WHAT SHOULD BE IN 10 YEARS' TIME
Forbes Indonesia|October 2020
Axton Salim is currently a Director of PT Indofood Sukses Makmur and several other companies under the Salim Group. The third generation of the Salim family, he joined Indofood in 2004 as the Brand Manager of PT Indofood Fritolay Makmur and was subsequently promoted to executive positions.
AXTON SALIM
WHAT SHOULD BE IN 10 YEARS' TIME

The COVID-19 virus has made the world stop; never in our lifetime have we experienced an economic crisis driven by a health crisis on such a scale. With most countries having little prior experience to refer to a “cheat sheet” on what to do, many governments look like they are making up containment policies by trial and error. At the same time, countries are being forced into a tug of war between prioritizing the health of their people and economic consequences of doing so.

The pandemic is also adding to existing problems and providing new opportunities, both regionally and globally, which are at the same time interconnected and complex. The political and ideological fracture between the US and China has raised many questions about the future international world order adding to this global uncertainty. Protectionism policies are now often favored to globalization and we saw countries like Vietnam, Thailand, the US, and Brazil prioritize their domestic needs of staple foods supplies at the beginning of the pandemic which led to other nations to have to rethink their own food security risks.

Added to the issues of the pandemic, 2020 has also seen the continuing effects of drastic climate change which have become more prevalent and more extreme in recent years. With rising global temperature and more extreme precipitation patterns, the world has experienced a rise in the frequency of natural disasters, such as forest fires, hurricanes, heatwaves, floods, and droughts. In the first half of 2020, more than 200 natural disasters have been recorded globally, significantly above the last 20 years average of 185 disasters yearly.

This story is from the October 2020 edition of Forbes Indonesia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the October 2020 edition of Forbes Indonesia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM FORBES INDONESIAView All
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ mins  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 mins  |
December 2021
Boys in the Bubble
Forbes Indonesia

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

time-read
6 mins  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 mins  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 mins  |
December 2021
Marathon Man
Forbes Indonesia

Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time-read
5 mins  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

time-read
2 mins  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 mins  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 mins  |
December 2021
THE CROESUS OF CRYPTO
Forbes Indonesia

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

time-read
10+ mins  |
November 2021