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Philippines Leads in South East Asia in Family Business Leaders Rediness

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Family businesses in the Philippines are the most assured in Southeast Asia about their future-readiness, say new SAP-sponsored study by The Economist Intelligence Unit.

 

As part of the regional study, family business leaders from Southeast Asia including Indonesia, Malaysia, Philippines, Singapore, and Thailand rated their future readiness across categories of people, environment, processes, and technology.

 

The study revealed that family firms in the Philippines report the highest levels of confidence or readiness in Southeast Asia, averaging 8.29 on a ten-point scale, 10 being most confident, across the four categories. The country also scored the highest in terms of the development of skills (8.6, tied with Thailand.)

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According to the study, Filipino family businesses are positive towards their capabilities to deploy the latest technology such as cloud computing (8.25 score versus SEA benchmark of 7.88) and automation (8.125 score versus SEA benchmark of 7.86). Family businesses in the Philippines also report one of the highest likelihoods to adopt new business models and enter new markets.

 

Despite the optimism, Filipino family businesses report the highest concern in the region for regulatory and regional geopolitical risks.

 

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“This strong level of optimism among family businesses in the Philippines will greatly help in supporting the country’s growth agenda,” said Michael Gold, EIU editor of the report. “To strengthen their legacy and seize opportunities in the digital economy, they cannot continue to depend solely on connections or customer loyalty. Family businesses and SMEs need to future-proof themselves with digital know-how and innovation, in order to compete successfully in the international arena.”

 

Pressing onto to the future, they expect the most prominent benefit to collaborations will be in developing new products and services and in expanding reach into new geographical markets, which is in line with the country’s growing economic growth and reported high levels of consumer optimism.

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Edler Panlilio, managing director of SAP Philippines, added that, “these high levels of confidence of family firms in the Philippines just shows how savvy they are for technology and continue to look forward to grow further in innovating products and reach new markets. With majority of businesses in the Philippines being family-owned, intelligent technologies such as analytics, machine learning, and cloud computing can help support these businesses to become intelligent enterprises and create experiences that matter for Filipino consumers.”

 

The full report is available for download here. We have also created an online benchmarking tool where users can assess their own future-readiness against the executive panel.

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Visit the SAP News Center. Follow SAP on Twitter at @sapnews.

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#SAP #DelMontePH Enabling Sustainable Supply Chains Key to Reduce Carbon Emissions

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Iggy Sison, chief sustainability officer of Del Monte Philippines, Gunasekar Gurusamy, sustainability solution advisor for SAP Asia Pacific and Japan, and Simone Pigason, head of digital supply chain of SAP Southeast Asia.

Sustainability has become a necessity for organizations in today’s world as more consumers seek sustainable brands, investors consider environmental, social, and governance (ESG) initiatives for investment decisions, and governments increase their regulations. 

recent report by Kyndryl revealed that 77 percent of Southeast Asian businesses are concentrating on ESG initiatives. One of the growing efforts made by organizations involves mostly the decarbonization of their supply chains. According to the UNGC-Accenture CEO study, 60 percent of carbon emissions worldwide come from organizations’ supply chains. 

In a virtual event conducted by the Supply Chain Management Association of the Philippines (SCMAP) in partnership with SAP SE (NYSE: SAP), titled “Enabling Sustainable Supply Chains”, SAP leaders, joined by Del Monte Philippines, shared how to reduce emissions in the supply chain and leverage data and technology to achieve sustainability goals.  

#SAP #DelMontePH Enabling Sustainable Supply Chains Key to Reduce Carbon Emissions

Decreasing Emissions on the Three Scopes

Companies’ carbon emissions are divided into three scopes. This includes Scope 1, which is emissions from businesses’ own operations; Scope 2, which involves emissions from purchased utilities from third parties like electricity; and Scope 3, which covers all the other emissions in the entire value chain. This ranges from employee commute to consumer behavior when using the company’s products, among others.

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During the event, Iggy Sison, Chief Sustainability Officer of Del Monte Philippines, imparted the brand’s initiatives to realize a net zero carbon emissions goal in the three scopes. “The company is now shifting third-party delivery transport to double-decker trucks to reduce emissions. Aside from that, our goal is to decrease emissions at our production facility by 3 percent per year, install solar power in our plant and plantation, expand measurement to include Scope 3 emissions, and more.”

 

Leveraging Data and Technology for a Clear Path Forward 

However, for businesses to have a clear sustainability journey, Simone Pigason, Head of the Digital, Resilient, and Sustainable Supply Chain of SAP Southeast Asia, remarked that organizations need to address three key challenges. “Organizations must first have the ability to record their ESG data across the entire value chain to measure and ensure progress. Then, they need a robust platform that can cater to reporting needs across diverse regulatory bodies and frameworks. And finally, they must use different solutions to embed the insights gathered from the datasets into the business processes.”

Pigason then added, “Data enables businesses to forecast demand accurately to avoid unnecessary waste, especially with supply chain disruptions. Aside from increasing carbon emissions, overproduction can cause additional warehouse inventory, spoilage, and more.”

Developing Sustainable Supply Chains Now and In the Future

To help businesses kickstart their sustainability journey, Sison shared that organizations must first define their stakeholders, such as consumers, employees, and investors, among others. “After identifying these elements, companies need to determine what is a key concern for these stakeholders and prioritize the things to address. That is an important process to ensure that the sustainability initiatives are relevant, responsive, and proactive,” he added.

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Meanwhile, Pigason encouraged companies to continue the conversation about sustainability in supply chains. “Talking more about sustainability can expand discussions from Scope 1 and 2 to 3. Businesses will also know where their baseline and where to start in the three scopes,” she added.

#SAP #DelMontePH Enabling Sustainable Supply Chains Key to Reduce Carbon Emissions

Rudy Abrahams, Managing Director of SAP Philippines, agreed on how organizations can begin developing sustainable supply chains. He emphasized the significance of sustainability now and in the future to businesses. “Sustainability can improve organizations’ profitability because businesses are reducing emissions, energy costs, and more to help the planet. Aside from that, it also helps in increasing brand value for shareholders, customers, and even employees while adhering to regulatory compliance and improving ancillary revenue streams.”

To assist businesses in strengthening their sustainability initiatives, SAP has been offering solutions like the Sustainability Navigator Tool. This solution helps businesses identify their sustainability challenges in three dimensions. This includes climate action, circular economy, and even social responsibility. It also provides solutions that can help organizations address the challenges using specific toolsets.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

 

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#SAP #DelMontePH Enabling Sustainable Supply Chains Key to Reduce Carbon Emissions

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Iggy Sison, chief sustainability officer of Del Monte Philippines, Gunasekar Gurusamy, sustainability solution advisor for SAP Asia Pacific and Japan, and Simone Pigason, head of digital supply chain of SAP Southeast Asia.

Sustainability has become a necessity for organizations in today’s world as more consumers seek sustainable brands, investors consider environmental, social, and governance (ESG) initiatives for investment decisions, and governments increase their regulations. 

recent report by Kyndryl revealed that 77 percent of Southeast Asian businesses are concentrating on ESG initiatives. One of the growing efforts made by organizations involves mostly the decarbonization of their supply chains. According to the UNGC-Accenture CEO study, 60 percent of carbon emissions worldwide come from organizations’ supply chains. 

#SAP #DelMontePH Enabling Sustainable Supply Chains Key to Reduce Carbon Emissions

In a virtual event conducted by the Supply Chain Management Association of the Philippines (SCMAP) in partnership with SAP SE (NYSE: SAP), titled “Enabling Sustainable Supply Chains”, SAP leaders, joined by Del Monte Philippines, shared how to reduce emissions in the supply chain and leverage data and technology to achieve sustainability goals.  

Decreasing Emissions on the Three Scopes

Companies’ carbon emissions are divided into three scopes. This includes Scope 1, which is emissions from businesses’ own operations; Scope 2, which involves emissions from purchased utilities from third parties like electricity; and Scope 3, which covers all the other emissions in the entire value chain. This ranges from employee commute to consumer behavior when using the company’s products, among others.

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During the event, Iggy Sison, Chief Sustainability Officer of Del Monte Philippines, imparted the brand’s initiatives to realize a net zero carbon emissions goal in the three scopes. “The company is now shifting third-party delivery transport to double-decker trucks to reduce emissions. Aside from that, our goal is to decrease emissions at our production facility by 3 percent per year, install solar power in our plant and plantation, expand measurement to include Scope 3 emissions, and more.”

Leveraging Data and Technology for a Clear Path Forward 

However, for businesses to have a clear sustainability journey, Simone Pigason, Head of the Digital, Resilient, and Sustainable Supply Chain of SAP Southeast Asia, remarked that organizations need to address three key challenges. “Organizations must first have the ability to record their ESG data across the entire value chain to measure and ensure progress. Then, they need a robust platform that can cater to reporting needs across diverse regulatory bodies and frameworks. And finally, they must use different solutions to embed the insights gathered from the datasets into the business processes.”

#SAP #DelMontePH Enabling Sustainable Supply Chains Key to Reduce Carbon Emissions

Pigason then added, “Data enables businesses to forecast demand accurately to avoid unnecessary waste, especially with supply chain disruptions. Aside from increasing carbon emissions, overproduction can cause additional warehouse inventory, spoilage, and more.”

Developing Sustainable Supply Chains Now and In the Future

To help businesses kickstart their sustainability journey, Sison shared that organizations must first define their stakeholders, such as consumers, employees, and investors, among others. “After identifying these elements, companies need to determine what is a key concern for these stakeholders and prioritize the things to address. That is an important process to ensure that the sustainability initiatives are relevant, responsive, and proactive,” he added.

Meanwhile, Pigason encouraged companies to continue the conversation about sustainability in supply chains. “Talking more about sustainability can expand discussions from Scope 1 and 2 to 3. Businesses will also know where their baseline and where to start in the three scopes,” she added.

Rudy Abrahams, Managing Director of SAP Philippines, agreed on how organizations can begin developing sustainable supply chains. He emphasized the significance of sustainability now and in the future to businesses. “Sustainability can improve organizations’ profitability because businesses are reducing emissions, energy costs, and more to help the planet. Aside from that, it also helps in increasing brand value for shareholders, customers, and even employees while adhering to regulatory compliance and improving ancillary revenue streams.”

Advertisement

To assist businesses in strengthening their sustainability initiatives, SAP has been offering solutions like the Sustainability Navigator Tool. This solution helps businesses identify their sustainability challenges in three dimensions. This includes climate action, circular economy, and even social responsibility. It also provides solutions that can help organizations address the challenges using specific toolsets.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

Continue Reading

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#2023 #Trends: PH Businesses to Focus More on #Sustainability

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SAP shares industry trends that will shape 2023 and beyond

As companies now recognize the importance of Environmental, Social, and Governance (ESG) initiatives to ensure long-term success, sustainability initiatives among organizations will see significant strides this 2023.

In a recent blog by Thomas Saueressig, a Member of the Executive Board of SAP SE (NYSE: SAP), noted that in recent years, organizations had considered sustainability as an essential agenda as they focus on ESG initiatives, such as reducing their carbon footprint, investing in renewable energy sources, and promoting ethical practices. 

For Rudy Abrahams, Managing Director of SAP Philippines, this trend is also the same in the Philippines. The government, for instance, has been promoting sustainability by introducing policies encouraging organizations and businesses to adopt ESG initiatives.  

In 2019, the Securities and Exchange Commission (SEC) mandated publicly listed companies to submit an annual sustainability report, recognizing the relevance of ESG disclosures to support global and local sustainability goals and encourage transparency and accountability from companies.  

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Working to Achieve Circular Economy   

As part of their ESG initiatives, large enterprises in the Philippines must contribute to achieving a circular economy. For years, the global economy has been linear and single-use, contributing to the accumulation of waste materials, which end up in landfills or the environment. 

“A circular economy fosters new business prospects while preserving the environment. The advantages of implementing circular business models will significantly outweigh the existing investments that organizations must invest in,” Abrahams noted.   

This year, organizations in the country are expected to become more proactive in establishing more circular operations, especially with the passage of the Extended Producer Responsibility (EPR) Act of 2022 (Republic Act no 11898). This law requires large enterprises to recover their plastic packaging waste, or they will pay a fine.   This law requires large enterprises to recover their plastic packaging waste, or they will pay a fine.  

“Recovery is a subset of the more significant idea of EPR. This law emphasizes the obligation of organizations to ensure that the resources and waste that is generated can be recycled or decomposed sustainably instead of ending up in landfills,” Abrahams added.   

#2023 #Trends: PH Businesses to Focus More on #Sustainability

 

Ensuring Resilient Supply Chains   

Meanwhile, there is also an existing demand for businesses to ensure resilient supply chains. Nowadays, most greenhouse gas (GHG) emissions originate from businesses’ supply chain activities. A recent study by the non-profit organization CDP (formerly the Carbon Disclosure Program) revealed that these activities make up at least 92 percent of the whole GHG emitted by a business.   

“In recent years, businesses have seen the importance of having resilient supply chains. As disruptions still happen across various industries, digitalizing supply chains help organizations ensure that they provide consumers consistently with the goods and services they need and reduce their carbon emissions,” Abrahams added.   

Embracing Business Transformation  

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Meanwhile, as companies further strengthen their sustainability and ESG initiatives this year, Abrahams noted that embracing technology remains critical to implement these changes. Companies like AC Energy (ACEN) and Globe Group have been strengthening their business transformation initiatives to achieve their goals.  

For instance, ACEN, the listed energy platform of the Ayala Group, has been leading the charge in the renewables revolution and towards adopting technology. But the company knew that its green journey should start from within and by ensuring that necessary solutions are available to improve their processes.  

Recently, ACEN implemented SAP S/4HANA on Azure to create a unified digital business platform covering finance, procurement, inventory, and asset maintenance across multiple entities. SAP S/4HANA has been helping the company have visibility across its entities. This is crucial to enable collaboration among ACEN’s teams as they formulate and execute strategies to increase solar and wind plant capacities while reducing inefficiencies and waste.  

ACEN also aimed to achieve efficient day-to-day operations with streamlined processes on a digital platform by improving corporate governance, reducing cybersecurity risks, and minimizing paper wastage. In addition, learning a new skill, such as SAP S/4HANA, helped contribute to human empowerment in the workplace. 

For Globe, on the other hand, the effective use of organizational data to make more informed decisions is critical in improving sustainability outcomes. As the country’s top telco and digital solutions platform, Globe has various entities with different processes and reporting formats. 

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To address this challenge, Globe migrated to SAP S/4HANA to improve fragmented processes, manual workloads, inefficiencies, lack of insights, and delayed decision-making. It also integrated SAP Fiori to improve the user experience and access to insights. Automation and fewer reconciliations also enable quicker processing of financial transactions, quicker book closing, and error-free reporting. 

“These are the industry trends that we believe will share the world of business this 2023 and beyond. On our part, SAP remains committed to helping organizations transform into fully digital, resilient, and sustainable enterprises, enabled with data visibility into their business functions and processes to make the most critical strategic and operating decisions,” Abrahams concluded. 

 

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

 

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