NextGen Leadership Forum 2024 - Upcoming & New Industries
Published on 2024-08-06 by Panel Discussion: KJ, Li Tan, Rayner
Summary
The speakers discussed various upcoming industries and investment trends, with a focus on AI, healthcare, food, ESG, renewable energy, and real estate. The Speakers shared their perspectives on the current state and future potential of these sectors, highlighting opportunities and challenges. Key topics included the growth of the semiconductor industry in Malaysia, the role of AI in various industries, the importance of ESG in real estate, and the potential of emerging sectors like food tech, wellness, and pet industry. The discussion also touched on the need for next-generation investors to take action and be proactive in implementing sustainable and impactful strategies, leveraging partnerships and diversification to navigate the changing landscape.
Chapters
- Overview of Upcoming Industries and Investment Trends
The discussion began with speakers discussing the various upcoming industries and investment trends they are seeing, including AI, healthcare, food, and ESG. There was a general consensus among the group that these are the key areas of focus for many investors and businesses. The speakers shared their individual perspectives and experiences in these sectors, providing insights into the current state and future potential of these industries.
2. Semiconductor Industry in Malaysia
2. Semiconductor Industry in Malaysia
One of the speakers, Rayner, discussed the growth of the semiconductor industry in Penang, Malaysia. He mentioned that there is a lot of interest from Chinese companies looking to establish joint ventures or set up operations in Penang, taking advantage of the region's long history in the semiconductor sector. Rayner also highlighted the ecosystem nature of the semiconductor industry, with different regions specializing in various components and technologies. He suggested that the easiest way for investors to gain exposure to the semiconductor industry might be through public market investments in companies like TSMC, AMD, or Nvidia.
3. AI's Impact Across Industries
The discussion also touched on the role of AI and how it is affecting various industries. Speakers shared examples of how AI is being used, such as in the real estate sector to improve the efficiency of hotel operations, and in the education sector, where a speaker's child used ChatGPT to complete a school assignment. The group acknowledged the growing importance of AI and the need to understand how to effectively leverage and monetize this technology.
4. ESG Strategies in Real Estate
The topic of ESG (Environmental, Social, and Governance) strategies was also discussed, particularly in the context of the real estate industry. Participants highlighted the challenges and opportunities associated with implementing ESG initiatives in real estate, noting that while many investors and tenants are demanding more sustainable buildings, the costs and regulatory changes involved can be significant barriers. The group discussed the role of government policies and the need for private capital to drive the adoption of ESG practices in the real estate sector.
5. Emerging Sectors: Food Tech, Wellness, and Pet Industry
The discussion also covered emerging sectors such as food tech, wellness, and the pet industry. Speakers shared insights on the growth and potential of these areas, with food tech being seen as a particularly interesting and impactful field. The group also discussed the rise of social media platforms and influencer marketing in China, and how these trends could potentially translate to Southeast Asia, creating new opportunities for businesses and investors.
6. Advice for Next-Generation Investors
Towards the end of the panel discussion, the speakers provided advice for the next-generation investors in the group. The key themes were the importance of having a clear intention and vision for their family businesses and investments, the need to be open-minded and willing to adapt to the changing landscape, and the value of building a network and seeking guidance from industry practitioners. The group emphasized the power and responsibility that the next generation holds in driving positive change and making a meaningful impact.
Action Items
3. AI's Impact Across Industries
The discussion also touched on the role of AI and how it is affecting various industries. Speakers shared examples of how AI is being used, such as in the real estate sector to improve the efficiency of hotel operations, and in the education sector, where a speaker's child used ChatGPT to complete a school assignment. The group acknowledged the growing importance of AI and the need to understand how to effectively leverage and monetize this technology.
4. ESG Strategies in Real Estate
The topic of ESG (Environmental, Social, and Governance) strategies was also discussed, particularly in the context of the real estate industry. Participants highlighted the challenges and opportunities associated with implementing ESG initiatives in real estate, noting that while many investors and tenants are demanding more sustainable buildings, the costs and regulatory changes involved can be significant barriers. The group discussed the role of government policies and the need for private capital to drive the adoption of ESG practices in the real estate sector.
5. Emerging Sectors: Food Tech, Wellness, and Pet Industry
The discussion also covered emerging sectors such as food tech, wellness, and the pet industry. Speakers shared insights on the growth and potential of these areas, with food tech being seen as a particularly interesting and impactful field. The group also discussed the rise of social media platforms and influencer marketing in China, and how these trends could potentially translate to Southeast Asia, creating new opportunities for businesses and investors.
6. Advice for Next-Generation Investors
Towards the end of the panel discussion, the speakers provided advice for the next-generation investors in the group. The key themes were the importance of having a clear intention and vision for their family businesses and investments, the need to be open-minded and willing to adapt to the changing landscape, and the value of building a network and seeking guidance from industry practitioners. The group emphasized the power and responsibility that the next generation holds in driving positive change and making a meaningful impact.
Action Items
- Actively engage with industry practitioners, asset managers, and other investors to stay informed on the latest trends and opportunities in the market.
- Carefully consider the balance between diversification and specialization when making investment decisions, taking into account the family's objectives and risk appetite.
- Explore partnerships and collaborations to leverage expertise and resources, particularly in areas like ESG and emerging technologies.
- Develop a clear understanding of the regulatory and policy landscape, and how it may impact investment opportunities, especially in sectors like real estate and renewable energy.
- Prioritize intention-setting and aligning investment strategies with the family's values and long-term goals, whether it's driving impact, achieving financial returns, or a combination of both.