Q:

What is the status of the Filipino baking industry?

A:

The baking industry is still a significant part of the Philippines' economy, making up 20.3 percent of manufacturing industries in 2010 according to a governement census. Food manufacturing in general is still the Philippines' most dominant industry and accounts for over 40 percent of the country's total manufacturing output. Unlike many neighboring countries whose factories are foreign-owned, the majority of food processing businesses are locally-owned and several are family businesses.

Many foreign businesses are now using the Philippines as a gateway to break into the Asian markets. This is partly due to the number of skilled food workers in the country and partly due to its proximity to other Asian markets.


Is this answer helpful?

Similar Questions

  • Q:

    What are examples of industries?

    A:

    Examples of industries, that are observed by global business standards, include energy, transportation, insurance and real estate. Depending on the method of classification being observed, industry groups can be further grouped into sectors and, in the case of the Global Industry Classification Standard, have a subcode assigned to them for data and tracking purposes.

    Full Answer >
    Filed Under:
  • Q:

    What is an industry?

    A:

    An industry is a group of companies with the same focus. Some examples of common industries are automobile production, tobacco, farm goods and office supplies.

    Full Answer >
    Filed Under:
  • Q:

    What are Alaska's major industries?

    A:

    Alaska’s major industries include oil and gas, tourism and fishing. The largest industry is oil and gas, which provides more than 84 percent of the state’s annual budget as of 2014. Commercial fishing in Alaska results in 6 billion pounds of harvested seafood each year.

    Full Answer >
    Filed Under:
  • Q:

    What are the major industries in Ireland?

    A:

    Ireland's economy is mostly based on services, with some industrial output and a relatively small amount of agriculture. The largest industries in the country are pharmaceuticals, chemicals, computer hardware and software, food products, beverages and brewing, and medical devices.

    Full Answer >
    Filed Under:

Explore