Fung Academy, Fung Group
The age of AI and automation is upon us. This may be music to the ears of technologists, businesses, and investors, but Asia’s factory workers will be severely affected when computers and robots take over labor-intensive jobs. To help workers navigate the new economy, governments and businesses should invest in social safety net programs and education.
The fashion industry's supply chain no longer meets the expectations of society and business stakeholders. More digitalization promises to bring more efficiency and transparency. But fashion factories must also foster an open culture that encourages learning and that engages workers in the process.
Economies across the region will have to rethink trade finance, and accelerate the use of technology to drive inclusivity.
Financial technology applications need to go beyond payments systems to provide a wide array of services, from lending to insurance, to new and existing banking customers