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🎯 Philippines Outsourcing: $50B by 2028!

🎯 Philippines Outsourcing: $50B by 2028!

Plus 4 other charts on for investors

September 18, 2024 • Estimated Reading Time: 4 minutes

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Hello,

We are back today with a new post.

Today, we have 5 charts/ infographics from a diverse set of interesting topics:

Philippines outsourcing industry
Employment trends in Canada
Dating Apps: Worrying signs
Social Media (account) growth trend
Consumer spending in US by age group - A surprise there!

Let’s dive in.

1) Philippines outsourcing industry has become huge

Outsourcing industry in Philippines has become huge and is expected to continue to grow: ~$50B in revenue by 2028 and over 2m people employed! (baseline scenario)

For comparison, India’s outsourcing industry is >$170B in yearly revenue (source)

Concentrix and Accenture are two of the largest employers in the industry (if you want exposure).

2) Govt jobs growth outpaces private sector jobs in Canada

I find this chart shocking.

Public sector jobs growth in Canada has outpaced private sector jobs by a factor 1.7x.

Is that bullish for Canada? I don’t think so.

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Social Media account creation has slowed down considerably worldwide.

People are getting fatigued out there. Time spent online has also plateaued.

Email me if you want some good reports on Social media stats.

4) Dating apps have lost a lot of love with users

Users are turning away from dating apps in huge numbers.

Bumble is down 92% from ATH and Match Group is down 80% from ATH.

Would you invest in a dating app company?

5) Seniors (65+) are a big consumer category

Boomers are wealthy and spending a lot!

65+ age cohort account for highest proportion of consumer spending in US.

Investors / startup founders should pay attention.

That’s all for this post!

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