Increasing Green Economy

As consumer awareness of climate change and sustainability grows, consumers are increasingly choosing environmentally friendly products, such as recycled products, renewable energy, and organic products. In addition, various businesses are entering the “green” w0rld with products developed in a sustainable, healthy, and environmentally conscious manner.

Collaboration between MSMEs

The economy which may potentially become increasingly uncertain, it will encourage MSMEs to collaborate more to support each other. Collaboration, such as joint product development, shared logistics infrastructure, or joint events will become popular strategies to reach a wider market niche.

Innovation in Logistic Process

For businesses operating online and through E-Commerce, logistics will be key. With increasing need for advanced systems like real-time tracking, route optimization, and faster more scheduled deliveries, various online businesses will find it increasingly easier to serve their customers.

Financial Inclusion for Businesspeople

Access to financing for businesses is predicted to become in increasingly easier and a variety of businesses are predicted to become increasingly easier. However, a variety of businesses can obtain funding not only through banks, but it also through the availability of innovative fintech and lending services.

In addition, it is particularly those focused on MSMEs and it will stimulate MSME growth across various sectors, particularly trade and manufacturing.

Adapting AI for Business Processes

Although AI is relatively new and challenging for businesses and MSMEs, its adoption is predicted to improve operational efficiency. Furthermore, businesses and MSMEs in Indonesia are expected to begin utilizing chatbots for customer service and in-depth data analysis for decision-making and marketing.

The Indonesian government sees great potential in the development of CCS, as demonstrated by the existence of fifteen CCS/CCUS study projects spread across various regions, from Aceh to Papua, most of which are planned to start operating (onstream) in 2030. According to the Global CCS Institute, Indonesia’s improvement in the Legal and Regulatory Index in 2023 will be significantly impacted.

If the Indonesian government support CCS projects through a broad regulatory and policy framework. Noor Arifin Muhammad as a Director of Oil and Gas Engineering and Environment stated about that Presidential Regulation No. 14 of 2024 concerning the implementation of CCS provides and clear regulations for CCS development in Indonesia.

Indonesian’s improvement in the Legal and Regulatory Index in 2023 will be significantly impacted if the Indonesian government supports CCS projects through a broad regulatory and policy framework. Going forward, Noor stated that Ministerial Regulation No. 14 of 2024 must be further regulated in implementing regulations.