Top 5 Business Trends in Makati, Philippines You Should Know
Makati, Philippines is known for being the country’s financial hub, a prestigious address for many businesses, and a thriving city. As the business landscape continues to evolve, it is essential to stay updated with the latest trends and developments to stay ahead of the competition. Here are the top 5 business trends to look out for in Makati, Philippines.
1. Co-working and Shared Spaces
Co-working spaces and shared offices provide a flexible and affordable solution for businesses, especially startups, looking to establish a presence in Makati. These spaces offer entrepreneurs and freelancers the opportunity to collaborate, network, and access resources while minimizing costs. WeWork, Regus, and KMC Solutions, are some of the popular shared spaces in Makati.
2. E-commerce
As the world shifts to an online marketplace, businesses in Makati are also exploring e-commerce to expand their reach. E-commerce platforms, such as Lazada and Shopee, offer businesses the opportunity to sell their goods online easily. Some businesses in Makati have started to incorporate e-commerce into their traditional business models, with some even establishing their online marketplaces.
3. Digital Marketing
With more people turning to the internet for information and entertainment, digital marketing has become a crucial tool for businesses in Makati. From social media advertising to search engine optimization, digital marketing can help companies establish brand recognition, attract leads, and increase conversions. Some digital marketing agencies in Makati include SEO Hacker, Growth Rocket, and Xiklab Digital.
4. Sustainability
Makati businesses are taking on an environmentally conscious approach, with more establishments promoting sustainability and eco-friendliness. From conscious waste management to energy-efficient lighting, businesses are incorporating sustainable practices into their operations. Some notable examples are Ayala Land’s Vertis North and the City of Makati’s “Green Network.”
5. Artificial Intelligence
Artificial intelligence (AI) is also making its way into the Makati business scene. AI technology has the potential to improve customer service, automate processes, and increase efficiency. Some businesses are already incorporating AI technology into their operations, such as chatbots for customer inquiries or predictive maintenance for equipment. AI services providers like Lumin.ai, Buskowitz Group, and MNQIN are among the few businesses that have AI services in Makati that other businesses can leverage.
In conclusion, staying updated with the latest business trends is critical for any business’s success in Makati, Philippines. By keeping up with these trends, businesses can anticipate and adapt to changes in the marketplace, maintain a competitive edge, and achieve their goals.
