Philippine retailers and manufacturers are preparing for the potential economic impact of a prolonged Middle East conflict, which could drive up fuel costs and reduce consumer spending.
Retailers, accounting for around 20 percent of GDP and supporting over 10 million jobs, are exploring ways to cut energy use and mitigate rising costs for customers, while hoping for a quick resolution to supply disruptions.
Manufacturers are implementing belt-tightening measures such as reducing workdays, conserving fuel and electricity, and limiting travel, but they are retaining their workforce for now.
Companies are also considering work-from-home arrangements and other efficiency measures to cope with uncertainty, though staff reductions are not yet planned.
Industry leaders say the crisis highlights the need to accelerate renewable energy adoption and adopt flexible, technology-driven operations to maintain resilience amid rising costs and global uncertainties.
Source: PhilNews24 | March 20, 2026
