Over a third of 2020’s online business in Southeast Asia was generated by new shoppers – and, on average, eight in 10 of them intend to continue buying online in future, according to surveys.
China has a significant lead on EVs compared to Southeast Asia, where moves to embrace and capitalize on the opportunities offered by green vehicles remain nascent. All the same, signs of catchup are evident throughout the region.
Shifts in regional supply chains that began as a trade war between the United States and China are being hastened this year by the coronavirus pandemic. Broadly speaking, this will result in slowdown in offshoring to China and a redistribution of manufacturing foreign direct investment (FDI) to the Association of Southeast Asian Nations (ASEAN).
After years of strong growth, the renewable energy sector is set to take a breather – and likely into next year. Immediate demand for energy has collapsed, oil prices have fallen in tandem and capital markets are in turmoil and therefore unlikely to support capital intensive projects.
As Covid-19 dominates global headlines, it is easy to lose track of other news and developments. Here are some of the issues that Access Asia Group has been following in Southeast Asia under the shadow of Covid-19.