Business Opportunities in Asia
- Insights
- FocusAsia 2024
The Government's New Strategy for Foreign Trade and Investments highlights Asia as a growth market for Swedish exports. The strategy aims to strengthen Sweden's economic ties with the region, promote sustainable development, and advance digitalization. The focus is on increasing and diversifying exports, improving trade conditions, and providing better support to Swedish companies looking to do business in Asia.
Why Asia:
- Asia currently accounts for approximately 40% of the global economy, and the region is expected to contribute nearly 60% of global GDP growth by 2024. The fastest growth is projected in India, with an expected GDP growth of 6.8% this year.
- 60% of the world's population lives in Asia, compared to 10% in Europe.
- There is significant urban migration, with 550 million more people expected to be living in cities by 2035.
- There is strong demand for Swedish products—especially in sustainable solutions, transportation, medical technology, and environmental technology.
Contact our team directly, learn more about the business opportunities Asia has to offer, or attend one of our events this fall.
The Supply Chain Helpdesk provides companies with latest trends and validates initial questions on their supply chain set-up in Asia, with light supplier evaluation
Why is it important
- Supply chain reconfiguration is a growing concern due to global disruptions
- New requirements on transparency and traceability (e.g. CS3D, CBAM) of goods imported into the EU market also require greater control from companies
- Supply chain decisions are more critical and costly than export-related decisions, requiring a fact-based and unbiased approach
The supply chain helpdesk in a nutshell
- The Supply Chain Helpdesk is an initiative by Business Sweden to better assist in supply chain matters, where learning from other peers in the region is the central concept
- Its intent is to meet the increasing demand for support that have arisen due to disruptions, crises, wars, and new requirements
Planned outcome
2 half-year supply chain reports
with more hands-on advice and cases, focusing on country-to-country movements, new regulations from key exporting markets, etc., based on 15-20 interviews with COO and Supply Chain Managers
2 seminars/round tables
On supply chain transformation trends (from interviews), including deep-dives on new legal frameworks
Support by offering
16 hours for initial validation to SMEs
- Which produces overview or answers questions on supply chain transformation opportunities for specific companies.
Key questions could cover:
- Are there requirements on local content for selling in a particular market?
- What are ways that regulations can affect the supplier setup?
- Should the company set up their own production or only find suppliers in specific markets?
- Which countries are the most relevant for production set-up?
- Assist with supplier background checks via leverage across Asia, using best practice
