Southeast Asia’s largest conglomerates have traditionally been viewed as the backbone of the region’s economy. However, a recent report by global consulting firm Bain & Company indicates that this model is facing significant challenges. Specialized competitors are encroaching on their markets, and many of these corporate giants are finding it hard to stay competitive. The question now is whether Asia’s major conglomerates need to reinvent themselves — and if they can. Andrea Heng and Susan Ng discuss this with Amanda Chin, Partner at Bain & Company.