A.

Make a comparison on how these multinational companies drive on

globalization.

One of the top manufacturers of branded consumer food and beverage

products in the Philippines is Universal Robina Corporation (URC). The
organization is well established and growing its footprint across ASEAN. It is one
of the Philippines' pioneers in the field. Since its founding by Mr. John
Gokongwei, Jr., in 1954, the Pasig City-based Universal Corn Products Inc.
cornstarch production facility has been in operation for more than 50 years
(Universal Robina Corporation, 2019). This essay aims to provide examples of the
background and traits of Universal Robina Corporation. Overall, this essay aims to
demonstrate how Universal Robina Corporation's goods have evolved as a result of
globalization in today's dynamic environment.

For many years, URC's goal has been to become the leading food and
beverage firm in the Philippines with a significant presence across the ASEAN
region. URC's footprint has grown throughout ASEAN and Oceania thanks to the
establishment of manufacturing facilities in China, Malaysia, Myanmar, Thailand,
Vietnam, and New Zealand. However, the company's Exports Division has also
been crucial in bringing URC's renowned products abroad. Through this division,
the rest of the globe may now enjoy the diverse portfolio of the company's
products that are of excellent flavor, quality, and value and discover what
generations of Filipinos have come to love. URC's extensive array of great taste,
quality, and value brands URC presently sells items such as Jack 'n Jill snacks and
pastries, Great Taste instant coffee, and C2 ready-to-drink tea to 38 countries
worldwide. As a result of the acquisition, URC's sales resources and production
capabilities will be optimized, allowing the firm to better support its current
distributors and retail partners in existing markets while also exploring new
business channels. URC's unified worldwide Exports section strives to increase
worldwide awareness of its brands and expand their global reach. Through its
unified Global Exports section, explore new markets, identify untapped
commercial potential, and promote organic growth. (Universal Robina
Corporation, 2019)

The globalization of financial and capital markets is Universal Robina's

initial corporate characteristic. The firm earned PHP 8.1 billion in net income for
the fiscal year 2020's first nine months, which ended in September. This is a +12%
gain over the prior year's same quarter, owing to better operational income, lower
debt and interest expenditure, and fewer foreign currency losses. According to Lee
(2021), the previous year was difficult for them because of COVID-19, but the
firm managed to adapt. Up and get used to this new normal. They have reduced
both operational interruptions and the impact of the limitations and subsequent
slump on their staff.

In summary, Universal Robina Corporation has the ability to provide a

bright future for the globalization of our country. Their exports section was
founded particularly to serve the Filipino Diaspora populations worldwide by
supplying them with their favorite items, such as Jack 'n Jill, wherever they may
be. It has established itself as a manufacturing pathfinder with a large and
dedicated client base. Through its new goods, wide distribution network, and
effective marketing, the firm has consistently demonstrated its inventiveness and
quality. URC's considerable market leadership in snack foods and drinks
demonstrates this.