THE global economy continues to suffer with the high cost of living and inflation hitting consumers hard. As a result, consumers have tightened their budgets on food, rent and gas prices, to name a few.

In the Philippines, inflation soared to an average of 5.8 percent in 2022, up from 3.9 percent in 2021, and as a result, businesses are having to cut costs and let employees go. This is a global phenomenon, and even the supply chain industry is not spared.

Premium Subscription
P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Access to subscriber exclusive website contents
  • Access to the Digital Edition (up to 3 devices)

TRY FREE FOR 30 DAYS