According to the Federation of Philippine Industries (FPI), manufacturers are holding back on investments as supply chain risks continue to mount. The FPI cited global trade disruptions and rising input costs as key factors behind the cautious stance.
The FPI's latest survey indicates that many manufacturers are delaying expansion plans and inventory buildup due to uncertainties in raw material availability and logistics. This trend is particularly evident in sectors reliant on imported components.
FPI President Jesus Lim Arranza stated that the situation is exacerbated by geopolitical tensions and fluctuating commodity prices. He urged the government to implement measures to stabilize supply chains and support local production.
The report comes amid broader economic challenges in the Philippines, including inflation and currency volatility. The FPI recommends policies to enhance domestic sourcing and reduce dependence on foreign inputs.
