Business Management and Strategic Forecasting Lens: Navigating the Future of Indonesia's Nickel Industry

Abstract

Indonesia emerges as a critical force in the global nickel market, poised at the threshold of transformative shifts within its nickel industry. This review meticulously amalgamates academic research and industry insights to delineate the future trajectory, opportunities, and challenges of this pivotal sector. It critically examines the strategic implications of evolving market demands, particularly the burgeoning electric vehicle (EV) market, against a backdrop of environmental, technological, infrastructural, and socio-political considerations. Highlighting the sector?s vital role in both national economic growth and the global nickel supply chain, the analysis underscores the interplay between substantial opportunities and formidable challenges. These include navigating environmental sustainability, addressing societal needs, and spearheading innovations in technology and infrastructure. The variegated landscape of market demands, policy frameworks, and technological advancements signals the necessity for a synergistic approach among stakeholders, namely, government entities, industry participants, and communities to foster a trajectory of sustainable and equitable growth. In embarking on strategic forecasting for business management, this review posits that the Indonesian nickel industry?s future is not devoid of complexities. It necessitates a strategic focus on environmental conservation, socio-economic integration, and relentless innovation. Such an approach is imperative for realizing the sector's expansive potential, especially in catering to the heightened global demands from the EV sector, while promising extensive economic benefits. In essence, steering the future of Indonesia's nickel industry represents a confluence of economic, environmental, and social stewardship, pushing towards a significant contribution to a sustainable and just global future., situation handling, professionalism, expertise and devotion respectively. JEL Codes: L72, Q32, O13, G38