AI and smart manufacturing come to the fore as multinationals face cost hikes: StanChart

AI and smart manufacturing come to the fore as multinationals face cost hikes: StanChart

Three in five multinational companies expect costs to rise due to ongoing geopolitical uncertainties, which is spurring their adoption of artificial intelligence and smart manufacturing to offset financial pressure, according to a Standard Chartered survey on Wednesday. About 62 per cent of top executives surveyed predicted cost increases of 5 to 14 per cent in…

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European firms tout Hong Kong as springboard for expansion into mainland China, Asia

European firms tout Hong Kong as springboard for expansion into mainland China, Asia

Hong Kong can help European companies tap promising markets in Asia, particularly mainland China, by leveraging the city’s unique advantages and its booming financial market, according to two firms that are using bases of operations in the city to further expand in the region. Italian-owned food importer and distributor Bright View and French fintech firm…

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