Russia-Ukraine Conflict: Potential Impact on ASEAN ICT Industry

A. Amir

Summary Bullets:

  • There is no immediate impact from the Russia-Ukraine conflict on the enterprise ICT sector in ASEAN, but there could be several indirect influences such as an increase in cyberattacks, rising energy prices, and more shortages in the global supply chain.
  • ASEAN businesses should strengthen their cybersecurity framework, expand the use of renewable energy, and accelerate updates and rollout of critical infrastructure.

It has been a week since Russia launched a large-scale military attack on Ukraine, and there have been various economic and supply-chain impacts across industries such as energy, manufacturing, automotive, and transportation, especially in Europe.  While there is no direct impact on the ASEAN ICT sector so far, there could be several potential indirect influences on the industry in the longer term. Continue reading “Russia-Ukraine Conflict: Potential Impact on ASEAN ICT Industry”