APAC

China is the biggest spender in IoT across the region.

The awards programmes celebrate innovation and excellence in Asia's manufacturing and export scene.

Three-quarters of APAC businesses are committed boost AI spending, even though only 8% have actually implemented industrialised AI in their operations to date.

Chinese automaker Geely and Korean chip supplier SK Hynix are newcomers in the potential fallen angels category.

Rising demand for higher quality devices will support bit shipment growth in memory chips this year.

Greenpeace says suppliers of tech giants like Apple and Microsoft should set meaningful climate goals too.

Thanks to better revenue and gross margin from a low base, UOBKayHian said.

A study found that these manufacturers face innovation and skilled workforce challenges.

Ever-changing consumer expectations have highlighted the importance of a “digital supply network” and data-driven best practices.

Employee resistance to tech change and lack of skills are the biggest hurdles.

The said market is seen to reach $18b in the next decade. According to a report by Future Market Insights, the global shell and tube heat exchangers market is expected to reach $13b by 2023 and $18b by 2033, with a CAGR of 4.1% from 2018 to 2023.

This is the first time automotive outranked other applications by a significant margin in KPMG’s research.

It is projected to account for 76% of East Asia market share by 2033.

It outpaces supply chain and digital transformation.

Only 20% believe it will last until 2024 or later.

This is despite the normal correction cycle of the industry and predictions of a recession.