The Philippine Retailers Association (PRA) said its outlook for the rest of 2022 as the public resumes its pre-pandemic consumption patterns. READ:
PRA President Rosemarie B. Ong said: “We’re expecting the second quarter to even be better than the first quarter. So far, the outlook this year is very positive despite the challenges. Those challenges are external. We have no control of that. I think the main driver was home consumption,” Ms. Ong said on the sidelines of the PRA’s recent second quarter general membership meeting in Makati City.
“I think things are under control and besides, majority of the population has been vaccinated already. From the reports that we got, most of the infected easily recover if they are vaccinated,” Ms. Ong said. Ms. Ong said however that PRA members are reporting challenges in logistics due to a shortage of shipping containers.“Lead times have been prolonged. Retailers have to strategize. Before, it was two weeks, now one month. The lead time has doubled, depending on the origin,” she added.
“By and large, retailers are resilient. We’ve gone through the pandemic, we’ve gone through so many challenges, and we work together. We collaborate and share ideas,” she added.
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