The recent pandemic has wrecked havoc on the memorial business. The traditional giants in memorial are probably hurting like the giant memorial plan company. Their sales probably shrunk, no one is using their plan, ,because people now turn to memorial plots, actual cremation and interment service. No use having the funeral service since the attendance is limited if not prohibited.
As the big company do not have cremation infrastructures, , they turn to local funeral homes who in turn turn to crematorium And as usual engage in layering of cost and squeezing the owners of the facilties. That would be unsustainable because customers will soon find out that there is over pricing. Direct cremation can be had for 1/3 the cost of the plans
We also realized that they may be holding billions of pesos in trust funds. It is not actually theirs but a liability to plan holders. We may be having more margins than them and resources owned.
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