Top Emerging Business Trends in BGC for 2021 and Beyond

With its innovative infrastructure and robust economy, Bonifacio Global City or BGC is rapidly emerging as the go-to business hub in the Philippines. Entrepreneurs and investors consider it a primary business destination owing to its proximity to manufacturing facilities, vibrant nightlife, and rich cultural heritage.

However, like any other business center, BGC continues to undergo dynamic transformations that require vigilance and a keen sense of observation. In this article, we will explore the top emerging business trends that are likely to shape BGC’s landscape in 2021 and beyond.

1. Increase in Remote Work and Co-working Spaces

With the current pandemic, remote work has become the new normal. As people adapt to the new norm, many companies in BGC are likely to adopt remote work structures, leading to the rise of coworking spaces.

Co-working spaces facilitate teamwork, networking, and mentorship among professionals from various industries. The demand for co-working spaces is at an all-time high, thanks to the cheaper rates they offer compared to traditional office spaces.

Additionally, co-working spaces provide essential amenities, including Wi-Fi, printing and conference rooms, making them an attractive option for small businesses or entrepreneurs.

2. Emphasis on Sustainability

Environmental sustainability has become a significant priority for many businesses in BGC. The management of the city encourages businesses to embrace sustainable practices, such as energy efficiency, waste reduction, and the use of renewable energy sources.

For instance, some property developers are using solar energy to power their buildings, and others are implementing sustainable waste management measures to reduce environmental pollution while ensuring public health. Sustainability generates a positive social and economic impact, including attracting long term clients who advocate for eco-friendly products and services.

3. Integration of Technology

BGC has always been at the forefront of technological advancements, with businesses adopting digital innovations ranging from the incorporation of blockchain technology to electronic payment systems.

The current pandemic has accelerated the growth of e-commerce, and businesses must adapt their operations to meet the dynamic market demands. This has led to a boom in the industry, with many companies adopting various technological solutions to ensure their operations remain efficient and cost-effective.

Moreover, technological advancements in the country have led to more skilled IT professionals, creating more job opportunities for locals.

4. Focus on Multilingualism

With the business landscape becoming increasingly diverse, companies operating within BGC are encouraged to integrate multilingualism into their operations. This ensures that they can cater to a more comprehensive and diverse customer base in the Philippines and beyond.

For instance, businesses are encouraged to incorporate Tagalog, English, and Mandarin into their communications as these languages are the most widely spoken in the country.

Conclusion

BGC has become a focal point for businesses seeking to expand their operations in the Philippines. With the above emerging business trends, entrepreneurs and investors must take notice of these developments to remain competitive in the market.

Remote work and coworking spaces, sustainability, integration of technology, and focus on multilingualism are just a few of the trends that will shape the business landscape in BGC for 2021 and beyond. These trends will continue to promote innovation and growth for companies within BGC, leading to a vibrant and robust business community.

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