Boston Consulting Group (BCG)’s Post

With a vibrant youth-driven culture, dynamic digital economy, and bold infrastructure growth, Indonesia is setting the stage for a remarkable future. From fostering tech start-ups to reimagining communications, the country's evolution over the past decade is a story of innovation, resilience, and opportunity. Dive into our observations and insights here: https://lnkd.in/gAyRe4gu

Human talent is the cornerstone of economic growth. By empowering a skilled workforce, we drive innovation, attract foreign investments, and strengthen Indonesia's leadership in ASEAN and beyond. From boosting GDP through upskilling initiatives to positioning the country as a global digital economy player, Indonesia’s workforce is shaping a brighter tomorrow. Join us at Indonesia Economic Summit 2025 as we explore groundbreaking strategies and actionable insights to invest in human potential and secure sustainable growth for the nation. Let’s unlock Indonesia’s true potential together! #IndonesiaEconomicSummit #IES #IndonesiaEconomicSummit2025 #IES2025

We are honored to announce that 5P Global Movement has had the privilege of collaborating with the Indonesian Chamber of Commerce and Industry (KADIN) in developing a comprehensive white paper for the current Indonesian government. Our contributions focus on the Inclusivity Pillar, a critical component in advancing Indonesia’s aspiration to achieve 8% economic growth. Within this pillar, we have provided three key recommendations: 1. Strategies to enhance social reproduction and mitigate social costs in vital industry sectors. 2. Strengthening Indonesia's leadership role in South-South cooperation initiatives. 3. Addressing fundamental challenges in the nation's healthcare system. We remain steadfast in our confidence and optimism that Indonesia will successfully achieve its economic growth targets within the next five years. This collaborative effort reflects our commitment to fostering inclusive and sustainable development for Indonesia’s future.

Opportunities Amidst Change: Navigating Indonesia's Evolving Middle Class Recent reports have highlighted a shift within Indonesia's demographic landscape. The number of individuals in the middle class has shrunk by 9.48 million people, dropping from 21.45% to 16.5% of the total population. This may impose a certain impact in their buying behavior, for example switching to more affordable products and eliminating leisure spending. Looking in the positive side though, this condition presents unique opportunities for businesses to innovate and adapt. By understanding the evolving needs and preferences of consumers, businesses can capitalize on emerging trends and capture new market segments. Key strategies to keep in mind: 1. Targeted Innovation: Develop products and services that address the specific needs and challenges of Indonesia's growing consumer base 2. Cost Optimization: Implement efficient processes and leverage the use of technology to reduce costs and improve profitability. 3. Diversification: Expand product offerings to cater to a wider range of consumers, including those in lower-income brackets. Hopefully by embracing these strategies, businesses can fight this economic challenges and thrive in Indonesia's dynamic market. #IndonesiaEconomy #MiddleClass #BusinessOpportunities #Innovation #CreatingValueforLife #BetteringYourWorld

🌟 **Market Insights: Indonesia's Rapid Growth in the Financial Landscape** 🌟 Indonesia's stock market is buzzing with potential as the **IDX Composite (IHSG)** continues to display resilience amidst global uncertainties. 📈 The latest data reveals that sectors like **tech, energy, and consumer goods** are leading the charge, showcasing Indonesia's dynamic economic growth. Excitingly, businesses are leveraging digital transformation more than ever, with fintech and e-commerce players expanding their reach in rural areas, fueling innovation and tapping into underpenetrated markets. 🚀 💡 **Did you know?** Indonesia is on track to become **Southeast Asia's largest digital economy** by 2025, fueled by rapid urbanization, a booming middle class, and widespread internet penetration. This is YOUR time to explore opportunities in the Indonesian market! 🎯 **Calling All Investors & Business Leaders:** Don't let this momentum pass! Keep an eye on companies in emerging sectors, partnerships between global players and local businesses, and innovative IPOs shaping the market. Stay ahead by making informed decisions today. 💬 Let's discuss: Which Indonesian industries or sectors are you most excited to see grow in 2024? Share below and start the conversation! #IndonesiaMarket #InvestmentOpportunities #Finance #StockMarket #BusinessGrowth #EmergingMarkets #InvestorRelations

🌏 Insights from PwC’s 27th Annual Global CEO Survey - The Indonesia Perspective: Navigating Change through Continuous Reinvention 🚀 In the face of unprecedented global challenges, the latest insights from PwC's 27th Annual Global CEO Survey, focusing on Indonesia, have just been unveiled. As we delve into the findings, it’s clear that Indonesian leaders are gearing up for a future marked by agile adaptation and innovative strategies. Key Takeaways: - Optimism Amidst Adversity: Despite global economic uncertainties, Indonesian CEOs demonstrate resilience and a positive outlook towards future growth opportunities. - Emphasis on Digital Transformation: A significant pivot towards digital technologies is evident, with leaders investing in digital infrastructure to enhance operational efficiency and customer engagement. - Sustainability as a Priority: Environmental, Social, and Governance (ESG) considerations are increasingly at the forefront, with CEOs acknowledging the critical role of sustainable practices in long-term success. - Navigating Geopolitical Tensions: With the global landscape experiencing shifts, there's a strategic focus on navigating geopolitical challenges while fostering international collaborations. This year’s theme, "Navigating Change through Continuous Reinvention", couldn't be more apt. As Indonesian businesses face the dual challenges of evolving market demands and the need for sustainability, the survey underscores the importance of resilience and innovation. What does this mean for Indonesian Leaders? - Staying ahead requires not just adapting to changes but being at the forefront of creating transformative solutions. - Investing in technology and talent will be key to unlocking new growth avenues. - Embracing sustainability isn't just ethical; it's economically prudent. As we chart our course through these changing tides, the insights from PwC’s survey offer a valuable roadmap for Indonesian CEOs and leaders aiming to lead with vision, agility, and a deep commitment to sustainability. Let’s discuss how we can apply these insights to foster growth and innovation in our sectors! How are you planning to navigate these changes in your industry? #PwC #CEOsurvey #DigitalTransformation #Sustainability #Leadership #Innovation #Indonesia

Embracing the Digital Future for Sustainable Growth in Indonesia 🚀 In the age of the twin transition, where digital and green revolutions converge, Indonesia stands at a pivotal point. From boosting internet penetration to enhancing the resilience of its digital economy, Indonesia is primed for growth. 💚 Digital platforms are catalysing nationwide advancements, offering unique efficiency, accessibility, and agility. Yet, the journey is not without its hurdles—bridging the digital divide and fostering digital talent are essential. In this article by Sylvia Febiandita from Centre for Strategic and International Studies (CSIS), Indonesia, learn how public-private collaboration and strategic innovation are key to unlocking Indonesia’s full potential for sustainable development. 📈 🔗 Read the article here: https://lnkd.in/gnSfVbe2 🔗Read TFGI’s research on Leveraging Digital Platforms for Public Benefit here: https://lnkd.in/gwW6iFQf Firlie Ganinduto Noudhy Valdryno (Ryno) #TechForGood #SoutheastAsia #DigitalPlatforms #Sustainability

Despite CEOs globally recognising the necessity of evolving business models, a significant proportion in Indonesia (56%) and across Asia-Pacific (63%) express doubts about future viability. Macro-economic volatility, cited as the top threat by CEOs based in Indonesia (23%), underscores the need for adaptive strategies in the face of inflation and geopolitical tensions. Find out more insights from our 27th Annual Global CEO Survey - Indonesia cut here: https://lnkd.in/gTtadgGq. #PwCIndonesia Eddy Rintis, Ay Tjhing Phan

As we celebrate our 12th year in Indonesia, we take a moment to step back and reflect on the changes and development of the vibrant and striking country over the past decade. From an influx of technology enterprises looking to leverage the growth in Indonesia to an evolving media landscape that creates more value on a fundamental and aspirational level for the people, these events channeled inspiration into our own insights that are distilled from our decade-long presence in Indonesia: 📌 the transformation of multi-channeled media platforms that displaced traditional mediums 📌 stories that change or influence the average Indonesian living in first-tier metros or secondary rural centres 📌 the growing demand of content that comes with press freedom since the journalism reforms of the post-Suharto era in 1999 Read more about our insights here: https://lnkd.in/gXmuF9Ci #teamIndonesia #PriorityConsultants #ChangeMandate Nolan Ovinis, Muhammad Z., Belladonna Iskandar, Solehal Wani, Seng Jin Lim, Sherry T., Jullia Pecayo, Zhong Ci Lee, Clarinda Ong, Cristie Hilado, Jane Prior

Do you notice what's absent? Malaysia's Top 30 companies list, which ranks the largest corporations in the country, is largely dominated by conservative old economy sectors. There is a notable lack of representation from deep technology sectors such as life sciences, artificial intelligence, and advanced materials. This gap highlights Malaysia's considerable distance from achieving developed nation status. Going forward, the presence of technology-driven industries will be crucial for economic advancement and innovation. #malaysia #oldeconomy #neweconomy