Strategic Projects As the global economy has rebounded from a rock-bottom base in the aftermath of COVID-19 pandemic, further recovery is being weighed down by uncertainty due to a number of factors. Chief among them is the Russia-Ukraine war and rising inflation. Nevertheless, from a long-term perspective, the following Megatrends will continue to move inexorably forward, changing the way we live and do business: To live up to its vision and mission, IRPC has devised a strategic framework and business direction with an emphasis on Core Uplift, based on expertise in its existing businesses with the current value chain and diversify into Adjacent Businesses and to be on the lookout for Step Out Businesses. All this with the aim to drive growth under the new vision and mission to transform IRPC into an innovative company that provides Sustainable Material and Energy Solutions. Opportunity and Threat along Megatrend De-Globalization such as geopolitical conflicts among countries, expansion of economic blocs and emerging economies, etc. The Advent of Disruptive Technologies such as digital technology, AI robotics, electric vehicle innovations, etc. Demographic Change such as mass migration, urban population growth, middle-class income, and ageing population, etc. Material Utilization Energy Transition Sustainability Technological Innovation: 3D printing, AI, AR, VR Future of Energy: Solar, Wind, H2 Climate change: De-carbonization, Circular Smart Mobility: EV battery and component Health and Wellness: Health supply and devices Electronics: SMART devices, Internet of things Key Focus Area De-Carbonization such as a shift in emphasis towards developing a low-carbon society and enforcement of environmental rules, laws and regulations, and the goal of a circular economy, etc. 85 Structure and Business Operations of IRPC IRPC PUBLIC COMPANY LIMITED
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