Industry
From The Report: Indonesia 2024
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Indonesia is undertaking a major industrial transformation with the goal of becoming a significant regional centre for manufacturing and trade. Central to this initiative is the Making Indonesia 4.0 strategy, which aims to integrate Industry 4.0 technologies into the country’s production processes. This strategy is part of a broader effort by the government to diversify the economy away from its historical reliance on raw commodity exports and to enhance its investment climate. As part of this drive, the government is focusing on improving infrastructure and creating an environment conducive to foreign direct investment. The country offers a large and growing population with increasing purchasing power, which, coupled with tax incentives and the establishment of Special Economic Zones, presents substantial investment opportunities.

Although there are still infrastructure challenges to address, Indonesia’s commitment to adopting advanced manufacturing technologies and fostering an investor-friendly environment is expected to spur significant growth. With new leadership anticipated to continue these policies, Indonesia is well-positioned to advance its industrial capabilities and solidify its role as a major global economic player. The ongoing transformation reflects Indonesia’s determination to enhance its manufacturing sector and broaden its economic base, paving the way for further expansion and investment in the coming years.

This chapter contains an interview with Tommy Wattimena, CEO of Great Giant Foods.

Articles from this Chapter

Overview

Steady progress: Key national economic development initiatives look to attract investment amid transition to new government
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Indonesia is undertaking a programme of industrial transformation in its drive to become a major regional centre for manufacturing and trade. Spearheaded by its Making Indonesia 4.0 strategy, a roadmap designed to adopt and integrate Industry 4.0 technologies into production processes, the government has also been pursuing initiatives in efforts to diversify its economy away from a reliance on raw commodity exports and improve its investment environment. Manufacturing shows room for development and several segments are poised for significant growth in the coming years. While some infrastructure challenges remain, Indonesia offers a sizable population…

Interview

Future ready: Tommy Wattimena, CEO, Great Giant Foods, on the potential to boost food exports and the impact technological advancements have on food production companies
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Interview: Tommy Wattimena, CEO, Great Giant Foods To what extent are food production companies responsible for promoting healthy eating options and sustainable consumption habits? TOMMY WATTIMENA:In the current landscape of the Indonesian food industry, we are witnessing a diverse range of consumer trends that are influencing corporate strategies. These trends span from an increased preference for international cuisines, expanding food selections among different demographics, to a…

Analysis

Digital transformation: Industry 4.0 and machine-learning technologies are reshaping the manufacturing landscape in emerging economies
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Amid the backdrop of dynamic shifts in global trade patterns and technological advancement, Industry 4.0 and artificial intelligence (AI) are substantially reshaping manufacturing landscapes in emerging markets. Although challenges exist for full implementation, including infrastructure and skill gaps, rapid urbanisation and a burgeoning young workforce in these countries drive demand for automation and smart technologies, in tandem with highly connected global supply chains. As such, many emerging markets have seen substantial progress in this area, and industry leaders are likely to further adopt such technologies going forwards, benefitting…