Southeast Asia’s opportunity

21 December 2020

South East Asia’s opportunity

Green economy is experiencing exponential growth around the world. Despite this trend, Southeast Asia is lagging behind in its adoption of green economy practices. While this can create issues for the region in the future (if changes are not implemented), it also means there are untapped opportunities for green economy growth and investment in Southeast Asia. At the same time, the demand for dairy products is also growing across ASEAN. The following articles show growing opportunities for New Zealand businesses in green economy and dairy sectors in Southeast Asia.

Southeast Asia’s Green Economy: Pathway to Full Potential

While good for the environment and society, meeting the sustainability challenges and goals in Southeast Asia can also offer significant economic opportunities. The global green economy is developing rapidly with increased spending and investment in green, sustainable industries. In Asia, countries are also increasingly investing in green industries, renewable energy and technologies utilized in sustainability initiatives. However, the Southeast Asian region has been lagging behind in investment in green industries and has been experiencing increasing environmental stress issues. If changes are not implemented soon, the region risks losing global competitiveness, as investors and consumers are increasingly looking for sustainable businesses and products. Many of the sectors in Southeast Asia are still relying on unsustainable practices and products such as coal plants and palm oil.

Consumers and investors are however starting to push back and create discussions around green business innovation and the need for Southeast Asia to transition to a green economy. This means that there are many untapped opportunities in the region, with an estimated $1 trillion in annual economic opportunities by 2030 if the region transforms to a green economy. There are multiple pathways to make this happen, such as through innovation and export of new solutions, or by building new businesses and solutions for most pressing sustainability needs in the region. The article outlines a number of strategies that businesses across various industries and sectors can implement to help Southeast Asia transition to a green economy. Businesses that are willing to engage in green business development in Southeast Asia and adopt a green economy perspective can create growth for new sectors as well as save on costs from increased business efficiencies.

Read the article on the Bain website.

Dairy exports into Southeast Asia set to boom over next decade – Rabobank

The demand for dairy products is expected to grow significantly in Southeast Asia, as the ASEAN-6 (Indonesia, Malaysia, The Philippines, Singapore, Thailand and Vietnam) will continue to experience a growing milk deficit across the region. The deficit is expected to continue to grow over the next decade due to large populations, growing middle class with increased spending and increasing urbanisation. Dairy exporters are also increasingly looking to ASEAN-6 due to the geographical tensions and receding demand in China. These shifts will create more opportunities for New Zealand dairy exporters in the Southeast Asian region.

Read the article on the NZ Herald website.   

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