Reuters Events’ Post

🚀 This recent survey reveals a growing concern among Singaporeans towards the pace of technological and societal changes. In short: 1. Over half of respondents feel left behind by the rapid evolution of technology and society. 2. There's a significant distrust in government leaders, business leaders, and journalists, with concerns over misinformation. 3. To rebuild trust, experts suggest a greater emphasis on transparent communication, accountability, and aligning actions with words. What are our sentiment towards technological change and inclusive growth? And another question (not just for business, gov and media leaders): What do we do to bridge the gap between innovation and public trust? #Technology #Society #Trust #Singapore Media report by Today: https://lnkd.in/gBKAcXTA Read the full report here: https://lnkd.in/gSQcphrb

China Strategy first and foremost means transformation! With every European politician's visit to China, I am asking myself the question who it is that is supposed to change. According to Western media, it is China / Chinese politics / Chinese people that are required to fit into a given set of values and the world order. At the same time, it is European companies who desperately want to do business in China. Discrepancy, misperception, arrogance? Probably all of that. If not, there is are obvious choices to accommodate the ambitions of European companies: they can produce outside of China, sell outside of China, or even opt out with full decoupling. Sometimes, all of this. Or they decide to take China as it is: a largely unpredictable market with tremendous challenges and pivotal changes that require permanent adaptation and learning! To achieve success with China, in whatever constellation, European companies need to undergo significant transformation by themselves, embracing continuous learning and adaptive strategies. This transformation spans several critical dimensions: cultural understanding, digital integration, regulatory navigation, and strategic agility. China's (digital) ecosystem is unique and rapidly evolving, and European companies must transform their strategies to effectively engage with Chinese consumers and partners. The Chinese regulatory landscape is complex and often requires a proactive and informed approach. European companies must transform their compliance strategies by staying updated on local regulations and adapting swiftly to changes. To thrive in China, European companies need to adopt a more flexible and adaptive strategic approach. This means being willing to pivot and adjust business models based on real-time market feedback. Forming local partnerships is crucial. European companies must embrace an agile strategy to succeed in the dynamic Chinese market. This involves decentralizing decision-making processes to empower local teams, fostering a mindset of innovation and experimentation, and continuously up-skilling employees to keep pace with market trends. Agile strategies enable companies to respond swiftly to market changes and consumer demands, promoting a culture of rapid iteration and feedback. In conclusion, European companies must transform themselves before asking others to change. This does not involve blindness or subservience, but a clearly defined strategic frame within which to experiment. #agilestrategy #internationalbusiness #China #chinaknowledge #transformation -- The CaralanGlobal Institute is part of Caralan Global Advisors - a strategy consulting network of experts with multiple years of industry experience, high-level university degrees and significant international work exposure in managerial positions. A major focus is to transfer management insights from East to West and vice versa.

Think Global & Be Global: How Global Mindset and TMT Internationalization Affect Digital Innovation

Concise overview of ASEAN history, opportunities, challenges, and $3.2 trillion market. And an illustration that while US engagement is desired it can't be taken for granted. Business doesn't wait, they have options, and we need to compete with our policies and strategies. "Huawei has committed to assist ASEAN countries in establishing a digital talent ecosystem. The company has undertaken several projects in recent years, resulting in the nurturing of more than 200,000 digital professionals. These efforts are a significant contribution to the region’s digital transformation and technological advancement, and could well represent an opportunity for ASEAN leaders to collaborate further with business and industry to drive the regional agenda forward."

Very interesting - Thank you Estelle Metayer for sharing Asia's technological advancements and their impact on various industries! - Asia adopts new technologies 8-12 years ahead of the West. - Areas where Asia leads:  1. Super Apps: Mobile apps offering multiple functions.  2. Mobile Payments: Dominance in both online and offline transactions.  3. Social Commerce: Pioneered social shopping experiences.  4. Short-Form Videos: China's success with TikTok influenced Western competition.  5. eSports: Asia, especially South Korea, is a hub for competitive gaming.  6. Webtoons: Asian digital comics gaining popularity in Western markets.  7. Digital Healthcare: Asia's comprehensive digital healthcare ecosystem grows rapidly, surpassing Western adoption rates. - Drivers: Underdeveloped infrastructure, high internet connectivity, young population, urbanization, rising middle class, and entrepreneurship. What other areas do you think Asia might lead the way in shaping the future of technology and innovation? Share your thoughts and predictions in the comments below! 👇 #Futuretrends #Globaltrends #AsiaTech #SuperApps #MobilePayments #SocialCommerce #ShortFormVideos #eSports #Webtoons #DigitalHealthcare #TechTrends #Innovation

As we enter a new era of technology and innovation, businesses in China are actively embracing emerging technologies to accelerate their digital transformation and stay ahead.   Our latest research which surveyed 2,900 business leaders across eight markets globally has found that – more than 80% of the surveyed businesses in China are investing significantly in new talents or re-training their workforce in response to rapid advances in technology. In the meantime, nearly 70% of Chinese businesses are planning to invest in AI technology to create operational efficiency, representing the highest percentage among all surveyed markets.   Aside from the China findings, our research also revealed four trends that will drive fundamental change and bring new opportunities for businesses through digitalisation over the next 10 years.   While the forward-looking businesses are keeping up with innovation, we’re supporting them to build a future-proof business.   Find out more about the China findings here (Chinese only): https://lnkd.in/gSx_an5Q Check out the four trends in our Digital Horizons report here: https://lnkd.in/gYrdfiQ6   #DigitalHorizons #HSBCAI #Digital

Here's everything that you need to know about the #digitaldisruption in Singapore and its impact on the rising workforce. Author: Pratha Arora

Want to know what's next, follow technology adoption in Asia.... so much truth here. The first time I was exposed to this was when my wife needed to purchase an outfit for a family wedding a few years ago. The entire customer journey was executed on WhatsApp by the various departments, from selection to measurements to order tracking. Or my interaction with Talabat in UAE... ordered a SIM card, delivered to my door in 30 minutes and activated by the driver who was equipped with a portable network activation tablet. These are somewhat simple transactions, however from a consumer perspective, our expectations were exceeded, and that’s what’s brands aim to achieve to build and retain loyalty. (Talabat owns 78% of food delivery market in UAE ….. statista2023). The ability to adapt rapidly and integrate various tech platforms to support and scale B2C businesses is simply astonishing. Tracking digital health closely...while on hold... on a telephone line to check on an order status... :) Thanks for sharing Estelle Metayer Kassim Kara Michael Goodman Gregory May, BA Rajeev Agarwal #futureofbusiness #trendspotting

Asia’s economies were the great beneficiaries of a globalizing world over the past 30 years – capitalizing on the defining trends: deepening global connections, rapid digital adoption, and broadening urbanization and capitalization. But current economic and political disruptions have Asia at the epicenter. How will Asian economies adapt to and shape a challenging new landscape? Swipe to see how Asia is taking center stage as the world teeters on the cusp of a new era ➡️ mck.co/AsiaCusp

🌏 The Asia-Pacific Region: A Hub of Economic Power and Opportunity 🌏 In recent years, we've seen the Asia-Pacific region emerge as a dominant force in the global economy, now holding a staggering 53% of the world's international reserve assets. This growth isn't just a testament to the region's economic strength but also a signal of the immense opportunities available for businesses looking to expand. However, with these opportunities comes a set of challenges—navigating diverse regulatory environments, ensuring compliance across borders, and maintaining trust in an increasingly digital world. As businesses look to capitalize on Asia-Pacific's potential, it's more important than ever to stay ahead of these challenges, adapting to the unique demands of each market while embracing innovation and technology. I’d love to hear from others in the community: What strategies are you using to successfully expand in this dynamic region? How are you addressing the regulatory and compliance complexities? Let’s discuss the key factors that are driving success in Asia-Pacific. #AsiaPacific #GlobalExpansion #EconomicGrowth #Compliance #DigitalTransformation #RegulatoryChallenges