The Future of Production in ASEAN

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Manufacturing has been a critical part of the development story in Asia. Its large consumer base has seen a rapid increase in the level of discretionary spending. This positions ASEAN as a vibrant market for the production and sale of goods. However, this Asian-styled development model faces challenges. 

Export-based manufacturing helps to earn valuable foreign currency, drives investment into building infrastructure, creates jobs as demand shifts away from agriculture, and nurtures an eco-system of local SME suppliers that support the big foreign manufacturers.
Will the next generation of less-developed economies be able to thrive on export-based manufacturing as a path to prosperity? Despite varying levels of industrial development in the region, all countries in ASEAN face a long road to reach the productivity frontier.
The World Economic Forum is uniquely positioned to provide a platform among regional stakeholders that will serve as a catalyst to facilitate cooperation in the region focused on key priorities:

  • Bring regional leaders together for constructive public-private collaboration to change production systems and identify the advantages of disruptive technologies

  • Analyse the trends affecting manufacturing in ASEAN and assess country competitiveness in manufacturing

  • Employ the findings from the country readiness assessment and diagnostic tool to better understand regional strengths and weaknesses

  • Identify those levers that will improve ASEAN’s readiness for the Fourth Industrial Revolution/Future of Production

  • Identify opportunities for pan-ASEAN policies and global best practices’ application through regional production networks

Identify priorities for ASEAN and respective member countries, and disseminate information from the System Initiative on Shaping the Future of Production to remain competitive in global value chains