ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Digital tech to help ASEAN unlock up to $627bn in productivity

McKinsey report highlights countries' potential as 'factories to the world'

Labor costs in most ASEAN countries are lower than those in China.   © Reuters

SINGAPORE -- Disruptive digital technologies could help Southeast Asian countries become true "factories to the world," generating anywhere from $216 billion to $627 billion worth of productivity gains, a new report by U.S. consultancy McKinsey & Co. says.

The report includes a survey on how digital disruptions will affect manufacturers and technology companies across the Association of Southeast Asian Nations bloc. Of the 200-plus respondents, over 75% said they expect digital advances to boost their companies' revenue by more than 10% while lowering costs by the same amount.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more