Despite the challenges of demand fluctuation and the need for supply chain optimization, the manufacturing sector's resilience and strategic adjustments position it as a cornerstone of the Philippine economy.
DTI secretary Ramon Lopez noted that while the manufacturing sector was severely impacted by the pandemic in 2020, it is now leading the economy’s recovery from a recession.
Analyst firm ABI Research found that despite the nearly equal number of installed bases of AI-enabled end device in both markets, the United States has an edge over China due to its different incentives and approaches that encourage AI adoption in industrial manufacturing.