates and business optimism recorded in the International Business Report (IBR), a survey conducted by Grant Thornton. It found that 80 percent of mid-market firms in the Philippines were optimistic about the country's economic outlook for 2022. But with health experts cautioning that we might see peak positivity rates in the coming weeks, it is hard to say for sure where businesses will land this year.

In any case, it is always best practice for company leaders to look at trends in their industries and plan accordingly for the new year — and what a year 2022 is already shaping up to be.

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