THE Federation of Philippine Industries (FPI) said supply chain disruptions and the weak peso make it necessary to pursue a “buy-local”approach to boost domestic industrial production.
In a statement late Tuesday, FPI Chairperson Elizabeth H. Lee said domestic production and procurement will ‘better position” the economy by building “capacity…to withstand external pressures.”
Foreign exchange volatility and supply-chain disruptions caused by the fighting in Iran cuts across industries and the overall economy, Ms. Lee said.
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