Boao Forum For Asia Annual Conference 2023

The Boao Forum for Asia (BFA) Annual Conference 2023 was held from March 28-31 in Boao, Hainan, under the theme An Uncertain World: Solidarity and Cooperation for Development amid Challenges.

Global delegates from government, business, academia, and media dived deep into the theme of the conference, as well as four overarching topics: Development and inclusiveness, efficiency and security, regional and global, and the present and future. Another focus was on the post-Covid era and deepening cooperation in the international community.

Oliver Wyman Asia Pacific participated in the regional flagship conference to discuss the most pressing issues with business leaders, policymakers, and other key stakeholders. We spoke at the following sessions.

New Landscape of Industrial and Supply Chain

Tuesday, March 28

Speaker: Ben Simpfendorfer, Partner and Asia Pacific Lead for Oliver Wyman Forum

Industrial and supply chains are among the most focused issues in the current global economy. As a result of the pandemic and geopolitics, new adjustments have taken place worldwide. We discussed how the international community should strengthen coordination and jointly maintain supply chain stability. We also explained how companies should reasonably adjust upstream and downstream industries to find the optimal solution.

Multinational Corporation CEO Roundtable

Wednesday, March 29

Speaker: Jacob Hook, Managing Partner, Asia Pacific

With the continuous improvement of the foreign investment environment in China, multinational corporations (MNCs) are deeply cultivating the Chinese market through operation localization, production localization, and management localization. However, under the new situation of more fragmented globalization, MNCs need to consider the localization of research and development, supply chain, and brand. MNC CEOs gathered at Boao Forum discussed their future strategies to adapt to the changing environment for China and the Asia market.