What does the Philippines have to do to move up the outsourcing value chain?
The Philippine outsourcing industry is more than just a lucrative enterprise. It’s now on its way to becoming the largest and fastest-growing industry in the country, especially now that budding BPO hubs called Next-Wave Cities are mushrooming outside Metro Manila.
Davao City, the upcoming prime spot for Philippine outsourcing, has been making rounds in the IT-BPO sector lately. Its recent feat of becoming the country’s safest city helped push its economic frontiers forward. And now, it has overtaken several Philippine cities to become one of the most preferred business locations in the world.
It’s no wonder that Taiwan possesses a powerful potential to house foreign investments, made possible by its wide base of skilled workforce and a continuous supply of quality resources. Combine this with the region’s strategic location, and the economic implications for business opportunities can be even more robust.