Industrials

  • Automation is providing businesses in the industrial sector with the chance to tap the latest technology for greater cost savings and more efficient production. Opportunities in areas such as rubber, automobile, metal mining are expected to grow in Asia. Key factors impacting the sector include rising electricity needs, growing construction, energy and utilities sectors and trade tariffs.

Industry Perspectives

 

We conducted a survey with 300 key decision makers across Southeast Asia (64%), Mainland China and Hong Kong (36%) to navigate the macro risk landscape given the current uncertainties.

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Three key trends are shaping today’s textile, apparel and footwear industry, with improving supply chain transparency and diversification of sourcing base being the main drivers.

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One of the most versatile metals in the world, steel is known for its durability, strength and malleability. Demand growth for steel is expected to be positive, while capacity addition becomes more disciplined.

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Due to the characteristics of aluminium, global consumption has been rising over the years and this trend is expected to continue. Concerns over supply disruptions due to sanctions and tariffs have also triggered volatility in aluminium prices.

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Consumption of gold saw a modest pick-up in 2018. In the past year, demand for gold jewellery slowed while the use of gold in technology applications reached its highest since 2014.

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Looking at global events, shifts in mindsets and more, this report will share UOB’s take on megatrends and the impact of these trends across industries.

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