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By: Marvin Germo | April 20, 2020

Plan To Source Raw Materials

Last week, San Miguel Corporation (SMC) disclosed that it’s studying how it can reach out to more farmers to buy raw materials for its food products while extending its help to farmers amidst the pandemic. The company aims to find more raw materials while helping farmers become profitable in times like this. Specifically, SMC aims to find materials for rice production, cassava, corn, coconut oil, chicken, pork, and others. This plan can benefit everyone who is affected by the coronavirus, including the company, the consumers, and the farmers.

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The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020

Stimulating The Local Food Chain

According to SMC, this step would help to stimulate economic activity, especially right now that some businesses are down and people are not working. The local food chain, which consists of farmers and other people essential to the process such as processing personnel, suppliers of agricultural produce, processing facilities, and shipper to retailers will be stimulated with this plan. For the past weeks, the company had been purchasing cassava from over 17,000 farmers and 130 assemblers in the Philippines. With this plan, it’s really possible to offset some of the losses incurred by SMC during the lockdown.

Helping Farmers Amidst COVID-19

We’ve known San Miguel Food, Inc. as one of the largest producers of different kinds of food in the country, including processed meat, poultry, fresh meats, spread, flour, coffee, and dairy products. The company reported that it’s willing to avail of raw materials from the farmers at their guaranteed prices. SMC wants to make sure it doesn’t only help people in Metro Manila, but the farmers outside the city who are also affected by the pandemic. The company emphasized how farmers have been helpful to the supply chain of San Miguel Food. A lot of its products are sourced from local farmers. It considers farmers as more important right now, especially that the global competition when it comes to food today is so stiff.

Farmers Should Continue To Plant and Produce

SMC encourages farmers around the country to continue to plant and produce. The local market is needing their help to continue producing food to Filipinos. SMC says that its inventory is enough for now and the coming six months. The company is still willing to buy from farmers so that they can secure their supply for the succeeding months. Since the start of quarantine, the company has been expanding its food production to meet the increasing demands of Filipinos.

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