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Building Philippine SMEs Resilience to Natural Disasters

Author

Listed:
  • Domingo, Sonny N.
  • Ballesteros, Marife M.

Abstract

Disasters are bad for business specifically for small and medium enterprises (SMEs). These catastrophic events can compromise capital, logistics, product market, and labor, which compromise business continuity and recovery. Physical damage and disruptions in supply and labor can cause temporary business closure while structural repairs to buildings and recovery or replacement of damaged equipment needed to restore operations require large amount of resources. The adverse impact may not only be short term but can have medium- to long-term effects. Unfortunately, the disaster risk reduction and management (DRRM) framework of the government has not been effectively translated into local and sectoral (or business) plans. Philippine SMEs thus are highly vulnerable, have weak adaptability and limited access to a broader set of coping strategies. This paper recommends strategic policies to embed DRRM into the business sector and the role of APEC in promoting SME resilience in the region.

Suggested Citation

  • Domingo, Sonny N. & Ballesteros, Marife M., 2015. "Building Philippine SMEs Resilience to Natural Disasters," Discussion Papers DP 2015-20, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2015-20
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/building-philippine-smes-resilience-to-natural-disasters
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    Cited by:

    1. Antonis Skouloudis & Thomas Tsalis & Ioannis Nikolaou & Konstantinos Evangelinos & Walter Leal Filho, 2020. "Small & Medium-Sized Enterprises, Organizational Resilience Capacity and Flash Floods: Insights from a Literature Review," Sustainability, MDPI, vol. 12(18), pages 1-17, September.
    2. Israel, Danilo C. & Bunao, David Feliks M., 2016. "Research on Urban Resilience to Natural Disasters of Households, Firms, and Communities in the Philippines," Discussion Papers DP 2016-41, Philippine Institute for Development Studies.
    3. Llanto, Gilberto M., 2016. "Risks, Shocks, Building Resilience: Philippines," Discussion Papers DP 2016-09, Philippine Institute for Development Studies.
    4. Wenxiu (Vince) Nan & Minseok Park, 2022. "Improving the resilience of SMEs in times of crisis: The impact of mobile money amid Covid‐19 in Zambia," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(4), pages 697-714, May.
    5. Llanto, Gilberto M., 2016. "Risks, Shocks, Building Resilience: Philippines," Research Paper Series DP 2016-09, Philippine Institute for Development Studies.
    6. Jha, Shikha & Quising, Pilipinas & Ardaniel, Zemma & Martinez, Jr., Arturo & Wang, Limin, 2018. "Natural Disasters, Public Spending, and Creative Destruction: A Case Study of the Philippines," ADBI Working Papers 817, Asian Development Bank Institute.

    More about this item

    Keywords

    Philippines; business; disasters; resilience; micro; small; and medium enterprises (MSMEs);
    All these keywords.

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