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This report, the third in our Asia Pacific Business Renewal Series, explores how digital transformation (DX) has become a driving force in business decision making, and how it will shape the business landscape over the decade to come. As companies respond to shifting demand patterns and propel their DX agenda, the conversation turns to areas such as managing emerging risks, creating value from new technologies and aligning DX efforts with business renewal.

Key highlights include:

  • the uneven sectoral landscape for DX in the region
  • top DX risks affecting the pace of on-boarding and monetizing technology
  • key areas that can accelerate DX efforts
  • how propelling DX will help businesses stay competitive and seek growth

 
About the Asia Pacific Business Renewal Series

Over a year into the global pandemic, businesses have had to pivot to survive and adjust to new ways of conducting business. Now, more than ever, Asia Pacific business leaders are making the necessary strategic changes to meet the needs of a vastly changed business landscape — and deciding where legal expertise may be needed most to limit and manage disruption and soften risks.

This series of four reports unpacks the hypercomplex nature of business in 2021. Understand the momentum and mindset of business leaders and decision-makers in the region as they navigate challenges relating to four main areas of business: Supply Chains, New M&A Landscape, Digital Transformation and Sustainability ESG.

Each report is based on a custom survey of 800 respondents, in partnership with Acuris. Reports feature key considerations and action points to helping businesses to understand the horizon ahead as they make strategic decisions, pursue growth and secure lasting success.

Other Reports in the Series

Read our other reports on how business leaders in Asia Pacific are navigating renewal through Supply Chains and the New M&A Landscape.Trends & InsightState of Play — Supply Chains and Trade RealignmentThis report explores how businesses view rising protectionism, regulatory scrutiny and shifts in supply chain strategies for diversification, investment and strategic transformation.Trends & InsightCharting Growth — New M&A LandscapeThis report explores how M&A is an avenue for transformative change and how a positive financing environment is providing access to capital for businesses to pursue deals.

Author

Anne has been with Baker McKenzie since 2001. Prior to that, she spent four years with the Australian Attorney-General's Department/Australian Government Solicitor mostly working on large IT projects. In her time at Baker McKenzie, Anne has spent 18 months working in London (2007-2008) and more recently three years working in Singapore (2017-2020).

Author

Cahyani Endahayu is a partner in the Mergers & Acquisitions Practice Group. Her work includes handling the corporate/licensing, compliance and day-to-day work of several of the Firm’s major clients and providing corporate, compliance and advisory support services to other clients in relation to corporate/commercial issues. She has advised a wide range of domestic and international clients across various industry sectors, including pharmaceutical and retail/trading.

Author

Kana Itabashi is a member of the Corporate / Mergers & Acquisitions, Environmental and Labor / Employment practice groups in the Firm’s Tokyo office and has over ten years of legal experience. From 2007 to 2009, she was seconded to the principal investment department of a Japanese securities company, and engaged in a variety of investment matters including corporate rehabilitation, private equity investment, emission trading and non-performing loan investments. Ms. Itabashi is a native Japanese speaker and is also fluent in English.

Author

Riza Buditomo is a partner in Hadiputranto, Hadinoto & Partners' Tax & Trade Group in Jakarta. He focuses on corporate commercial and tax, and trade matters including export/import, customs, supply chain, food industry, direct-selling, anti-dumping, and corporate commercial work.

Author

Tracy Wut is a partner in Baker McKenzie's Hong Kong office. She is experienced in mergers and acquisitions and foreign direct investments in China. She regularly acts for clients in complex cross-border transactions, in particular in the pharmaceuticals and healthcare sector, and navigates clients through various issues relating to investments in China. She has been recommended as a leading lawyer in Corporate/M&A by Chambers Global, Corporate/M&A and Life Sciences by Chambers Asia and M&A and private equity by IFLR1000. She is the co-head of the Pharmaceuticals and Healthcare Industry Group in China and Hong Kong.

Author

Loke-Khoon Tan is a partner and head of the IPTech Group in Hong Kong and China. He is currently on the Global Firm’s Steering Committee for the Consumer Goods & Retail (including Luxury and Fashion) Industry Practice. He is also on the Steering Committee for the regional IPTech Group. Mr. Tan is the author of various IP publications including the trilogy of "Pirates in the Middle Kingdom: the Art of Trademark War" books. Mr. Tan is an active member of the Firm's Global Diversity & Inclusion Committee focusing on LGBT. As an integral part of the Firm's Corporate Social Responsibility Program, the Committee has broad oversight for the strategic development and implementation of the Firm's diversity activities. Mr. Tan was also complimented in Chambers Asia Pacific 2020. It reads: "Head of department Tan Loke-Khoon is highly praised by clients, with one stating: 'He's extremely kind, intelligent and has a very strong network; he can basically co-ordinate and refer anything anywhere in the world. He puts a lot of potential into every client he takes care of.' He advises on various elements of brand protection strategy including registrations, enforcement of IP rights and infringement litigation. He is particularly experienced in representing clients from the retail and consumer goods sectors."

Author

Akifusa Takada is seasoned in domestic and cross-border M&A transactions, reorganization transactions as well as in securities transactions. He also has extensive experience in general corporate matters, including corporate governance and compliance. He has been working for the Firm's Chicago office and is knowledgeable in M&A and securities practice in the United States. He regularly provides lectures to clients on key issues involving corporate law, M&A and the Financial Instruments and Exchange Law.

Author

Andrew Martin is the head of the Corporate & Securities Practice Group in Singapore and a member of Baker McKenzie’s Global Compliance Steering Committee, India Focus Group and Asia Pacific Regional M&A Steering Committee. He is recognised as a leading lawyer by legal directories such as Chambers Asia Pacific and Legal 500. He trained and initially worked in England, followed by several years in Hong Kong and Australia before settling in Singapore in 2002.

Author

Bee Chun Boo is a partner in the Firm’s Mergers and Acquisitions group and practices mainly in the areas of M&A, venture capital and private equity. Prior to joining Baker McKenzie’s Beijing office in 2007, Ms. Boo served as a partner in the Firm’s Singapore office. She is listed as a leading lawyer by IFLR 1000 in the areas of mergers and acquisitions, private equity and project finance.

Author

Kate Jefferson joined Baker McKenzie’s Sydney office in 2005 and worked in the Firm’s New York office in 2007 and 2008. Kate also undertook a four month secondment to at a global investment bank. Kate previously worked for Herbert Smith Freehills from 2001 to 2005 and as a management consultant to the London Stock Exchange from 2000 to 2001.

Author

Adrian Lawrence is the head of the Firm's Asia Pacific Technology, Media & Telecommunications Group. He is a partner in the Sydney office of Baker McKenzie where he advises on media, intellectual property and information technology, providing advice in relation to major issues relating to the online and offline media interests. He is recognised as a leading Australian media and telecommunications lawyer.

Author

Ken Chia is a member of the Firm’s IP Tech, International Commercial & Trade and Competition Practice Groups. He is regularly ranked as a leading TMT and competition lawyer by top legal directories, including Chambers Asia Pacific and Legal 500 Asia Pacific. Ken is an IAPP Certified International Privacy Professional (FIP, CIPP(A), CIPT, CIPM) and a fellow of the Chartered Institute of Arbitrators and the Singapore Institute of Arbitrators.

Author

Paolo Sbuttoni is a partner in the Hong Kong office of Baker McKenzie and a member of the Firm's IT & Communications Practice Group. He focuses on technology agreements and transactions, e-commerce, telecommunications regulatory matters, and data privacy. Paolo has presented on a number of topics relevant to his field including cloud computing contracts, data privacy, and social media.

Author

Stephanie Magnus co-heads the Asia Pacific Financial Institutions Group and heads up the Financial Services Regulatory Practice Group in Singapore. Stephanie is ranked Band 1 for FinTech in Singapore by Chambers FinTech 2020. She is also ranked as a Leading Individual for Financial Services Regulatory: Local Firms in Singapore by Legal 500 Asia Pacific 2020. She is recognised as a leading lawyer for Banking & Finance: Regulatory in Singapore by Chambers Asia Pacific and Chambers Global 2020. Stephanie was quoted in Chambers Asia Pacific for her "timely, practical and business-oriented" advice, with a "deep understanding of the regulatory regime." She is also recognised as "very business-savvy and brilliant every time," and is admired for her "very strong grasp of the legal issues from both a technical and practical perspective."

Author

Yaeko Hodaka has over 25 years of legal experience in the areas of corporate law, including mergers and acquisitions, corporate restructuring and reorganization, internal investigation, litigation and dispute resolution. She is a partner in the Corporate/M&A Practice Group, with a focus on the automotive sector and serves as the Regional Chair of Industrial, Manufacturing and Transportation Group in Asia Pacific.

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