Singapore’s strategic place as a global business hub has been fueling the steady growth of the management and strategy consulting market. Singapore is today a crucial gateway to Southeast Asia, a region of rich economic potential. As the business operation complexity increases, the demand from the management and strategy consultants is being propelled by the need of digital transformation and the evolving regulatory framework. The drivers of this growth include the financial services, healthcare, technology and logistics sectors. As Singapore is a large financial hub, consultants are needed to help banks, asset managers and fintech companies with issues like regulatory compliance, or operational efficiency. Healthcare and technology sectors, amongst other sectors, are highly dynamic as a result of market trends, mergers, and acquisitions. Hence, developing long term growth strategies requires expertise around these markets.
Firms are also continuing to focus on digital transformation, and are now looking for consulting services to help integrate artificial intelligence (AI), automation and data analytics into their operations. Companies are also benefiting from consulting assistance to navigate post pandemic recovery, optimize supply chains and re-think business models to make them more resilient and sustainable. It is also opening up further avenues for consultants in areas such as sustainable development and infrastructure in the wake of Singaporean government’s push for smart city initiatives and green growth. Small and medium sized enterprises (SMEs) in Singapore's economy are also beginning to turn to consultants to help scale operations, explore new markets and roll out cutting edge technology.
It is with the view of staying updated with the emerging trends in the region’s business landscape that Asia Business Outlook has come up with a special issue containing stories of companies that have demonstrated their capability through their expertise. To strengthen the business landscape with their tightly-knit and result-oriented approach, they are setting new standards of effectiveness.
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