On a 2017 DTI report of the status of Micro, Small, and Medium Enterprises (MSMEs) in the Philippines, it says that 99.56% of the country’s business enterprises belong to the MSME sector. This shows that these enterprises greatly affect the Philippine economy. With this number, the MSME sector helps reduce poverty through creating more jobs, especially in rural areas where economic development is weak.
Last July 8 -12, 2019, Philippine Trade Training Center (PTTC) had their 2019 MSME Week with different seminars for MSMEs. These seminars were part of the president’s vision that was discussed last November 28, 2018 during the 26th APEC Summit. The president signed an Executive Order which approved a six-year plan, prepared by the Department of Trade and Industry, which aims to strengthen the Micro, Small, and Medium Enterprises in the country through improving market access in major business sectors and the business climate in general.
In a 2018 BusinessMirror report, Filipino millennial entrepreneurs are on the rise as technology plays a big factor in the establishment of startup companies. Just from 2012 to 2017, it was reported that more than 300 startups were officially founded, which are anchored on technological advancements. To leverage all other industries like food processing and furniture making, the Department of Science and Technology lends a helping hand by continuously supporting MSME through the Small Enterprise Technology Upgrading Program (SETUP). The aim of the said program is to sustain the MSME growth in the Philippines through integration of technological innovations to the enterprises’ processes. With these advancements, companies get more access to quality raw materials they need in the market to produce the quality they need.
HAMBURG Trading Corp has been sharing this vision since its official establishment in 1968. Serving different businesses from large multinational companies to MSMEs, the company has been a constant contributor of the continuous development of the country’s businesses through supplying them high-quality raw materials for their product developments.
As part of HAMBURG Trading’s beliefs in supporting MSMEs, KESSLER’S, as the company’s first in-house brand, lives up its advocacy in supporting micro to small entrepreneurs in the Philippines. Currently, the brand has launched different programs like the Baking Masterclass, its own signature baking demos plus interdisciplinary seminars, and the Bakers’ Canvas, a collection of recipes perfected by industry experts. These programs aim to give the baking industry more support in addition to the promise of the brand to give only high-quality products for the baking industry.
With these kinds of development opportunities and the constant desire of companies to produce quality, Philippine MSMEs see a brighter light in the next years to come.