Responding to the new reality
Businesses in the region must reshape uncertainty into opportunity, complexity into clarity, problems into potential. Our latest report sets out five aligned and mutually reinforcing success factors that help businesses rebuild trust, create value and deliver sustained outcomes in today’s landscape.
Disruption has prompted businesses to reevaluate their sourcing strategies. Leaders in Asia Pacific must shift their focus from cost and efficiency to resilience and trust when transforming their regional supply chain.
Opportunities for value creation are abundant in Asia Pacific. To scale in the region, dealmakers must take a strategic ‘capabilities-driven’ approach to acquisitions.
Digitalisation is crucial to respond to the new reality. Businesses must embrace digitalisation to drive insights, reduce cybersecurity and data privacy risk and stay relevant in an increasingly complex environment.
Employees in Asia Pacific value meaning and authenticity and 90% of the workforce prefer to work remotely or hybrid. To build trust and respond to the changing dynamics of their workforce, business leaders must rethink upskilling, embrace flexibility and delivery on purpose-driven work.
ESG is no longer a ‘nice-to-have’ for businesses in Asia Pacific. Leaders must move from good intention to value creation - accelerating progression of ESG priorities to differentiate in the market for capital and talent.
Rarely in history have business leaders had to deal with this many challenges, each coinciding and uniquely complex. And never have leaders had to respond to them all at once. We face a new reality, and a complicated road ahead with twists and turns that underscore the need to come together. Businesses must transform to drive competitiveness and prosperity, and lead Asia Pacific to a future as the world’s most resilient and sustainable economic powerhouse.
It’s Asia Pacific’s Time to respond to the new reality.
We must act now!
Sridharan Nair
Asia Pacific Chairman, Global Mobility Services
David Brown
PwC Asia Pacific Deals Leader, Partner, PwC China
Vishy Narayanan
Jeremy Prepscius
Global Sustainability, Sustainable Supply Chains, Managing Director, PwC Hong Kong
+852 6331 6254
Norah Seddon
Partner, Workforce, PwC Australia
Luke Soon
Asia Pacific Digital Products, PwC Singapore
David Wijeratne
International Growth Leader, Partner, PwC Singapore