The EIU finds that in Asia’s PeC sector, access to resources has displaced low labour costs as the key driver of competitive advantage, disrupting traditional industry supply chains. Yet despite a slight overall decline, profitability in the sector has remained relatively resilient.
Other key findings:
- Asia’s PeC sector has been expanding rapidly and this growth looks set to continue.
- The number of players in Asia’s PeC sector has risen since 2004, though recent consolidation suggests that this growth may be moderating.
- Competition has decreased marginally, and large players are growing stronger.