Top service exporter ADEC Innovations makes significant contributions to inclusive growth in the PhilippinesBACK
Southeast Asian firms are braving the volatile world market and facing every challenge head-on, resulting in an exceptional economic regional charge that is putting its very own service exports segment in a position it has never been in before.
The international trade in services has seen exponential growth in recent years, particularly in Southeast Asian nations like the Philippines. During the first half of the year alone, the country’s total export in services expanded to 12.8 percent. Just recently, ADEC Innovations, the global impact-investing firm known for its sustainability solutions, was hailed for playing an integral part in this growth.
During this year’s National Exporters Congress, the Department of Trade and Industry (DTI) revealed that the growth of the Philippines’ total exports in 2017 spurred the recovery of the country’s export landscape, which has experienced a sharp decline in the past few years.
However, for Anthony Rivera, assistant director of the Export Marketing Bureau, there is a lot of work to be done in stimulating further growth in the country’s exports. “Implementing programs for the improvement of the export sector calls for an effective partnership with our export partners,” he said.
The good news is that exporters have already made strides towards advancement. Rivera further explained that companies have “braved the volatility of the world market and faced every challenge head-on.” The service exports segment, in particular, has introduced significant contributions to this growth. Recent numbers from the Central Bank of the Philippines showed that the country exported a total of US$18.87 billion in services from January to June 2018, a 12 percent surge from just US$16.73 billion reported during the same period last year.
IT-BPM among top export services
Services under telecommunications, computer, and information services were among the top exports during this period, and ADEC Innovations is one of the major players in this sector. It recently received an Excellence Award for Service Export for its significant contributions in the field of information technology-business process management (IT-BPM), particularly in the knowledge process outsourcing (KPO) segment.
For John Walter Baybay, ADEC Innovations’ vice president for sales support and revenue generation, the company’s recent achievements such as the Excellence Award for Service Export are rooted deeply in its storied past. “Starting as a provider of data processing services in 1996, ADEC Innovations has evolved and built a robust portfolio of services such as business process outsourcing, software development, and data analytics,” Baybay explained.
Other than being a contributor to the growing influx of export dollars in the Philippines, ADEC Innovations has long established a global footprint as an industry-leading provider of sustainable business solutions. It has partnered with renowned organizations such as the Carbon Data Project (CDP) and Zero Discharge Hazardous Chemicals (ZDHC) to ensure that sustainable practices are upheld, particularly in manufacturing.
Furthermore, ADEC Innovations has been bringing income locally and generating new jobs for thousands of Filipinos annually. Growing their workforce has been integral in enabling the company into conducting about 3.5 million data transactions every year. As of the fourth quarter of this year, the company has a total of 2,981 employees across the country, a 70 percent increase from the same quarter of 2017.
“ADEC Innovations is an innovator and an employer. But, more importantly, it is at the forefront of sustainable development initiatives worldwide,” Baybay added.
Exports for inclusive growth
Exports are integral in helping the Philippines achieve inclusive growth, and both public and private sectors are called upon to promote local skills for a global market. The government, through its Philippine Export Development Plan, aims to generate a total of US$122-131 billion in exports for both goods and services by 2022. With this plan, the government envisions the Philippines to become a prosperous society and a poverty-free country by 2040.
For their part, ADEC Innovations will continue to make contributions to the export landscape in the Philippines as an industry leader in KPO and environmental data management services. Along with its own thrust on sustainability and its contribution to UN’s Sustainable Development Goals (SDG), ADEC Innovations positions itself as a key player for inclusive growth locally and globally.
As their workforce in the Philippines continues to grow, ADEC Innovations aims to create more value-added Data-as-a-Service (DaaS) and Software-as-a-Service (SaaS), endorse the Filipino talent, and position itself as the leader in exporting data analytics to the world.