Innovation and adaptation: Challenges and opportunities for mid-market firms

THE present global economic landscape continues to pose challenges for mid-market firms in the Philippines with 52 percent of business leaders identifying economic uncertainty as a significant restraint to business growth, according to the latest International Business Report (IBR) conducted by Grant Thornton International.

In the face of unpredictability and pervasive inflation, Philippine mid-market firms are demonstrating resilience and agility. These enterprises, considered the backbone of the economy, are navigating the complexities of the current environment with a blend of creative innovation, adaptability and a great deal of optimism for the foreseeable future.