ASEAN member countries are working on improving food safety in response to poor hygiene standards, which cost the region tens of millions of dollars from lost sales.
- Pressure for quality controls will create strong demand for imported testing and laboratory equipment, and technical skills.
- Financing difficulties will force many smaller food processors out of the industry, enabling more efficient production chains.
- ASEAN firms will struggle to establish a regional presence without regulatory reforms, especially at the customs level.
- Substantial investment will be needed in quality controls, supply chains and new equipment.