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Future of Consumption in Fast-Growth Consumer Markets: ASEAN

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Future of Consumption in Fast-Growth Consumer Markets: ASEAN
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Date of Editorial Board meeting: 
Publication date: 
Friday, June 5, 2020
Abstract in English: 
As this report is being published, the world is going through unprecedented times. COVID-19, a term that did not exist when this study was being undertaken over 2019, is now ubiquitous, even though the scale and nature of its global impact will not be known for months to come. As of the second quarter of 2020, a third of the global population has been under a lockdown, with over 200 countries affected by health and economic burdens in diverse ways. Businesses, governments and citizens across the world want to leave the humanitarian and economic crisis behind as soon as possible. To successfully navigate through the COVID crisis and a post-COVID world, a premium will be placed on innovation, the willingness of organizations to disrupt themselves, and active collaboration. In the context of this seismic change, the World Economic Forum Platform for Shaping the Future of Consumption aims to accelerate the responsible transformation of the consumption landscape by enabling consumer well-being, environmental sustainability, inclusive growth models, and trust and transparency among all stakeholders. The mission and transformation goals of the Future of Consumption platform developed three years ago are now more relevant than ever to ensure positive benefits for business and society, across developed and emerging markets. It is an imperative that we advance progress with speed to build a prosperous future for all. In a post-COVID era over the next decade, accelerated shifts in global forces, more than 1 billion first-time consumers and the Fourth Industrial Revolution will continue to change the landscape of consumption in the fast-growth consumer markets of China, India and the ASEAN region. Both business and political leaders will be required to adapt their strategies to the changing needs and demands of connected and empowered consumers. The Future of Consumption in Fast-Growth Consumer Markets, a multi-year project, has focused on the evolution of consumption in emerging markets that comprise more than 40% of the world’s population. Critical foresights on drivers of growth and levers of inclusivity can benefit global leaders as they grapple with similar issues.
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32
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ASEAN 2025: Forging Ahead Together

Date of Editorial Board meeting: 
Publication date: 
Wednesday, January 13, 2016
Abstract in English: 
ASEAN was proclaimed a Community through a Declaration signed by ASEAN Leaders at their 27th Summit in Kuala Lumpur on 22 November 2015. This is a historic development and important milestone in the evolvement of ASEAN since its founding in 1967. An ASEAN Community is the realisation of the vision articulated eight years ago by ASEAN Leaders for the regional organisation to achieve community status by 2015.

ASEAN 2025: Forging Ahead Together, which was simultaneously endorsed by the Leaders at their 27th Summit, charts the path for ASEAN Community building over the next ten years. It is a forward looking roadmap that articulates ASEAN goals and aspirations to realise further consolidation, integration and stronger cohesiveness as a Community. ASEAN is working towards a Community that is 'politically cohesive, economically integrated, and socially responsible'. The ASEAN 2025 Document is the outcome of a year of planning and intense discussions, and reflects the determination of Member States to forge ahead with the next phase of ASEAN's evolvement.
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136
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