Overwatch Contribution To Asialink's Business Trends for 2023
Overwatch Data was featured in Asialink Business's new trends for the year. We predicted that the Indo-Pacific will heat up as the global centre of rare earth mineral competition as small to medium battery companies engage in friendshoring, nearshoring, and reshoring.
Arjun Bisen, CEO and Co-Founder of Overwatch Data, was featured in Asialink Business's Trends of the Year report, which covers the most crucial yet unappreciated trends that Australian businesses should comprehend when engaging with the region.
Supply chains were a key theme, with the potential of a global recession, an inflationary environment, geopolitical factors, and sustainability considerations increase the complexity for businesses.
Arjun predicted the Indo-Pacific will heat up as the global centre of rare earth mineral competition as small to medium battery companies engage in friendshoring, nearshoring, and reshoring.”
Asia has 3 of the 5 largest producers of rare earth minerals required for battery production (China, Australia, and Indonesia), and the top 3 manufacturers of batteries (China, Japan, and Korea). The already vulnerable battery supply chain could be brought to its knees unless there is significant multilateral effort to mitigate risks.
Read the full report.