Another article I’ve read from BusinessWorld Online. It is about the degrading status of the wood industry in the Philippines. Mr. Louie Rabat, head of the wood industry group under the Davao Industry Cluster Capacity Enhancement Project, said that this downfall of the wood industry is not just because of the lack of raw materials needed, but also because of the declining number of the usual markets overseas who had not been placing orders this time. Everyone must be alarmed with this because wood is one the major products Philippines can offer globally. What could possibly happen if one of these products weren’t moving smoothly in the industry? Disaster, economic downfall, lesser employment, you name it. I do hope that buyers abroad will soon find their way to place their orders in the country. On a lighter note, Mr. Rabat said that the industry in Davao is prepared for an expected surge of orders in the midst of a recovering global economy.
(Blog Entry #11)