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RESEARCH, ANALYSIS & TRENDS

IDC’s early assessment of the Russia-

Ukraine conflict on the ICT spending and

tech markets in Asia Pacific

ICT supply chains that support the regional
consumer electronics and semiconductor
manufacturing as well as distribution industries.

"While not as exposed as European nations, Asian na-
tions, large and small, still recovering from COVID-19,
will undoubtedly feel the spillover effects of the eco-
nomic sanctions on Russia, as will the ICT industry in
Asia/Pacific. IDC expects that sanctions, commodity
shortages, and higher prices for oil and gas and other
essential goods will fuel inflationary pressures and
damage the supply chains that support the regional
consumer electronics and semiconductor manufactur-
The impact of the current conflict between ing as well as distribution industries," said Dr Chris Mar-
Russia and Ukraine is far-reaching and will shall, AVP, IDC Asia Pacific.
impact Asia Pacific in the short and possibly Drawing on its broad network of regional and local ana-
long-term in a recently published impact lysts, IDC carefully evaluated the geopolitical situation
analysis: IDC reiterates that sanctions, and its impacts on Asia Pacific ICT tech vendors and
commodity shortages, and higher prices for oil tech buyers.
and gas as well as other essential goods will
further fuel inflationary pressures and damage These are likely to include:

The company expects further that both ICT vendors from it, such as supply chain disruptions, chip shortag-
and buyers are likely to emphasize technology-related es, increased inflation, and cybersecurity threats. The
spending on digital resiliency and risk management. impact of events can change quickly and so must your
plans. Leveraging technology for resiliency should be
"Given the fluid nature of the war, IDC recommends top of the agenda," said Sandra Ng, Group Vice Presi-
that companies create action plans that enable them to dent and General Manager, IDC Asia Pacific. ◊
anticipate and react to potential disruptions resulting
By MediaBUZZ

March 2022: Content Marketing 5