Pre Pandemic Considerations
Different countries have different perspectives about how much people should consume. Some countries see a lot of growth while others do not. This means that consumption may change over time. In some places, there is an increase in consumption because of new technology or changes in government policies. In other places, there is less consumption because of old age or poor economy. The demand for the labor force increases as people become more wealthy. The digital economy provides better access to services and convenience.
The consumer of the future is more demanding, less trusting, and more empowered to make choices about what they buy and how they do it. As a result, brands must evolve to meet these new demands, and retailers must adapt to deliver the experiences customers want.
ALocal and insurgent businesses are growing fast. They're taking over some industries. They're disrupting others. They're more nimble than big corporations. And they're committed to weathering short-term turbulence. We see the rise of Chinese companies such as Huawei, DBS Bank, Unicharm, Kao Corporation, Suntory, UniversalRobina, and Indofood. These companies are creating new products and services and leading in AI and deep learning.
The digital revolution is set to reshape the global workforce in ways we haven't seen before. The gig economy is changing how many people work.
Sustainability and its environmental impact will rise on the agenda of Governments and Non-Government Organizations (NGOs) in the region. Businesses will shift towards sustainability and environmental issues by focusing on these areas. Investors will also focus on this field.