Saturday, August 10, 2024

THE SUPPLY CHAIN AND THE PHILIPPINES

The pandemic season  revealed that our government should undertake policies to protect the interest of the people and national security.

Given its significant manufacturing capabilities, China's dominance of the supply chain is of particular concern. China effectively controls the global supply of essential goods.

Given that supply is a critical factor for survival, it is imperative that we initiate a substantial shift towards local manufacturing. This will help us gradually reduce our dependence on foreign supplies, thereby fostering stability and sustainability.

Therefore, with this current situation, the government should encourage and devote more of its energies to its local capacities, such as local capital and entrepreneurs, and invite and encourage many to engage in businesses and commerce to prop up the products that would balance this country's deficiencies.

There are wide varieties and spectrums of investments in traditional, modern, or advanced technologies that we should incur to reach the level of stability and self-sufficiency in domestic, business, and military that the country will benefit from immediately at this period to cope with the impending crisis ahead.  




No comments:

Post a Comment