Frost & Sullivan Best Practices Recognition Honors Industry-leading Companies

• Frost & Sullivan Best Practices Recognition Honors Industry-leading Companies at the 2021 Asia-Pacific Virtual Awards Ceremony

• Sixteen companies recognized for their exemplary performance and valuable contributions in shaping new trends across Asia-Pacific

Frost & Sullivan honored leading companies in the region at the 19th annual Asia-Pacific Best Practices Awards on 14 July. At its first virtual awards ceremony of the year, Frost & Sullivan presented 16 awards to Asia-Pacific's leading organizations for elevating performance benchmarks and for their outstanding industry achievements.

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Senior Vice President Sapan Agarwal of Frost & Sullivan in Asia-Pacific said, "This year, we turn 60 as an organization ourselves, and over these years, companies that have inspired us the most are the ones who have been part of the solution to address global challenges. Award recipients tonight have rediscovered business models, redesigned value chains, and have successfully recreated foundations for sustained growth amid the unprecedented disruption by the Covid-19 pandemic.”

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Congratulating the 2021 winners and recognizing their best-in-class performance, Senior Vice President Sapan Agarwal of Frost & Sullivan in Asia-Pacific said, "This year, we turn 60 as an organization ourselves, and over these years, companies that have inspired us the most are the ones who have been part of the solution to address global challenges. Award recipients tonight have rediscovered business models, redesigned value chains, and have successfully recreated foundations for sustained growth amid the unprecedented disruption by the Covid-19 pandemic."

The award recipients were identified using Frost & Sullivan's proprietary, measurement-based methodology derived from extensive primary and secondary research, in-depth interviews, analyses, and industry benchmarking. Numerous award categories were carefully reviewed and evaluated to reflect the current market landscape and highlight emerging trends in Asia. A detailed study was further conducted on each of the nominated companies, focusing on real-time performance indicators, such as market share, revenue growth, customer acquisitions, product/service value, and technology innovation. The companies that emerged represent outstanding leaders that are driving positive trends in the Asia-Pacific economy.