Asia Pacific's Time

We must act now.

Asia Pacific's Time

Asia Pacific's Time

Asia Pacific is changing. The strong fundamentals which dramatically improved prosperity and living standards across the region, can no longer be relied upon to address the inevitable continuous disruptions.

The era of passive growth is over; it is now time to act.

This is Asia Pacific’s time. Asia Pacific must now build a resilient future on five pillars: Advancing the digital economy, enabling regional enterprise growth, rebalancing supply chains and fostering innovation, future-proofing the labour force, and building towards a net-zero economy.

Duration: 00:01:23

Advancing the digital economy

Businesses across the region must accelerate their digital adoption in order to stay competitive. This will require identifying the right areas for digitalisation and prioritising technological solutions at appropriate places in their value chain. However, the ensuing security and data-related risks will require business and government to enhance data privacy and cyber-security policies.

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Enabling regional enterprise growth

With rising global uncertainties, enterprises must proactively expand their regional presence to benefit from the growing opportunities across Asia Pacific. This will be even more relevant with the recent signing of the world's largest trade agreement, the Regional Comprehensive Economic Partnership (RCEP). Operational performance, product and process innovation, and go-to-market excellence will be crucial, with regional expansion in the services sector and growing digitalisation being high-potential areas.

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Rebalancing supply chains and fostering innovation

Businesses must seize this moment to restructure their global supply chains and transition to new regional networks. This rapidly changing environment will allow nations to develop hubs in which corporations and start-ups, collaborating with academia and governments, work together to drive innovation.

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Expand and future-proof the labour force

The region needs a workforce equipped with advanced and relevant skillsets for its near and long term future. Businesses should reskill employees’ for their entire careers through effective partnerships, whilst governments need to develop new long-term growth goals and identify the tomorrow’s jobs before revising their education strategies. This needs to be done with the support of business and local communities to develop the necessary talent for future growth.

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Building climate change resilience towards a net-zero future

Asia Pacific is highly vulnerable to climate change and should take a leadership role in creating a net-zero future. Actors throughout the region must collaborate in the construction of a circular economy, while enhancing food security with innovative agritech solutions across the developed and developing parts of the region.

Download the Executive Summary   Download the full report

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Raymund Chao

PwC Asia Pacific Chairman ; Chairman, PwC China

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Christopher Kelkar

PwC Asia Pacific Vice Chairman, Operations

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Sridharan Nair

PwC Asia Pacific Vice Chairman, Markets

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David Wijeratne

Partner, Growth Markets Practice, PwC Singapore

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Raymund Chao

PwC Asia Pacific Chairman ; Chairman, PwC China

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Tom Seymour

PwC Asia Pacific Vice Chairman ; Australia Chief Executive Officer, Brisbane, PwC Australia

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Shyamal Mukherjee

Chairman & Territory Senior Partner, Mumbai, PwC India

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Eddy Rintis

PwC Asia Pacific Vice Chairman ; Indonesia Territory Senior Partner, Jakarta, PwC Indonesia

+62 21 509 92901

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Koichiro Kimura

PwC Asia Pacific Vice Chairman ; Japan Group Chairman, PwC Japan

+81 80-3158-6202

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Hoonsoo Yoon

Chief Executive Officer, Seoul, PwC South Korea

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Soo Hoo Khoon Yean

PwC Asia Pacific Vice Chairman, Malaysia/Vietnam Managing Partner, PwC Malaysia

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Mark Averill

PwC Asia Pacific Vice Chairman ; New Zealand Chief Executive Officer, Auckland, PwC New Zealand

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Keren Blakey

Chair, Auckland, PwC New Zealand

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Alex Cabrera

PwC Asia Pacific Vice Chairman ; Philippines Chairman, Makati, PwC Philippines

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Oon Jin Yeoh

PwC Asia Pacific Vice Chairman, Singapore Executive Chairman, PwC Singapore

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Joseph Chou

PwC Asia Pacific Vice Chairman ; Taiwan Chairman & Chief Executive Officer, Taipei, PwC Taiwan

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Chanchai Chaiprasit

PwC Asia Pacific Vice Chairman ; Thailand Chief Executive Officer, PwC Thailand

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Van Dinh Thi Quynh

Country Senior Partner, Hanoi, PwC Vietnam

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Matt Graham

PwC Asia Pacific Assurance Leader, Sydney, PwC Australia

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David McKeering

PwC Asia Pacific Consulting Leader, Brisbane, PwC Australia

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Sean Gregory

PwC Asia Pacific Risk & Quality Leader, Sydney, PwC Australia

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Calum Davidson

PwC Asia Pacific Transformation Leader, Hong Kong, PwC China

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Damon Hickey

PwC Asia Pacific Alignment Leader, Hong Kong, PwC China

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David Brown

PwC Asia Pacific Deals Leader, Hong Kong, PwC China

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Peter Ng

PwC Asia Pacific Tax Leader, PwC China

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Pauline Ho

PwC Asia Pacific Human Capital Leader, Kuala Lumpur, PwC Malaysia

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Pete Calleja

Markets Leader, Sydney, PwC Australia

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Thomas Leung

Markets Leader, PwC China

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Markets Leader, PwC India

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AyTjhing Phan

Markets Leader, Jakarta, PwC Indonesia

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Yukinori Morishita

Markets Leader, PwC Japan

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Hwa-Joo Bae

Markets Leader, SamilPwC, PwC South Korea

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Nurul A'in Abdul Latif

Markets Leader, PwC Malaysia

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Joanne Robinson

General Manager Markets, Auckland, PwC New Zealand

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Roderick Danao

Vice Chairman and Assurance Partner Markets Leader, Makati, PwC Philippines

+63 (2) 459 3065

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Kok Weng Sam

Markets Leader, PwC Singapore

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Andrew Taggart

Clients and Markets Leader, PwC South East Asia Consulting, PwC Singapore

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Kevin Lin

Markets Leader, Taiepi, PwC Taiwan

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Niphan Srisukhumbowornchai

Markets Leader, Bangkok, PwC Thailand

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David Tay

Markets Director, TP.HCM, PwC Vietnam

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