Digital transformation is redefining the way goods, services and information are produced, consumed and traded. According to the Harvard Business Review, industries ranging from finance and business services to manufacturing will be significantly disrupted by digital technologies in the near future.
As a result, many SMEs face rapid transformation of their business models and sources of competitive advantage. Digital commerce will also have significant impacts on regional and international trade, generating greater access to overseas markets and global supply chains for small and medium firms.
The APEC SME Working Group (SMEWG) Digital Transformation Workshop will examine the nature of digital transformation and its implications for SMEs, as well as identifying opportunities for greater cooperation between APEC members.
Held from 13-14 March 2017 in Sydney, Australia, the workshop will begin with an overview of digital transformation and its implications for SMEs and government. Participants will then look at these issues in further detail through developments in advanced manufacturing and fintech. The workshop will conclude with a session on the implications of digital transformation for regional trade.
Presentations from companies such as IBM and Intel, research bodies such as the Australian CSIRO, as well government authorities from around the region, will provide participants with a wide range of views on an issue which is relevant to all APEC economies.