Stephanie Ledwidge, Associate, Life Sciences, Linesight
From July issue, Women Going Places Women Going Places July 2024 by Media Hawkes Bay Limited – Issuu Top of mind trends in the life sciences sector, opportunities and challenges that businesses should be mindful of? The life sciences sector has been historically consolidated within designated parts of Asia-Pacific, but this has evolved over recent years, and we are now seeing key pharmaceutical hubs emerging across the region with a healthy pipeline of projects underway. As outlined in Linesight’s latest Construction Market Insights Report, skilled labour is a key challenge impacting construction growth opportunities. In developed life sciences markets such as Japan, Singapore, South Korea, and Australia, there is a significant shortage of biotech talent. Although headwinds such as interest rates and skilled labour shortages remain front of mind, the outlook remains promising and there are opportunities for sustained growth in this sector. This is backed by significant investments from governments and the private sector to accelerate R&D activities, and place further emphasis on building supply chain resilience. For large-scale projects in this industry, effective programme and supply chain management as well as collaborating with a local partner to understand regional nuances and identify strategic opportunities, is crucial. How gender equality has evolved in the construction and life sciences industry, and share your experience as a female leader in these sectors The construction industry has predominately been a male dominated field for decades and still is. However, there are now a lot of initiatives in Singapore to promote STEM learning in schools and universities to support a future talent pipeline of women in construction. In fact, approximately 48% of all STEM degree candidates in Singapore’s universities are women. Whilst there is still more work to do to achieve a true gender balance, the life sciences industry has […]