Damien Duhamel

asia b2b growth & innovation strategy


Asia Growth Strategy Advisory

Damien Duhamel is the CEO and Managing Partner of Solidiance, an Asia-focused  corporate strategy firm with offices in Singapore, China, India, Indonesia, Malaysia, Myanmar, the Philippines, Thailand, UAE and Vietnam. Solidiance works with Fortune 500s and large pan-Asia conglomerates to find new avenues of growth and profits through organic and M&A means.

In 1990, at 20 years old he was the first French student admitted to the Hanoi University in Vietnam since the country’s independence in 1954. Damien stayed a year to learn Vietnamese and to understand the Vietnamese culture. He then went to Australia to complete his Bachelor Degree in Business. After university, he rushed back to Vietnam to set up a boutique business-consulting firm helping foreign companies to enter Vietnam. The company was sold early 2000.

In 2000, Damien Duhamel joined the consulting arm of London-listed Aegis Plc. In 2002 he was first promoted to lead the largest office in Singapore and then became Managing Director Asia Pacific in 2004. Damien is credited for quadrupling revenues and profits in three years as well as expanding geographic imprint from 5 offices to 15 across Asia.

Since 2006 Damien Duhamel is the CEO and Managing Partner of Solidiance. Solidiance has grown from two staff and one office to about 100 full-time staff in ten Asian offices. Solidiance works exclusively with Multinational Corporations and has a client repeat rate averaging 90%. Our above-industry client repeat rate is a clear testimony of the Solid Alliance we are able to establish with our clients.

Solidiance supports clients' Asia growth in the manufacturing, industrial, technology, cleantech and healthcare sectors. Some of Solidiance clients include Siemens, BASF, Caterpillar, Rockwell, Shell, Toyota, Petronas, ExxonMobil, Panasonic, Microsoft, IBM, etc.

Damien Duhamel has worked on hundreds of strategy engagements mostly across ASEAN. He is a recognized Innovation and Competitive Strategy expert and has been numerously interviewed on the subject. In 2006 Damien was listed in the International Who’s Who.  Recently Damien has been working on the old Silk Road revival, helping large Arabic groups in the Middle East to understand East Asia and to grow in Asia.

Damien Duhamel holds a Business Bachelor Degree from the Victoria University, an MBA from The University of Chicago Booth School of Business and is completing a Master at Harvard University in Sustainability and Environmental Management.  He speaks English, French, Vietnamese and 'survival Japanese.

His articles on Asia corporate strategy have been published by CNN, BBC, The Wall Street Journal, CNBC, Fast Companies, New York Times, Times Magazine, Les Echos, Bloomberg, and many more local / regional publications in Asia Pacific.

Damien Duhamel is also often invited to be a speaker at key Asia Pacific foreign investment, innovation, and growth strategy conferences.

Key Indicators



Paris - France


Grew up

Africa, New Caledonia and Southeast Asia



BA Victoria University, MBA The University of Chicago Booth School of Business, MA Harvard



Worked in Hong Kong, Vietnam, Thailand, Singapore and the UAE



Singapore since 2000



Over 300 Asia growth strategy assignments



One adorable boy



Keen Collector of Pre-WWI Singapore Post Cards



Innovation theory, Asian cities urban development



Active member of
Youth Business Singapore

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The Most Innovative Cities in Asia Pacific

The Movie

Damien Duhamel initiated the ranking of The Most Innovative Cities in Asia Pacific, which aims to identify the optimal cities in the region with ample factors to potentially yield innovation, attracting industry players to plant and grow their businesses. Damien is also the Executive Producer of the above short documentary movie aimed to complement and better capture the idea behind the main factors driving 'innovation' according to the world's business leaders. This ranking has been featured globally by some of the most renowned media publications.


Asia Marketing and Innovation Strategy


Recognizing Singapore’s design sector

Date: December 2015

In recent years, Singapore’s reputation in the design realm has grown exponentially. Three reasons why Singapore may become Asia’s next design capital were highlighted, citing also its ability to spur innovation as an ecosystem, which refers to Solidiance’s The Most Innovative Cities ranking. Damien Duhamel, the CEO and Managing Director at Solidiance, confirmed the city-state as the most attractive ecosystem for companies to innovate in Asia Pacific. On top of its thriving economy, Singapore constantly strives for leapfrog improvements and show visible changes.

Singapore’s secret to its success

Singapore’s secret to its success

Date: October 2015

Singapore continues to experience significant economic rise. The city-state stands out for having built a promising ecosystem and proves to be an innovation hub which attracts investors from around the world. In this video, Damien Duhamel, the CEO and Managing Partner at Solidiance, was featured by France 2 TV channel as a French man doing business in Singapore - where Solidiance HQ is located. Being a globetrotter businessman who flies across countries in a regular basis, he keeps himself up-to-date on Asia's economy, including Singapore. News is always good in Singapore as businesses continue to grow and develop in the country, especially in the construction sector with the 4% growth this year. This video is in French language. Please skip the video to minute 2:50.

Singapore in the year 50: a region leader, still

Singapore in the year 50: a region leader, still

Date: August 2015

From a sleepy backwater in Southeast Asia with no natural resources, Singapore is now a thriving modern metropolis and one of the world's most dynamic economies, thanks to one man’s vision, Lee Kuan Yew. However, questions arise upon his passing, such as can the economic momentum be maintained, and what will be the challenges going forward. Referring to Solidiance's study in 2013 which ranked Singapore as the most innovative city in Asia Pacific, Damien Duhamel, the CEO of the firm states that the city-state’s innovation capacity has enabled it to rebound faster from crisis and reinvent itself quicker than any other Asian city. Singapore’s future rests in its ability to think ahead - it will have to go niche where innovation, research and development, human talent, creativity and IP (intellectual property) make all the difference.

The history and future of Solidiance

The history and future of Solidiance

Date: July 2015

Damien Duhamel, the Managing Partner and CEO of Solidiance, shared with Consultant-news.com exclusively about how the business formed and grew. Damien shared the type of clients Solidiance works with, their sectoral focus, as well as growth which explains how the company has grown from two staff and one office to 100 full time staff in ten Asian offices today. The firm is technically the largest independent corporate strategy consulting firm focused on Asia at the moment, and it is still rapidly growing with future plan to expand across Asia at a controlled pace. According to clients' testimonials, Solidiance has been acknowledged to be able to listen, show flexibility, provide a fresh perspective, and help them to cut through the fog.

The role of France and French companies in Singapore

The role of France and French companies in Singapore

Date: May 2015


On May 18th 2015, Singapore's President Tony Tan arrives in Paris for state visit. Damien Duhamel, CEO at Solidiance, a leading corporate advisory firm in Asia, is interviewed by Radio Classique on the role of France and French companies in Singapore. This is in French. En Francais.

Entrepreneur on Doing Business in Singapore: Damien Duhamel, CEO at Solidiance

Entrepreneur on Doing Business in Singapore: Damien Duhamel, CEO at Solidiance

Date: January 2015

In this exclusive interview with Focus Magazine in Singapore, Damien Duhamel, the CEO and Managing Partner at Solidiance shares his experiences in establishing and doing business in Singapore. Solidiance was born in Singapore and self-funded. Yet, according to Damien, the key issue was less on cash-flow but on finding the right human talent to complement the firm's fast Asian growth. Solidiance opened new offices across different Asian countries almost every year by thriving over countless difficult challenges and being the only Asia-focused management consulting firm. Damien thinks that ultimately, an entrepreneur needs to be fast and resourceful, needs to have a clear vision of targeted goals and needs to anticipate market's needs.

China Daily

Innovation is Singapore's key success factor

Date: October 2014

Singapore has been ranked as one of the most innovative cities in Asia Pacific, according to a survey done by Solidiance. The city-state offers a vibrantly diverse center for innovation, with a strong foothold in manufacturing, medical technology, energy, IT, sustainable resource development, as well as international culture and art sectors. Damien Duhamel, Solidiance's Managing Director and CEO, remarks that innovation has been the key to Singapore's success. He added that Singapore has built an attractive ecosystem for companies. Development in the city-state requires focus on high-value-added, technology-intensive industries. Singapore has invested heavily in their educated workforce and is becoming the regional center for R&D in diverse areas e.g. petrochemicals, biotechnology, aviation and nanotechnology.


Singapore attracts MNCs from Hong Kong / China for business

Date: September 2014

Multinational firms in Hong Kong have started to eye on Singapore to do business as political instability builds up in Hong Kong. Although its pressure to conform with Beijing's wishes does not necessarily affect Hong Kong's status as a financial center, the unease over the political situation has been at the back of people's minds. Several big companies have even recently moved their regional headquarters from China to Singapore, signifying a shift in market strategy. However, Hong Kong was one of the cities regarded as the most innovative in Asia Pacific according to Solidiance's analysis. The firm's CEO and Managing Director, Damien Duhamel, confirmed that as Hong Kong strengthens its connection to the economic powerhouse of mainland China, the island is likely to benefit in some way from the relationship. It is unlikely that Hong Kong is becoming more Chinese as an obstacle to its future growth.


More companies eye on Singapore as Hong Kong grows more unstable

Date: September 2014

China's decision on to limit free elections on the island has spurred greater unrest in Hong Kong as locals resist the policy. Despite being the global financial center and business gateway to China, Hong Kong is considered to be less preferred by many companies due to its growing instability. On the other hand, more firms are eyeing on Singapore with increasing trust growing towards this city-state to expand their outlook to the broader Pan-Asian market. According to Damien Duhamel, the CEO of Solidiance, as Hong Kong strengthens its connection to the economic powerhouse of mainland China, the island is likely to benefit in some way from the relationship. Hong Kong is not likely to become more Chinese as an (obstacle) to its future growth. Singapore has yet to succeed in China.

Indonesia's Mining Sector under Impacts of Presidential Election 2014

Indonesia's Mining Sector under Impacts of Presidential Election 2014

Date: June 2014

BBC interviews Damien Duhamel to discuss about the Indonesia's presidential elections circa 2014 and the potential impact on the Indonesian mining industry. Both presidential candidates aim to push domestic development of Indonesia's mineral and energy resources, which is believed to bring more stability in the sector. Damien further explains that the industry players are to be required to build smelters for their domestic mining development as stated in the latest regulation. Challenges ensued as the power plant would require access to the chemicals and human capital, meanwhile the opportunities rose for the potential investment in the mining automation.

ADB offers supply-chain financing for Asian SMEs

ADB offers supply-chain financing for Asian SMEs

Date: April 2014

The Asian Development Bank will launch a new trade support initiative later in 2014 in collaboration with leading international banks to offer supply-chain financing to SMEs. We are just at the beginning of the intra-ASEAN trade boom, Damien Duhamel argued; and while the supply-chain finance and receivable financing solutions have seen a significant uptake in recent years in Asia, the terminologies used, regulatory and legal requirements are not yet standardised. ADB therefore offered solutions including reverse factoring, whereby banks can use the credit rating of a large buyer to provide financing to a number of its smaller suppliers.

The New York Times

Slowly, Asia's Factories Begin to Turn Green

Date: January 2014

Western multinational companies along with some of their Asian suppliers have started to build more environmentally friendly factories in developing countries over the last five years, experts say. Although estimating the actual number of saved energy in green factories is admittedly quite difficult, the certification trend is potentially significant in Asia. According to Damien Duhamel, the Managing Partner Asia Pacific it is believed that the next competition would be of corporate environmental standards or policies.


Seven French Entrepreneurs Who Successfully Set up Their Businesses in Singapore

Date: December 2013

Damien Duhamel shares his experience, career, and business story as one of the seven chosen French entrepreneurs who have successfully set up a business in Singapore. Damien acquired his well-versed Asian marketplace knowledge after having sparheaded business in Vietnam, pursued an MBA in Chicago Booth, before finally established his own consulting firm, Solidiance, in Singapore. Damien further mentions several challenges he has faced in doing business in the competitive business landscape.


What Most Entrepreneurs Get Wrong

Date: May 2013

This CNBC article identifies why Asian entrepreneurs in Asia fail their business within the region, despite the economic boom over the past two decades. Damien Duhamel, the Managing Partner of Solidiance, is among the limited interviewees. He argues that Asian entrepreneurs sometimes have tendency of fear of 'losing face'. There are also too many Singaporean entrepreneurs, particularly Chinese, that rely to close network of friends and family - and in the 21st century, this propensity won't be serving a lot of help, and many of them don't realize this.

Business Insider

The 16 Most Innovative Cities In Asia

Date: April 2013

As Asia region continues to be a hot melting pot driven by the rapid urbanization and city development, Innovation is now a brewing topic everyone heavily lays their focus on. According to Solidiance's study, there are 16 Most Innovative Cities in the region that are ranked based on several main dimensions being used. In this Business Insider article, Damien Duhamel, Solidiance's Managing Partner, shares his exclusive remarks in regards to the respective city.

Les Echos Business

Entrepreneurs d’Asie : à Singapour, Damien Duhamel passe au crible le marché asiatique du conseil en stratégie

Date: April 2013

In this Les Echos article, Damien Duhamel shares his entrepreneurial perspective about starting and undertaking business in Asia. He also addresses some of the trials and tribulations he experienced in the market along the way and how he envisions it would be later in the future. He explains that managing Solidiance is now his focal point as he is positioning the company strategically amidst the competitive market in Asia


What are Asian Entrepreneurs Afraid of?

Date: April 2013

CNBC reports that regardless of Asian burgeoning market and stable economic growth, entrepreneurs in the region still seem a bit held back. In response to this, Damien Duhamel admits that there is a prohibitive lack of failure in that herd which separates them from the Western business crowd, necessitating a mentality shift. However, Damien says that there are signs of change - the Asian younger crowd now seems less reluctant to stick their neck out.


Singapore, the Most 'Innovative City in Asia'

Date: March 2013

BBC interviews Damien Duhamel, on the white paper released by Solidiance that highlights Singapore as the most innovative city in Asia Pacific. In this video, he further explains the factors that put Singapore high on to the top of the ranking outsmarting other 15 cities across the region. According to the white paper, Singapore ranks the highest on some of the categories assessed, including Global integration & orientation towards future, Government and regulatory framework, Technology and innovation system, Human talent, and more. More details about this ranking can be accessed on www.asiainnovativecities.com.


Most Innovative City in Asia is...

Date: March 2013

This CNBC article shows that Singapore sits at the top of the Most Innovative Cities in Asia Pacific ranking according to Solidiance's study. Damien Duhamel, the Managing Partner Asia of Solidiance confirms this - Singapore is still a young city, and things are not always perfect, but it has built the most attractive ecosystem for companies to innovate. Moreover, the problems being faced in the country are not shunned under the carpet, yet fast-addressed. A city needs to be innovative not to grow quickly. It needs to be innovative to sustain its growth.


Asia's Most 'Innovative' City is...

Date: March 2013

The achievement in being able to make dramatic and perpetual improvements for the past 25 years makes Singapore being the most innovative city in the whole Asia Pacific. This result is acquired by Solidiance that examines six links between what a city has to offer and the amount of talent that relocates to that city. As featured in this CNN article, Damien Duhamel, the Managing Partner Asia of the company remarks that if Singapore wants to maintain its achievement and stays relevant in the 21st century, they have no other choice than to adapt, stay opened, and lead change.

Fast Company

The 10 Most Innovative Cities In Asia Pacific

Date: March 2013

Damien Duhamel, the Managing Partner Asia of Solidiance, initiates a research to rank the most innovative cities in Asia Pacific which is featured in this article by the Fast Company. Based on six different categories, the ranking brings Singapore as its forefront winner, followed by Sydney and Melbourne to round up the top three. Damien says that Singapore's triumph is achieved due to its society's significant transformation over the last quarter of a century - they are now bold, fast and successful.

The Wall Street Journal

Singapore Named Top in Innovation

Date: March 2013

A new ranking of Asia Pacific's most innovative cities done by Solidiance puts Singapore at the top while looking askance at Shanghai and snubbing Jakarta all together. In this Wall Street Journal article, Damien Duhamel, the initiator of this research explains that this achievement is obtained due to the country's propensity to become more open to a broader spectrum of ideas, encouraging more dissent and debate in the post-secondary education.


Singapore Most Innovative City in Asia Pacific: Study

Date: March 2013

Yahoo! Singapore reports a research done by Solidiance which reveals Singapore as the most innovative city in Asia Pacific, excelling in global integration category compared to others in the region. Damien Duhamel opines that today, Singapore is bold, fast and successful -- and Singapore Inc will follow the same path. Singapore has no other choice; it must adapt and lead change if it is to remain relevant in the 21st century.

The Nation Thailand

Bangkok is One of The Most Innovative Cities

Date: March 2013

According to the research done by Solidiance, Bangkok is the 12th most innovative cities in the Asia Pacific region. The city is highly reckoned for its society category which includes culture, value systems and ideology - which is driven by the open-mindedness that Bangkok possesses, as Damien Duhamel, the Managing Partner of the company, states. The city is rapidly transforming and challenging the most entrenched and preconceived ideas, potentially promising more regional respect especially for its burgeoning advertising and media industry.

Le Point

Birmanie: 2 ans après la fin de la junte, la société de consommation s'installe

Date: March 2013

The big brands have now swept into Myanmar, determined to have a share of an anticipated boom and transform the nation's impoverished people into brand-savvy global consumers. As quoted in this Le Point article, Damien Duhamel mentions that rushing in to untapped market of Myanmar to seek for 'pioneering advantage' is a laden risk. Meanwhile MNCs from Taiwan, Hong Kong, Singapore are likely to enter in 2nd or 3rd wave to build sustainable market share.

Singapore Business Review

Ten Easy-to-Implement Rules to Boost Innovation from within - Part 3: Recruit Beyond Obvious Circles

Date: September 2012

This third part of the “Easy-to-Implement” series written by Damien Duhamel for the Singapore Business Review focuses on the importance of diversity as a means to innovate a company from within. Recruiting beyond the obvious circle as well as enhancing diversity in the business is one of the fastest roads to innovation in companies. Damien states that as such, a melting pot of origins, cultures, perspectives, will ultimately create a melting pot of good ideas.

The New York Times

Broad Change Comes to Myanmar, and Developers Follow

Date: August 2012

Myanmar's property market has faced broad changes in the last two years as the international business people seek investment opportunities in the country. The property demand has surged and as a response, developers seemingly will follow a certain pattern that had been seen in Vietnam 20 years ago. Moreover, as Damien Duhamel forecasted, the developers from Singapore, South Korea and Hong Kong will build new hotels and offices, resulting in the emerging of apartment and condominium market oriented around expatriates.

Singapore Business Review

Ten Easy-to-Implement Rules to Boost Innovation from within - Part 2: to Innovate, Promote Failure

Date: May 2012

In this second part of a series originated and written by Damien Duhamel for the Singapore Business Review, he focuses on the failure undergone at an organizational level. He emphasizes that failure must be defined as a learning process and that one should encourage risk-taking by discounting failure. 'Candor of expression' within an enterprise is the key to idea generation. Undisclosed environments where fear of being ridiculed and denigrated rule will only churn absolutely zero idea.

French Chamber of Commerce Singapore

Entrepreneur Spotlight

Date: April 2012

This article highlights an interview conducted by the French Chamber of Commerce with Damien Duhamel in regards to Solidiance, an Asia Pacific-focused management consultancy firm which he established and has been leading. He shares his entrepreneurial and professional background, the history behind Solidiance’s founding, the difficulties he encountered while setting up the company, while also weighing in about the fundamental pillars of being a successful entrepreneur in Asia.

Singapore Business Review

Ten Easy-to-Implement Rules to Boost Innovation from Within

Date: April 2012

This article is the first piece of a series specifying the Ten Easy-to-Implement Rules to Boost Innovation from within, written by Damien Duhamel for the Singapore Business Review magazine. Damien states that in order for an organization to thrive, they shouldn't listen to the customers - they should instead observe them. Innovation is a tough exercise, but it must be done by the enterprise, not by its customers. Especially in Asia, according to Damien, observing customers and interpreting their behavior help to see a usually not-so-obvious opportunity.

Asian Trucker

Which Road Ahead for Vietnam's Road Freight Industry?

Date: June 2011

Road freight holds a natural advantage in Vietnam’s US 3 billion dollar logistics industry. With almost no air freight, limited rail freight, humble maritime freight, road freight represents about 75% of freight volume in Vietnam. Over the last decade, the number of transportation enterprises increased by almost five-fold according to the Government Statistics Office in Vietnam. This article written by Damien Duhamel provides a closer look into the road and traffic conditions in Vietnam, road freight challenges in Vietnam, and suggestions on how to best resolve them.

Clean Air Portal

Tokyo Named Asia Pacific's Greenest City

Date: February 2011

Tokyo tops the list of Asia Pacific's Greenest Cities ranking done by Solidiance. The city is reckoned for its highly regarded evaluation based on CO2 emissions, energy, transportation, air quality, water, waste, green space and environmental governance - which was ranked according to the triple bottom line measurement. Damien Duhamel mentions that developing cities can look towards the top ranked green cities for best practices to leapfrog the learning curve in cultivating a green urban ecosystem.

Channel News Asia

How the Budget Can Help Firms Go 'Green'

Date: February 2011

With the right incentives, Singapore could become one of the world capitals for electric vehicles. According to Damien Duhamel, as Singapore’s population continues grow, environmentally efficient choices will no longer be a luxury, but a necessity. The government push has been supportive in encouraging this propensity, and yet it takes more to achieve noticeable changes. The infrastructure is just not there yet today to sustain anything else than a few weekend electrical cars. Green Vehicles Rebates are quickly obsolete if no one can or knows where to recharge its Electrical Battery.

Eco Business

77% of Home Buyers in Singapore Will Consider Purchasing a Green Home

Date: November 2010

Singapore is becoming a promising field for the green housing market segment, according to a research done by Solidiance in partnership with the Singapore Green Building Council. Damien Duhamel, the Managing Partner Asia of the company states that green buildings are viewed as a lifestyle product in Singapore. 44% of Singapore home buyers are willing to pay up to a premium of 5% for a green home, and up to 38% of home buyers feel that 5-10 years is an acceptable break even period for the green premium they're willing to pay.

The Straits Times

Green's the Colour of Cost Savings

Date: November 2010

According to a research done by Solidiance in partnership with the Singapore Green Building Council, green housing is a traction in the country mainly due to the cost saving merit it offers. Based on the survey, 35% of green home buyers profess their decision in order to save money, followed with the intent to protect the environment as the second strongest reason. The research is planned to be carried out annually, as stated by Solidiance's Managing Partner Asia, Damien Duhamel, to track the transforming market attitudes towards green buildings.


Singapore Marketeers Not Chirping to Twitter's Tune

Date: July 2010

Twitter is unlikely to be preferred as a main digital marketing tool compared to Facebook for companies in Singapore. Damien Duhamel concurs this statement, asserting that Twitter is still a novelty and mostly adopted by teenagers. Moreover, the ROI for marketing via (micro) blogs is close to none and Twitter therefore needs to give itself more time to cultivate its own impact to business marketing.

DTI News

Soft Drink Brands See Double Digit Growth in Sales During 2009

Date: January 2010

2009 was a year in Vietnam where local and global beverage brands seeing double-digit growth in sales of new product variants supported by ever larger sums for advertising. The consumers are in the middle of a generational shift in drinking behaviour, with the young forgoing premise-brewed water and teas for commercial, pre-packaged soft drinks. Damien Duhamel notes that most emerging markets are big consumers of carbonated soft drinks (CSDs) because diet and sugar intake issues are of remote importance, and Vietnam in this particular case will see its CSD market expand another 40% over the course of 2010 - 2015.

Asia Pacific Biotech

Vietnam Healthcare - The Next Growth Frontier

Date: December 2009

In this article, Damien Duhamel is being interviewed and states that Vietnam's healthcare sector is still nascent due to several hindrances. There is an evident shortage of the manpower in the industry driven by the low compensation rate given for the healthcare workforces, which also serves as an opportunity for the foreign companies to invest in this sector. However, Damien highlights that it is important for the investors to first fully comprehend the Vietnamese healthcare sector and have a long term perspective before they enter the market, if they really want to reap the fruits of their investments.

Daily Motion

Grasping the Role of Innovation in Asian Organizations

Date: November 2009

Damien Duhamel is being interviewed to address the problem being faced by the organizations in Asia. He states that many companies in the region appear to have an issue in grasping the role of innovation within the organization. Damien asserts the importance to overcome this as innovation constitutes a delivery of ideas that enable a sustainable and competitive advantage which can transform the business significantly.

Telecom Tiger

Payment, Gaming, Healthcare and Music Over Mobile Driving Growth in Asia

Date: November 2009

According to Damien Duhamel, Singapore and Hong Kong are the most mature electronic payment markets in Asia. The payment options through mobile platforms will become the most lucrative segment in the medium term across Asia, and the services or product innovation, mobile operators and value added services providers are aggressively working on this to try capturing bigger market share.


Affordability, Functionality Drive Growth in Asia

Date: November 2009

Damien Duhamel addresses the main factors that boost the growth of mobile market in Asia - affordability, which has been driven by availability of affordable devices and lower service prices, as well as functionality that the mobile phones nowadays offer to lure the markets. It is also proven that mobile payment, mobile gaming, mobile healthcare (mHealth) and mobile music in smart phone - help the mobile phone adoption to increase in the region.


What Drives Mobile Growth in Asia?

Date: November 2009

Functionality and affordability are the two leading factors driving mobile adoption in Asia. Damien Duhamel said that Singapore and Hong Kong serve as the most mature electronic payment markets in Asia. He states that with a focus on services/product innovation, mobile operators and value-added services providers are aggressively working on payment options through mobile platforms – which will be the most lucrative segment in the medium term across the region.

Rice Communications

The Business of Innovation

Date: July 2009

Change drives innovation, which in turn drives positive change. Based on this stance, Damien Duhamel, the Managing Partner Asia of Solidiance, joined the roundtable held by ESSEC Business School's Institute of Service Innovation and Strategy as a panelist to share his thoughts about the 10 main rules of innovation - observing customers instead of listening to them, promoting risk takers and failures, and more.

Logistics Insight Asia

Service Logistics in Southeast Asia

Date: May 2009

The service logistics business in Southeast Asia is growing rapidly due to several market trends such as the shift of OEM manufacturing, growing traction of outsourcing to 3PLs, and service offers evolution. Damien Duhamel remarks that the service logistics business is increasingly shifting towards outsourcing not only transportation, but also warehousing. This growth trend is burgeoning despite the current crisis, primarily driven by business from emerging countries such as China, India and Indonesia.

Vietnam Economic Times

How Asia-Based Companies Need to Innovate to Survive Economic Crisis

Date: April 2009


In this exclusive interview with Lush 99.5 FM in Singapore, Damien Duhamel, the Managing Partner of Solidiance, shares his thought on the keys of innovation to strive and save businesses in times of economic turmoil. Innovation is deemed inevitably pivotal for every Asia enterprise, and can be achieved primarily by observing (as opposed to just listening to) customers; embracing diversity of resources/skills in the business; breaking down silos; etc. Damien further explains that the Singapore Government also played a key role in enabling innovation in the country by creating a proper ecosystem for people to innovate, and incentivize innovation.

Vietnam Economic Times

Future Forte

Date: April 2009

According to Damien Duhamel, Vietnam is less of a risk as a manufacturing location than elsewhere in Asia Pacific but needs to adopt innovative policies to carve out a long-term niche. 63% of business executives believe that Vietnam is now a more attractive investment opportunity than Thailand. Vietnam’s political stability is comparable to that of China and Singapore, which allows for foreign investors to adopt a long term view.

Enterprise Innovation

Disruptive or Incremental Innovation?

Date: August 2008

Increased connectivity, mobile payments and changing ideas of ownership present new opportunities to conduct business-not-as-usual. Many successful disruptors have profited from transposing existing business models and proven technology from another sector into their own. In this article, Damien Duhamel explain whether Asian companies can adopt more disruptive innovation approach, with focus on three types of disruptive innovation - those which are driven by technology, business model and consumer value.

The Edge

Innovation the Key to Survival

Date: July 2008

In this article published by The Edge, Damien Duhamel states that innovation is key to the country's survival, and in order to thrive, the change needs to be implemented through the bottom-up approach. Businesses and their management must be willing to innovate and change to stay relevant. To be able to instill innovation at the core of companies in Asia, Damien suggests cultivating diversity within the team, encouraging the flow of ideas and promoting failures.

Marketing Interactive

The 'What is' Have It

Date: October 2008

In this article, Damien Duhamel argues that innovation is not solely being creative or generating a lot of ideas - it needs the transformation of 'what if' to 'what is' which involves ROI in the business context, a transformation of ideas to shareholder value. Innovation should be able to be monetized and differs the impact it brings out - striking improvements, or merely incremental steps which even not innovative companies can achieve.

France 24

China & Myanmar differences

Date: May 2008

In May 2008, Damien Duhamel, Managing Partner at Solidiance, offered his view on France 24 on the clear media approach differences after two natural disasters had occurred about the same time in Asia. The Sichuan earthquake in China and the floods in Myanmar. The Chinese government chose to be more open and transparent with its tragedy, marking a change from the usual blackout; while Myanmar's leadership was still blocking media and international help despite its terrible needs.
This is in French.


What are Your Competitors up to?

Date: October 2007

Competitive intelligence enables enterprises predict their competitors' next moves, anticipate changes in the marketplace, and discover potential customers to help the business grow. This practice constitutes a decision making tool that helps management acquire a more precise and comprehensive of the competitive environment. In this article, Damien Duhamel asserts the importance and benefits offered by the use of competitive intelligence particularly in the Asian market with several cases in point for clear references.

business times

Go for quality to draw foreign patients

Date: December 2004

Singapore's healthcare industry needs more than merely promotions and marketing endeavors to thrive at a global level. Damien Duhamel remarks that it requires top-notch healthcare services and medical researches to draw affluent patients from abroad that can potentially generate $1.5 billion in expenditure and add about one percent to Singapore's GDP. In response to such target, the government applies the strategy in emulating research clusters in the American cities and looking at promoting specialties that are procedure-intensive.

Singapore Business Review

Can Singapore become the Boston of Asia?

Date: October 2004

Singapore is making a significant improvement in the education sector within less than a decade. Damien Duhamel compares this country's particular development to Boston, where the education is a lucrative sector which becomes a hub for diploma, degrees, and higher level of education. The Singaporean government tries to attract leading institutions with their generous incentives and subsidies, but their education brand is not yet sounding strongly enough. Damien asserts that its reputation is necessary to be built on its local universities and institutions, and once the targets in the sector are achieved, Singapore will yield huge benefits through various cultural and economic impacts.

Asia Pacific Food Industry

France vs Australia: The Fight For Asia’s Food Markets

Date: January/February 2004

In this article, Damien Duhamel explains how Asia is becoming a battlefield of Australia and France's fierce competition in Agribusiness. In Singapore, Australia is the 2nd largest supplier of food and drinks, yet the alcoholic drink supplies are being dominated by France with their 57% market share. Alcoholic beverages are an ad hoc in Asia, but Australian wine manufacturers have captured a very substantial market share with mass-market appeal, while France manufacturer keeps their target at the end-users. The potential benefits for France are therefore huge as the successful high-end wine sales could ensure supremacy in correlated food products.


CI: the strategic edge for corporate Asia in times of economic turmoil

Date: July 2003

Competitive Intelligence (CI) in Asia stands as a strategic edge of decision-making tool for businesses in the course of economic turmoil. There is an evident scarcity of the CI in the region, resulting in numerous MNC's failures due towrong approaches and decisions making. Damien indicates that CI can provide better picture of the competitive environment, forewarn/prompt the decision makers about the impending threats and opportunities, as well as address the right strategies for both short and long term decision-making.

Retail Asia

Ho Chi Minh City leads the way in 'food-retail revolution'

Date: April 2003

In this article, Damien Duhamel explains how the food products distribution is the key of success as well as failure to food ventures in Vietnam. Food product distribution and retailing have been boosted especially in Ho Chi Minh City, by the boom in minimarts and supermarkets - in which the latter case is gradually changing the traditional distribution system which serves as an opportunity for both foreign MNCs and SMEs in Vietnam to safely partner with.

Asia Pacific Food Industry

Vietnam: Seize The Day!

Date: April 2003

Damien Duhamel identifies the key opportunities in Vietnam's agrifood sector and addresses the issues existed within each segment : fruits and vegetables, meat, seafood, dairy products, snack and confectionery. Several key problems being faced in the market are, among others, the lack of processing technology, lack of affordable local supply, and dire hygiene problems.

Cards Now Asia

What Business in Southeast Asia are Jumping on to the Smart Bandwagon?

Date: March/April 2002

Asia Pacific's smart card market is impressive in both terms of numbers and market share, accounting for 17% of worldwide's industry revenues. Southeast Asia is expected to see a potential growth of chip-enabled smart cards, with telecommunication and banking industries are prevalent and represent the largest medium term application. In this article, Damien Duhamel concludes that whilst the use of smart cards for loyalty schemes is getting more common in Singapore and Malaysia, it is not quite so in the rest of their counterparts in the Southeast Asia region due to the minimum adoption of this technology in the healthcare industry.


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Asean B2B Marketing & Expansion Strategy




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Damien Duhamel


Solidiance Asia Pacific
Suite 07-05
High Street Center
1, North Bridge Road
Singapore 179094