It's undeniable that the arrival of the coronavirus pandemic was more than just a healthcare concern. Across numerous countries, its negative impact led to a massive decline in employment due to the danger of contracting COVID-19. Unlike natural calamities like typhoons and earthquakes, it's an obstacle that many nations were unprepared to handle.
The Philippines experienced cumulative losses of P3 billion across key sectors in the country, causing major economic setbacks in tourism, international trade, construction, and more. Although the past few quarters have been difficult, to say the least, there is potential to adapt for the better on how the country is slowly recovering from the pandemic's effects. F8Works’ Founder and Managing President, Peter Robert Roy, believes that the potential for growth isn't far from being a reality, even with the current difficulties that the Philippines is facing now.
The struggle of the construction industry with COVID-19
The impact of COVID-19 on the Philippines' construction industry resulted in a stop of most works in Luzon and other parts of the country, with a 22.4% reduction from 39,762 projects to a staggering decline of 30,838. PSA data shows that this resulted in P21.6 billion in losses of construction activities. The present difficulties of construction workers' mobility, together with limited movement of construction materials, make it a troubling setting during the first few months of the pandemic.
The impact of COVID-19 can be seen as a struggle to return to the status quo. However, many nations overcoming this healthcare issue are seen to go beyond the "new normal" by discovering opportunities that can benefit their countries for the better. Not unlike the Philippines' current struggles, Peter Robert Roy's career is an answer to choosing between sustainability and opportunity.
Comparing the advantages of sustainability vs opportunity
It's not uncommon for people to find a sense of sustainability by being a part of a larger business entity. A steady career progression and the sustainability of a 13th-month pay have their benefits. However, Peter Roy realized that he could develop his career with his own path as long as he matched it with an unwavering desire and dedication to reach for higher goals.
A graduate of BS Mechanical Engineering in the University of Nueva Caceres in Naga City, he came from a family of mostly civil engineers. He started with humble beginnings by working as a dining crew at Jollibee during his formative years. After graduating college, he began work in former senator president Arroyo's office for the Mt. Pinatubo Rehabilitation Mega dike.
Afterward, he had the chance to work at several big-name companies such as MIESCOR for their Air Liquide Plant in Taguig, the Research and Development Department of Ayala Land on their developments in Makati and Ortigas Central Business Districts. Eventually, he landed a position at Empire East Landholdings Inc. where he was a Project Development Assistant in Corporate Planning and Land banking Division. Although he was experiencing the benefits of a relatively successful career, he found that there was still potential for him to grow as an individual. It was at this point in his career that he considered the value of starting his own business.
The initial idea of F8Works conception was a time for contemplation in Peter Roy 's career path. Risking the comfort of employment was the most challenging obstacle for Roy to make. Nevertheless, he chose to pursue his own aspirations by resigning in 2006 and starting F8works Construction Corp.