The digitalisation of the world is blurring the physical borders between countries and driving the growth of cross border payments. The global cross border payment market is growing at 5% per annum and is expected to reach US$ 156 trillion in 2022.
World Food Day, on 16 Oct, follows Hunger Awareness Month in September. While global food production can feed the world’s population at 1.5 times, almost 1 in every ten people does not have enough to eat.
With over 171 million Internet users, Indonesia is the largest and fastest-growing digital economy in Asia. Indonesia’s digital economy is projected to swell to US$ 133 billion by 2025. And teleconferencing technology adoption in the country is relatively high when compared to its fellow developing peers in ASEAN.
Despite being a niche market, the organic food market is showing strong growth prospects. In India, its organic food market size is projected to grow 20% annually between 2021 and 2026.
3D printing technology has evolved greatly since its invention in 1987. Today, 3D printing can utilize many materials for a wide range of applications.
Teachers help our youths to prepare for the future. Covid-19 has made this challenging for them, especially with schools closed and classes going online.
The global smart kitchen market size is valued at US$14.47 billion in 2019 and is expected to grow at 18.7% a year to hit over US$45 billion by 2027.
The global tourism industry – along with the Meetings, Incentives, Conferences and Exhibitions (MICE) sector – was devastated by the Covid-19 pandemic, as travel and quarantine rules kicked in. However, it will recover.
Telemedicine is the diagnosis and treatment of patients administered remotely through telecommunications. The telemedicine market is valued at US$ 60 billion in 2020, and projected to grow 18.2% annually between 2021 and 2027.
Spire Deputy CEO, Jeffrey Bahar, shared his insights on the growth and business prospects of Indonesia’s logistics sector at the Global Supply Chain Council’s (GSCC) recent E-Commerce Operations Asia Summit 2021.