The average monthly spending at sari-sari stores further declined in 2024, as Filipinos’ buying behavior trends towards micro-retail quantities—otherwise known as “tingi”—through smaller and more frequent purchases to stretch their limited budget. A report by tech startup Packworks showed...
AI and machine learning can be a powerful tool to forecast or estimate product supply management. They can analyze vast amounts of data, detect patterns and make accurate forecasts for future demand that'll help businesses optimize inventory levels, avoid "out-of-stock" and reduce excess...
Beer sales increased five folds during festivities in the Philippines, confirming Filipinos’ strong affinity to drinking during celebrations, according to a market intelligence platform. Sari IQ, the sari-sari store market intelligence platform run by startup Packworks, drew its conclusion from...
Frying food is one of the most common and preferred cooking methods in the Philippines during this holiday season because of its convenience and affordability, according to a study by sari-sari store tech startup Packworks. A comparison data obtained from Sari IQ on December 1-14, between 2021 and...
From left: Packworks founders, Hubert Yap, Bing Tan, and Ibba Bernardo. “It is not about the destination. It’s about the journey.” And for Hubert Yap, Bing Tan and Ibba Bernardo, a motorcycle journey meant to bring solar panels to isolated communities revved-up an idea in their minds that has...
Female entrepreneurs are the lifeblood of our country. According to government estimates, nearly 90 percent of micro and small entrepreneurs are owned by women, women who are striving to make a difference in the lives of their families and the communities they live in. Packworks In time for...
