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WINNERS LIST (2022)CEO of the Year Awards - Full Winners Listing 2022

Asian GDP remained relatively stable when compared with other major economies, contracting by just 1.5% while Europe and the US experienced falls of 6.1% and 8.9%, respectively. S&P predicts the APAC region will achieve real growth of roughly 3.5% in 2023, while Europe and the US will likely face recession. It said the region will dominate global growth in 2023, supported by regional free-trade agreements, efficient supply chains and competitive costs. Corporate revenues in APAC are expected to grow year-on-year: 47% of businesses expect their revenues to increase in 2022, compared to 32% in 2021. APAC is also uniquely positioned to leverage the digital boom that is revolutionising the business-to-consumer landscape. During the pandemic, 60 million people became online consumers in South-East Asia alone. Local companies are embracing tech faster than anywhere else globally, with the pandemic serving to accelerate this process. Perhaps unsurprisingly, Asia is the fastest-growing region in international e-commerce, meaning digitisation is a must for most businesses wanting to get ahead. More than half of Asia-Pacific IT leaders (58%) said they are accelerating their company’s digital evolution because of the COVID-19 crisis. Indeed, 63% of IT leaders confirmed their IT budgets have increased as a direct outcome of its legacy, which is significantly higher than all other regions. With the digital generation expected to make up half of Asia’s consumption by 2030, technological innovation in products and processes should help fast-track businesses’ marketing success.

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