Published April 19, 2022, 12:05 AM by Monchito B. Ibrahim

The exponential pace of change in the technology space is profoundly disrupting industrial processes and value chains making it much more difficult for industries to compete in a globalized economy. We are now seeing companies challenged by two major choices: adapt or face a slow death. With adaption, it would usually mean digitally transforming the enterprise to make it more agile, more productive, and competitive, to maintain its position in the global value chain. In the end, globally competitive industries will make the country better able to capture a bigger slice of the international market.

The Philippines is considered today a global leader in the IT-enabled services sector, maybe the only segment where it is still showing decent growth. What is it doing to sustain this global leadership position?