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SGX, Nasdaq forge a global bridge for dual listings

The Singapore Exchange (SGX Group) and Nasdaq have established a strategic partnership aimed at simplifying dual listings and enhancing the integration of the capital markets of the US and Singapore.

The collaboration will introduce a Global Listing Board, creating a harmonised cross-border framework designed to ease capital raising, enhance visibility, and improve access to investors for large companies.

Scheduled to commence operation around mid-2026, the Global Listing Board aims to foster a transparent and efficient environment for global capital formation. The framework is tailored for companies possessing a market capitalisation of SGD 2 billion (US$1.5 billion) and above.

Also Read: SGX turns 25 with historic financials—and a warning for Southeast Asia’s startup ecosystem

This initiative is set to significantly reduce the friction, complexity, and cost associated with pursuing a dual listing on both Nasdaq and SGX. A critical feature of the framework is the streamlining of regulatory obligations and fundraising requirements across the Pacific Ocean. This is achieved through the use of a single set of documents and a simplified review process, allowing issuers to navigate the complexity of dual regulatory regimes more efficiently.

Strategic implications for Asia

The platform has received strong support from institutional asset owners and managers in Singapore, viewing it as a crucial springboard into both the US and Singapore markets for issuers. This regulatory alignment and combination of market liquidity are intended to enable a new wave of growth companies — ranging from innovative start-ups to established industry leaders — to scale agilely and unlock new pools of growth capital.

Chee Hong Tat, Minister for National Development and Chair of the Equities Market Review Group, emphasised the strategic connectivity provided by the partnership. He stated that the “dual listing bridge will bring together the strengths of two major market operators SGX and Nasdaq, and help anchor the listings of dynamic companies in Asia and attract liquidity around these listings”.

Loh Boon Chye, CEO of SGX Group, noted that the proposition for issuers is clear: “access to US market depth and Asian growth in a streamlined pathway”. He expressed the hope of attracting quality, growth-oriented companies with an Asian nexus that seek to expand their investor base while remaining true to their roots.

Regulatory and financial support

The proposed regulatory framework aims to establish prospectus disclosure requirements in Singapore that are comparable to those in the US, which will permit the utilisation of a single set of offering documents for the dual listing process. Implementation details and relevant regulatory processes are currently being finalised.

This move aligns with the Singapore government’s broader efforts, led by the Equities Market Review Group, to strengthen the attractiveness of the local stock market for companies seeking to list and access growth capital. Supporting these efforts is the “S$1.5 billion Anchor Fund @ 65”, established in 2021 by the Ministry of Trade and Industry and Temasek.

Also Read: Why crypto can’t escape the Nasdaq and what it means for the next 30 days

This fund is designed to support promising high-growth enterprises and market leaders in their public fundraising in Singapore’s public equity market, including listings on the new Board.

Adena Friedman, Chair and CEO of Nasdaq, highlighted the importance of cooperation, stating: “In a world of increasing complexity and sometimes fragmenting markets, this initiative demonstrates that cooperation, smart regulation, and shared standards can create opportunity at scale that benefits both global and regional economies.”

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The hidden growth engine: How offshore creative teams are powering global marketing innovation

A decade ago, marketing innovation was centralised. Brands worked with big-city agencies and creative hubs that dominated the advertising world. But the post-pandemic shift to remote work — and the rise of AI-powered collaboration tools — broke that model open.

Today, marketing success is no longer confined by geography. A brand in London can brainstorm with a designer in Cebu, test copy written in Ho Chi Minh, and analyse campaign data visualised in Warsaw — all within the same 24-hour cycle.

This evolution has given rise to offshore creative teams — not as cost-saving measures, but as strategic growth partners. They are now the unsung heroes behind some of the most agile and high-performing marketing operations across industries.

Why global companies are going offshore — and thriving

Offshore marketing teams are no longer seen as “external vendors.” They’ve become extensions of the brand itself. According to the 2024 Deloitte Global Outsourcing Survey, 78 per cent of global businesses now use offshore partnerships to drive innovation, not just reduce operational costs.

The reasons are clear:

  • Speed and scalability: Time zones are now an asset. When one team signs off, another begins — enabling continuous campaign iteration.
  • Access to specialised skill sets: From PPC managers to growth hackers, offshore markets offer a deep talent pool of professionals trained in modern tools like HubSpot, Marketo, and Meta Business Suite.
  • Global creative diversity: Offshore teams bring multicultural insights that shape campaigns with universal appeal — crucial in an era of personalisation and inclusivity.

Offshore talent and the new creative tech stack

Offshore teams are not only using new technology; they are also learning how to use it well. The greatest global marketing teams are using AI-driven analytics and human creativity to make campaigns that are smarter and based on facts.

Also Read: Why AI is essential to understanding consumer behaviour for marketing success in 2025

According to the 2025 HubSpot State of Marketing Report, 63 per cent of marketing leaders indicated that their offshore partners “significantly improved campaign performance” by using tools like predictive analytics, A/B testing, and marketing automation.

Here’s how offshore professionals are leading the transformation:

  • AI-assisted copywriting: Offshore marketers are using generative AI to create high-converting ad copy at scale while maintaining human tone and cultural nuance.
  • Performance optimisation: Data analysts offshore use advanced dashboards to monitor ad performance in real time, enabling faster decision-making.
  • Cross-platform mastery: From TikTok to LinkedIn, offshore social strategists often have hands-on expertise across diverse markets and demographics.

Emerging markets, emerging skill sets

The Philippines, India, Vietnam, and Colombia are now creative and technical powerhouses, making specialists who can combine storytelling with data.

The Philippines is a good example. The country’s schools focus on English language skills and media literacy, which helps marketers think strategically and talk to Western audiences clearly.

Meanwhile, India and Vietnam are developing large cohorts of data-driven marketers — professionals who bridge the gap between creative ideation and measurable ROI.

According to LinkedIn’s 2025 Global Skills Report, digital marketing, data analysis, and SEO strategy are among the top five fastest-growing skill categories in emerging markets — a sign that the talent evolution is accelerating.

How offshore teams turn campaigns into conversions

Offshore teams aren’t just supporting campaigns — they’re building them. Many now handle end-to-end processes, from market research to creative production and performance tracking.

A strong example is the rise of offshore growth marketing units, which integrate:

  • SEO and content marketing to establish long-term organic visibility
  • Paid media expertise to optimise ad spend through granular audience segmentation
  • CRM integration, ensuring that leads flow directly into automation systems like HubSpot or Salesforce
  • Data-driven storytelling transforming analytics into narratives that connect emotionally with customers

This full-funnel expertise makes offshore marketing teams especially valuable for startups and scale-ups that need enterprise-level capabilities without enterprise-level budgets.

Also Read: Generative engine optimisation: The missing strategy in Asia’s marketing playbook

The hybrid creative model: Collaboration redefined

As more and more people work from home, many businesses are adopting a hybrid creative approach that combines in-house strategists with execution teams based in other countries.

This methodology creates a “follow-the-sun” workflow, where creative assets, ad improvements, and data reports move easily between time zones. The result? Campaigns go out faster, testing happens continuously, and conversion rates rise.

Cross-cultural collaboration is another way that hybrid models encourage new ideas. When people from different backgrounds share their points of view, ideas move faster, and marketing becomes not just global — but truly human.

Offshore hiring as a long-term strategy

Hiring people from other countries isn’t a short-term solution. It’s a planned change in the way marketing is done today.

Businesses are learning that being flexible is important for success as they move more of their activities online. Distributed teams make this possible. Brands become more agile, resilient, and competitive on a global scale by combining creative talent from other countries with local leadership.

A 2025 Gartner Report highlights that companies using distributed marketing structures — including offshore teams — experience 27 per cent faster campaign turnaround times and 32 per cent higher engagement rates than those relying solely on local teams.

The bottom line: Global creativity is the new currency

Teams that think outside the box will be in charge of marketing in the future. Offshore creative professionals are changing the way we tell stories online by integrating the accuracy of data with the understanding of people.

Creativity moves faster than ever in our modern times. And for businesses that are open to working with people from all over the world, the next big campaign may be made thousands of miles away — by a team that views your industry in a new, global manner.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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The power of functional fandom: How brands are turning utilities into cultural symbols

In early June this year, when Stefan Figueiredo Pereira from the Hong Kong Representative Football Team (HKRT) converted a penalty to secure a 1–0 victory over India, a record-breaking crowd of more than 40,000 erupted in joy. The sea of red jerseys roared as one, waving flags and chanting until their voices cracked.

Long after the final whistle, the passion lingered. As fans streamed out of Kai Tak Sports Park, one detail stood out. Alongside face paint and team flags, many carried power banks printed with the images of their football heroes. To outsiders, they might have looked like simple charging devices. But for fans, they were souvenirs of history, badges of loyalty, and symbols of identity.

That moment outside Kai Tak wasn’t an isolated scene. It points to a broader trend: everyday objects are turning into cultural symbols. Nowhere is this more evident than in the rise of intellectual property (IP), which is driving what might be called functional fandom. They’re becoming canvases for self-expression and brand identity.

For marketers, it’s a signal: the next brand platform isn’t confined to screens or shelves, but in what people carry, charge with, and hold close.

The rise of functional fandom

Behind this shift lies the unstoppable rise of intellectual property (IP). Across Asia, the IP economy is booming. The gross merchandise value (GMV) of IP-themed goods jumped nearly fivefold in the past year, with sales and order volumes more than doubling. Characters like LABUBU, with its mischievous grin, or Japan’s fluffy Chiikawa, have grown from niche icons into mass-market phenomena.

Today’s fans expect more than shelf-bound collectibles. They seek products that blend form and function — items they can use daily yet also signal belonging. A product that is both practical and personal has become a social marker. For brands, that creates a high-frequency, high-visibility channel that lives in pockets, not feeds.

Also Read: Labubu made it viral but Fuzozo made it strategy: Inside the AI toy wave

Data backs this up. According to the inaugural Powered Up Index 2025 by CHARGESPOT, Asia’s largest shared power bank provider, over a third of IP-themed rentals came from new users, and nearly one in ten kept devices as collectibles. A humble utility had become a platform for self-expression.

Functional devices have always carried cultural meaning, and power banks are becoming the latest canvas for that expression. At recent events such as ComplexCon Hong Kong, collaborations between artists, designers, and utility providers drew long queues, suggesting that people increasingly treat everyday tools as extensions of personal identity rather than purely practical items.

Similar experiments in Taipei, where familiar character designs were applied to limited-run devices and even retired units were repurposed as part of an installation, highlight a broader shift: the boundary between technology, culture, and self-expression is blurring. What was once a purely functional object is now part of how individuals signal taste, belonging, and affiliation.

The shift isn’t unprecedented. Pagers once were clipped to belts, cell phones were adorned with jewel cases, and headphones were worn like fashion accessories. Functional utilities have always found ways to signal identity. Power banks are simply the latest to join the club, but in an era of rising device dependence, their role is amplified, offering marketers a rare opportunity to move from sponsored moments to sustained presence — living not just around people, but with them, in their pockets, hands, and daily rituals.

Portable passion: The next wave of brand engagement

If fandom explains why people want these objects, dependence explains why they need them. And in Hong Kong — a city where a low battery can strand you financially and socially — that dependence transforms power banks into powerful tools for brand engagement. According to the Powered Up Index 2025, most Hongkongers feel battery anxiety once their charge dips below 30 per cent. That’s not just a stat; it’s a clear opening for marketers to turn need into connection.

The Hong Kong Representative Football Team offers a useful illustration of how everyday utilities can become carriers of cultural meaning. In 2024, CHARGESPOT released limited-edition power banks to commemorate milestones from HKRT’s debut at Kai Tak Stadium to goalkeeper Yapp Hung Fai’s 100th cap. Ahead of the upcoming Asian Cup qualifiers, another series featuring new player imagery has already attracted attention, signalling how fans treat these items as more than simple accessories.

What stands out is how quickly these objects moved beyond the confines of match days. They appeared on public transport, in casual photos, and in the daily routines of supporters, effectively turning a sporting activation into a mobile narrative that travelled across the city. With the devices reaching other Asian hubs such as Singapore, Tokyo and Taipei, a local story began circulating regionally, showing how functional items can quietly extend the cultural footprint of a team long after the final whistle.

Also Read: From following to fandom: Why startups should invest in building engaged online communities

In a world where digital ads are skipped and branded content is buried in feeds, power banks offer something different: in-hand storytelling that meets fans where they are, literally. For marketers, it’s a chance to reimagine media not as something we push, but something people carry, use, and share.

Rental stations as IP activation hubs

It’s not only the devices themselves that matter. The places where people borrow and return them — thousands of stations embedded in the city’s fabric — are becoming just as important. These aren’t just charging points; they’re evolving into programmable, brandable media surfaces. From compact kiosks in cafés to large-format screens in shopping centres, every surface can be reimagined: broadcasting trailers, unlocking digital rewards, or distributing collectibles. 

An upcoming collaboration with The Football Association of Hong Kong, China (HKFA) illustrates how this can take shape. Power bank stations across the city were re-skinned with visuals tied to the Hong Kong Representative Team’s match against Bangladesh in the AFC Asian Cup 2027 qualifiers. Hundreds of screens lit up with fan chants and team imagery, echoing the public excitement building around the tournament.

Rather than serving as straightforward functional infrastructure, these stations became part of a wider fan journey where identity, utility, and engagement converged. Similar activations with well-known entertainment IP across Hong Kong have shown how city infrastructure can double as narrative and cultural touchpoints. For marketers, this signals an emerging programmable media network that turns everyday rental stations into urban canvases, integrated seamlessly into the rhythm of daily life.

From everyday matches to everyday lives

The lesson for marketers is simple: the future of branding won’t just be streamed or displayed. It will be carried, pocketed, and recharged. A power bank isn’t just a backup device; it’s a mobile billboard, a badge of fandom, and a shared social signal.

Whether it carries the face of a football player, the grin of LABUBU, or the magic of Disney, these limited-edition power banks don’t end up in drawers. They travel across transit lines, coffee shops, and borders, becoming part of the stories people carry.

In a world where attention is fleeting, the most surprising marketing platform may be the one that fits in your hand and keeps you powered through it all.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Why Cambodia’s startup ecosystem is the next big bet for investors

In Southeast Asia, much of the regional tech media coverage is on the larger, more mature startup ecosystems. However, the rapid acceleration of startup ecosystem development in the less developed corners of ASEAN has largely gone unnoticed. Cambodia occupies one such corner where there exists much excitement and a great concentration of blue ocean opportunities.

From 2008 to 2019, I had the opportunity to witness the development of the Thai startup ecosystem from its very beginnings to its more mature stage prior to the pandemic. I chronicled this development in my third book, Building Startup Ecosystems. For the past five years, I have had the pleasure of occupying a front row seat to the emergence of the Cambodia startup ecosystem. The positive vibe permeating the Cambodia startup community is indeed eerily reminiscent of the early startup community-building days in Thailand.

My arrival in Cambodia in January 2020 afforded me the opportunity to work with local founders at the onset of the pandemic. I was impressed with their strong resilience and their drive to not merely survive but to be a driving force in the accelerated economic and social development of their country post-pandemic. I have identified and categorised over 240 tech startups in Cambodia in 26 different sectors. Such a number and variety in a country the size of Cambodia is quite respectable, and post-pandemic, they enjoy several tailwinds.

Favourable economic growth and young demographics

The favourable economic growth and young demographics that continues to distinguish Cambodia among its ASEAN neighbours provides a very favourable marketplace.

Cambodia is one of the fastest-growing economies in the world. According to a 2023 IMF Report, Cambodia’s 6.1 per cent real GDP growth projection ranked it 14th globally. In September 2024, the Asian Development Bank (ADB) upheld its economic growth forecasts for Cambodia of 5.8 per cent in 2024 and 6.0 per cent for 2025.

E-commerce revenue is expected to continue its impressive growth. The Compound Annual Growth Rate (CAGR) through 2029 is expected to be 9.98 per cent. Cambodia’s e-commerce market has much room to grow compared to its more mature neighbouring markets. Cambodia’s emerging e-commerce market represents only 4-5 per cent of GDP, while in the more mature neighbouring markets like Thailand and Malaysia, their e-commerce markets represent approximately 25 per cent of GDP.

Cambodia also has a very favourable demographic relative to other ASEAN members. More than 60 per cent of Cambodia’s population is under 35. This represents the highest percentage of the population that is digitally native. Ahead of second-place Philippines at 45 per cent and third-place Indonesia at 28 per cent.

Also Read: Homegrown AI: Mongolia’s blueprint for developing nations

Another advantageous demographic for Cambodia is its working-age population, which is expected to grow by 24 per cent in the 2021-2050 period. This is the largest in the region. In comparison, the working-age population is expected to grow by only one per cent in Vietnam and decrease by 23 per cent in Thailand during this period.

Cambodia’s digital economy and digital infrastructure

What is perhaps less known is the rapid development of the digital economy and digital infrastructure in Cambodia. In the past decade, Cambodia’s hard and soft digital infrastructure has rapidly expanded, guided by a comprehensive suite of digital strategic frameworks, plans, laws and roadmaps.

In addition to these policy-enabling laws, the Royal Government of Cambodia (RGC) has developed an equally broad range of digital services and platforms in support of local startups. They include Bakong (blockchain-powered digital payments infrastructure), CamDX (unified yet decentralised data exchange), CamDL (hybrid permissioned blockchain Web3 experimental platform) and CamDigiKey (easy and secure mobile application eKYC system).

Active startup event space

The Cambodia startup community is a buzz with numerous startup events organised throughout the year. I have identified and recorded over 230 startup events that occurred in 2024. The variety of events in terms of size, format and featured topics is also quite impressive.

Events range from small informal meet-ups to large tech conferences and expositions. An inspiring characteristic of the Cambodia startup community is the proliferation of grass-roots informal groups that meet on a regular basis, such as Khmer Coders, Startup Grind Founders, La French Tech Cambodge and Cnai Connects. We do have perennial TEDx and BarCamp events as well.

Dynamic sub-ecosystems and communities

There are several communities of mutual support that have developed, which further enhance the vibrancy of the ecosystem. They include the well-organised and mature social impact sub-ecosystem, the women entrepreneurship community, and the emerging communities of stakeholders rapidly coalescing around key technologies such as blockchain, AI, Big Data and Robotics.

Also Read: Exit or be left behind: The harsh new reality for SEA startups

Funding environment

Currently, the most active funding sources for local pre-seed startups are public sector-sourced grants and NGO operated incubator and accelerator programs. At the Early Seed stage (US$50-100k), there is a very active angel investor community, and crowdfunding platforms (both local and global) are utilised by local startups. At the Early Seed Stage, the Choice Accelerator is active, but stands as the lone institutional investor.

At the Seed Stage (US$200-500k), there is a persistent funding gap, which may present an excellent opportunity for investors to engage. In 2024, there were two notable funding deals. They included Global pharma giant Sanofi’s strategic investment in PillTech and Nasdaq-listed Grab Holdings’ Acquisition of Nham24.

Breakout year for Cambodia

The year 2024 was very much a breakout year, given the sheer number and frequency of local startups and supporting stakeholders venturing abroad. This provided an opportunity to showcase local innovations and learn from more mature ecosystems.

The pitch

The Cambodia startup community is open for business and positioned well with a bounty of blue ocean opportunities to be harvested, a dynamic and rapidly expanding ecosystem, favourable economic growth and demographics, a comprehensive suite of digital public goods, a full startup event calendar, strong mutual support communities, easy access to the larger ASEAN marketplace and investment opportunities at the seed stage where such opportunities have largely dried up elsewhere in ASEAN.

In aggregate, these factors make Cambodia an ideal base to launch a startup targeting not only the Cambodian market but the vast ASEAN market as well.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Trust, influence, execute: Turning credibility into deal flow

Growing startups and securing investment depend not on a “title of expertise,” but on execution—the ability to take action that meets real needs. When I first joined my organisation, I knew little about entrepreneurship. Over the past decade, observing countless founders up close taught me that what startups ultimately need are networks—the people and capital that connect and accelerate their growth.

Early stage: When setbacks became my first real lesson

Nurturing startups outside Seoul was never easy. I rushed from meeting to meeting, but geography and time were constant barriers. I still remember one early attempt—emailing a well-known accelerator partner to introduce our portfolio companies.

Their reply was brief and cold: “Please send it to the company’s representative email address.”

My heart sank.

In that moment, I learned a hard truth: before anyone will listen, you must first build your own credibility as the connector.

A new approach: Breaking through with digital networking

Still, giving up was not an option. To help startups raise investment, I had to find a new way forward.

I turned to the digital world — starting with Facebook, where Korean investor networks were most active at the time, and LinkedIn, the global hub for professional connections.

Working at a government-affiliated organisation gave me some initial credibility and opened doors for early introductions. But proving that the startups I supported were truly viable and innovative — that was an entirely different challenge.

Before reaching out to investors and tech experts, I rebuilt my profile as a trust signal. I invested in a professional studio photo, commissioned a clean banner, and crafted every line of my bio and organisational experience with care—clear, specific, and outcomes-focused.

The goal was simple: make credibility visible before making any ask. Only then did I begin expanding my network with targeted connection requests to investors and operators.

Also Read: How network aggregators can thrive in a disconnected world

Content strategy: Turning writing into a bridge of trust

Once I had grown my networks to over 3,000 connections on each platform, I began to write. I shared insights from an investor’s perspective — startup appeal factors, funding trends, expert interviews, and even film reviews about entrepreneurship. I posted these articles on social media and in investor group chats.

The result was astonishing. Within a short time, my name became more widely recognised, and the “barrier to investor persuasion” began to lower.

Investors who had already encountered my content started responding more positively — open to collaboration, conversation, and new opportunities.

Global expansion: When LinkedIn unlocked the world

Then came a new mission: global expansion and overseas investment attraction.

It felt almost impossible at first. But everything changed the day I connected—through LinkedIn—with an influencer and startup community manager at a global tech company in Singapore.

Soon after, a LinkedIn connection introduced me to e27, Asia’s leading startup and tech media platform. I began contributing articles on investment and tech trends, and before long, I was honoured as a top contributor and thought leader for two consecutive years.

That recognition became a powerful bridge—connecting me with accelerators and innovation leaders across Silicon Valley, Singapore, the Middle East, Europe, and Africa. It proved that when you consistently share insights your audience truly needs, opportunities find their way back to you.

Expanding into practice: Turning insight into collaboration

Our organisation is based in Osong, a national biotech cluster in Korea, where we nurture startups in beauty tech, medical devices, and biotechnology.

Through multiple surveys, I found that many of these startups were eager to enter the US market. With that insight, I began ongoing online networking, which eventually led to co-hosted IR sessions and global expansion seminars with experts, investors, and institutional leaders in Los Angeles and Houston.

It was a reminder that meaningful partnerships aren’t built overnight, but through persistence, trust, and visible action.

Also Read: Rethinking communication, connection, and empathy in the age of AI

Writing and influence: When action opens unimaginable doors

Helping startups grow requires more than just networks or content. Real opportunities emerged when writing and execution came together. Sharing stories and insights on social media unexpectedly opened new personal and professional doors.

As a result, I found myself stepping into new and exciting roles:

  • Collaborations with global tech accelerators,
  • Being named one of the “Global Women Influencers” and recognised as a leading “LinkedIn Influencer,” with features in Korean and global media.
  • Serving as a Global Ambassador for the WomenTech Network.

Each milestone reaffirmed a single truth — that influence is not built through visibility alone, but through consistent contribution, credibility, and meaningful connection.

The final lesson: Write, record, share

In the end, the fastest way to reach investors was not by chasing them, but by continuously sharing credible, in-depth insights that they genuinely want to read.

I still write regularly about complex topics such as quantum computing, AI, and climate tech, translating them into accessible language so that investors and founders can meet in the middle, through understanding.

To any founder out there dreaming of global growth, I would say:

“Start writing. Start recording. Start sharing — today. The results waiting for you may be far greater than you can imagine.”

Credibility compounds when it’s shared — write to be understood, execute to be believed, and connect to be remembered.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Enjoyed this read? Don’t miss out on the next insight. Join our WhatsApp channel for real-time drops.

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