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Our survey suggests that the vast majority of CEOs in the region are already taking some steps toward reinvention. Yet they are still not confident that their companies would survive more than a decade on their current path.
While the COVID-19 years were about rebalancing and de-risking supply, we now face a new reality. Economic volatility driven by inflation, energy crises and geopolitical tensions – among other forces – have created a new reality for business leaders. There’s a global race happening right now as businesses look to rebalance their supply chains and seek new suppliers, locations and talent. It’s no longer enough to focus on resilience and short-term profitability. Businesses need to transform to survive and grow.
This report from PwC covers why we believe this shift from resilience to growth is necessary, what it means for CEOs in Asia Pacific as well as for those trading with Asia Pacific, and what businesses can tangibly do to find growth in this environment. Global supply chains: The race to rebalance, sets out practical steps that CEOs can take to rebalance for growth.
Download our report Listen to our podcast
Our latest survey of 19,500 workers across Asia Pacific highlights the need for organisations to transform. 39% believe that their organisation is unlikely to survive more than 10 years if it continues on the current path - similar to CEOs surveyed earlier this year. However, are workers ready for the transformation journey ahead? Our survey reveals six key factors underpinning the workforce's reinvention-readiness.
The Asia Pacific region is a powerhouse of global economic growth. The Asia Pacific region accounts for more than half of the world’s population, one fifth of the world's economy, and is expected to contribute about 60% of all global growth in the next 10 years (Source: WEF, UNFPA).
Such growth promises a rising tide of prosperity but as Asia Pacific businesses grow and mature, the challenges confronting them and broader society become more challenging and complex.
That’s why PwC Asia Pacific is dedicated to fostering new ways of working to solve the important problems.
We do this by bringing together people with diverse ways of thinking and giving them the space to approach problems from all angles. We know the collective power of difference and its ability to spur creative breakthroughs.
Here’s how PwC is using it to solve important problems.
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"Old solutions won’t work for new problems, so we’re dedicated to thinking differently about the challenges and opportunities facing Asia Pacific. Our priority is to help our clients succeed in this very dynamic and ever-changing part of the world, and to help build trust in society."
Unlocking Asia Pacific
This exclusive blog series is a collection of opinions and insights from our people across the region, bringing you different perspectives on hot topics that matter to you and your business.
Latest blog posts:
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- Asia Pacific debt markets: What’s next and what’s needed to remain vigilant
Raymund Chao
PwC Asia Pacific and China Chairman, PwC China
Eddy Rintis
PwC Asia Pacific Vice Chairman ; Indonesia Territory Senior Partner, Jakarta, PwC Indonesia
+62 21 509 92901
PwC Asia Pacific Vice Chairman ; Japan Group Chairman, PwC Japan
Soo Hoo Khoon Yean
PwC Asia Pacific Vice Chairman, Malaysia/Vietnam Territory Senior Partner, PwC Malaysia
+60 (3) 2173 0762
Mark Averill
Roderick Danao
PwC Asia Pacific Vice Chairman, Philippines Chairman, PwC Philippines
Marcus Lam
PwC Asia Pacific Vice Chairman, Singapore Chairman, PwC Singapore
Joseph Chou
PwC Asia Pacific Vice Chairman ; Taiwan Chairman & Chief Executive Officer, Taipei, PwC Taiwan
+886 2 27296666, x26693
Mai Viet Hung Tran
Damon Hickey
Pauline Ho
Daniel Li
Vishy Narayanan
Nobuaki Otake
PwC Asia Pacific Consulting Leader, PwC Consulting LLC
Debra Wong
PwC Asia Pacific Risk & Quality, PwC Hong Kong
Chris Woo