Filipino franchise companies are among the more optimistic and the more robust sectors in the local landscape, the country credited with the most number of original franchise ideas—close to 700—in the world.
The food and retail sectors still top the list of franchise companies that are seen to do well in 2010, but not so well as the service and beauty, health and wellness sectors.
Armando Bartolome, president of GMB Franchise Developers Inc., says the year will be challenging for the food sector because of the previous year’s calamities that devastated the agricultural sector.
Although the government has assured the public that there would be sufficient supply of food and raw materials, this is not an assurance that their prices won’t go up, says Bartolome. He adds operating a food business might also be costly this year because of expected increase in prices.
There is a silver lining though—several new brands have taken center stage, paving the way for upstarts to try and make their mark in the food scene. Filipino consumers are seen to increasingly favor health alternatives (think tea and yogurt), and Filipino food (the huge success of Mang Inasal is a very good example). Read full details here
source: entrepreneur.com.ph, photo from mootee.typepad.com