Oliver Wyman Asia Pacific

The New Silk Road is the world’s manufacturing hub, accounting for over 40% of global trade. However, with supply chains evolving fast in response to prices, politics, and pandemics, the region’s manufacturing footprint will look very different in 10 years’ time. Our team has three forecasts for the Silk Road’s future supply chain: 1️⃣ High integration and medium transformation could lead to rapid intra-regional trade growth, with intra-regional trade rising to 70% of total trade. 2️⃣ Low integration and low transformation could result in China remaining central to the region’s manufacturing supply chains due to its cost competitiveness, automation, and access to clean energy. 3️⃣ Medium integration and high transformation could accelerate decarbonized and digital trade, benefiting clean energy producers in the GCC and creating a gap between innovation leaders and laggards. Below, Ben Simpfendorfer, one of the authors of our New Silk Road research, explains. Explore more insights > https://owy.mn/4bMF9Iz #SupplyChain #Manufacturing #NewSilkRoad

While nature-related opportunities and risks are clear, there are multiple barriers currently blocking financial institutions from scaling up capital flows that contribute to reducing the impact on nature. In our engagement with financial institutions as part of our recent research conducted with the World Economic Forum, we identified three key barriers preventing financial institutions from taking some of these actions on nature: 1️⃣ Data availability on corporate disclosures 2️⃣ Lack of resources, skills, and expertise 3️⃣ Unclear business case Read more on what priority actions financial institutions can take now > https://owy.mn/4by7thr #Biodiversity #Nature #FinancialServices

There are five areas of value opportunities that will shape the Australian telco industry. One opportunity area is product quality as our recent annual telco survey shows product quality is becoming a more important driver for customer lifetime value. Learn more by watching the video here > https://owy.mn/3Xv543J   Dr Felix Iblher Zia Bhadiar Ryan Kelly #Telecommunications #Internet #Broadband

CIMB is leading the way in Malaysia with their recent public commitment to 2030 carbon reduction targets for six high-emitting sectors. They are the first bank in Malaysia to set targets for the real estate, oil and gas, coal, cement, power, and palm oil sectors. Our Asia Pacific Head of Climate and Sustainability, Timothy Colyer, spoke alongside CIMB Group’s Group Chief Sustainability Officer Luanne Sieh, and CIMB Malaysia and CIMB Bank Bhd’s CEO Gurdip Singh Sidhu at the event announcing their climate targets. The Oliver Wyman team is proud to have journeyed with the CIMB team to set their net-zero targets. Read more in this article > https://owy.mn/3W9XTNx #NetZero #Sustainability #Malaysia

In a recent Oliver Wyman Forum survey, half of Singaporeans say that artificial intelligence will create new jobs, compared to the 35% global average. Yet, Singaporean workers are more concerned about AI job redundancy than employees elsewhere, signaling the need for better workforce upskilling. Our latest article outlines three principles for governments and organizations to have a robust and confident AI talent pool > https://owy.mn/3xyqGSo #ArtificialIntelligence #AI #Talent

Did you know the New Silk Road is home to half of the world’s busiest airports, and 42 of the world’s 60 largest containers ports? In this installation of our New Silk Road series, André M. dives into the vital role of mobility and transport in shaping the region's growth. Discover the burgeoning opportunities and how infrastructure investments and innovation solutions are paving the way for a more connected future. Delve deeper into what the New Silk Road has to offer for both the public and the private sector, with our comprehensive content hub > https://owy.mn/3ygCIzP #Mobility #Transport #NewSilkRoad

While AI is dominating most CEOs’ agenda, many businesses struggle to move beyond the theory and achieve tangible results. To help bridge the gap, we’ve launched Oliver Wyman Quotient - our global AI offering that brings decades of applied industry expertise under one team. In Asia Pacific, we're helping to build a secure, AI-powered industry scam detection at a national level, we’ve advised regional and global banks on analytics-led transformations and compliance assessments, and helped a top health and beauty retailer with AI-enabled promotion insights. Connect with Gaurav Kwatra, our Head of Quotient, Asia Pacific, and learn how we can help unlock the transformative power of AI for your organization > https://owy.mn/3VYsm12 #ArtificialIntelligence #GenAI #OliverWymanQuotient

Did you know the effect on cost of living challenges has been close to a 30% increase in hardship notices through last year? The largest reasons for hardship notices are overcommitment, reduced income, or unemployment – making up about 60% of overall numbers. Julian Granger-Bevan recently presented perspectives on assisting customers in hardship at Australian Banking Association (ABA) 2024 Banking conference in Melbourne. Some of the key takeaways from his session are: 1️⃣ There is a much bigger transformation occurring which sits outside of the current economic cycle 2️⃣ The recent ASIC Thematic Review raises the bar on expectations and sets a standard that we expect ASIC will hold lenders to more strictly 3️⃣ Whilst there are numerous areas where lenders may focus – we see particular opportunity in leveraging data, leveraging customer centric metrics, and thinking from a customer perspective Read more on what actions banks can take going forward > https://owy.mn/45wyiBn #Banks #Hardship #AusBanking2024 Matthew Stewart

At Oliver Wyman, we each commit to fostering a workplace where LGBTQ+ colleagues can achieve the amazing by bringing their full selves to work. Read our colleagues, Michael Ho and David Connah's experience and involvement with our LGBTQ+ network's global mentorship program. Michael Ho, Partner, and Oliver Wyman's LGBTQ+ Advisory Board member: "I look forward to making Oliver Wyman an even more amazing place to work for members and allies alike, and I am particularly excited about connecting our global efforts with our APR perspectives, maximizing our impact in this regional full of rich and diverse cultures." David Connah, Senior Consultant, Oliver Wyman's APR Lead and Global Co-Lead of PrOWd: "My involvement with the Oliver Wyman PrOWd global mentorship program has been rewarding and meaningful. I can honestly say that my experience as a mentee last year significantly boosted my professional growth by building connections with senior leaders I wouldn’t have met otherwise. That is why this year, I want to make sure others would benefit from the program as much as I did last year and have taken the initiative to run its current iteration in 2024. The program also provided a safe space for me to identify some of my strengths and areas for improvement, especially grappling with learnings LGBTQIA+ consultants usually face in their careers." Read more about Oliver Wyman's culture here > https://owy.mn/3L1RTQj #PrideMonth #Pride2024 #Mentorship

The Annual Meeting of the New Champions took place in Dalian, China, from June 25-27 this year. Organized by the World Economic Forum, the meeting brought together more than 1,600 global leaders from the public and private sectors, as well as civil society and international organizations, to engage in addressing the most pressing issues on the global agenda under the theme “Next Frontiers for Growth.” Here are three key takeaways from our Partner Qian Wu, who focuses on climate change and sustainability: 1. A new global economy is emerging, where balancing priorities such as technology acceleration and inclusive growth is essential. Governments are adopting coordinated fiscal, trade, and industrial strategies to strengthen economic recovery and curb inflation. This approach aims to create a more resilient and equitable global economic landscape. 2. China, with its super-sized market of over 1.4 billion people, offers a complete industrial support system, an abundant labor force, and a rich talent pool. The diverse scenarios for application and the receptiveness of Chinese consumers to new technologies make China a broad stage for enterprises to pursue innovation and upgrade their products. This environment fosters significant opportunities for growth and development. 3. Companies and organizations are increasingly aware of the need to adopt innovative approaches to minimizing our negative impact on biodiversity and restoring our ecosystem, leading to a nature-positive transition. For private sectors, how to measure the impact and audit the transition are critical to taking action. #ClimateChange #Sustainability #Innovation