Economists forecast that the Asia Pacific region will become the world’s biggest market and largest economy by the middle of this century. Can research bring this date closer and make these predictions a global reality? ESOMAR looks at these issues in this article with a view towards the upcoming Asia Pacific Conference and Exhibition.
the 9th ESOMAR Asia Pacific Conference and Exhibition taking place at the Ritz Carlton in Singapore from 7-9 April - examines the drivers for social and economical development in the region and the role of research to accelerate growth.
“As the fastest growing region in the world, it is not surprising that our latest Global Market Research study reports a healthy expansion in the region with 8.7 % growth and a turnover of $US 3.5 billion last year. This provides a clear indication that market research in Asia Pacific has an increasingly important role in everyday practical and strategic business activities,” confirmed Véronique Jeannin, ESOMAR’s Director General.
The annual ESOMAR Asia Pacific Conference and Exhibition is the only event dedicated to sharing research best practice across the entire region. The event this year has already attracted over 250 participants who are all doing business in Asia Pacific. To complement the programme, there will be a full exhibition showcasing the latest research tools and software available.
Opening the programme, Tony Fernandes, Group CEO of Air Asia, illustrates the huge potential for the region in his keynote speech on 8 April. Tony introduced the first budget no-frills airline to Malaysians with the tagline "Everyone can fly" and truly revolutionised the air travel industry in Malaysia.
The programme closes on the afternoon of 9 April, with a high level discussion “So what needs to happen?” which invites local, regional and global experts including David Lowden, Chief Executive of TNS to take a critical look at the role of research and determine the next steps in building an even more effective research industry across Asia.
In addition to the discussions and debates, speakers from seven countries across Asia as well as the USA and UK will present a rich body of research studies and show how the insights developed have lead to real change and more effective business action.
Susan Burrell, Programme Committee Chair and Director for client research at the Standard Chartered Bank in Singapore explains “In this conference we will take time out from this furious pace of change to reflect on how we need to respond: by better understanding the Asian consumer, by leveraging online tools and Web 2.0, reaching out to very connected and rapidly changing Asian youth market, and by building brands in Asia. For each presentation you’ll be able to create your own change agenda for improving the effectiveness and impact of market research in Asia”
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