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The Business of Team Building In today’s competitive global economy, employee retention has become as critical as revenue growth. Team building is no longer just a feel-good activity arranged by HR—it has evolved into a multi-billion-dollar global industry, valued at $3.7 billion in 2024 and forecast to surge to $22.8 billion by 2032. In this Trends episode, host David Barrett sits down with David Fotheringham, Director of Asia Ability Teambuilding, at the IT&CMA and CTW trade show in Bangkok. Together they explore how structured team-building interventions are transforming workplace culture, boosting morale, and delivering measurable returns on investment. What You’ll Learn in This Episode of Trends: – Why businesses are embracing team building as a strategic tool for productivity and retention. – How Asia Ability, a founding member of the Catalyst Global network, innovates with programmes spanning icebreakers to thousand-person experiences. – The role of AI-driven formats like “AI Hit Factory” and “AI Breaking the News” in reshaping corporate learning and engagement. – Real-world case studies, including global roll-outs for leading tech giants. – Why scepticism can turn into enthusiasm when employees discover the energy, connection, and collaboration these activities create. 🔑 Key Takeaway: Companies with high levels of employee engagement enjoy 21% higher profitability and 59% lower staff turnover. The right team-building strategy isn’t just entertainment—it’s a core business tool. 🎶 From samba percussion sessions with 1,500 delegates to AI-powered creative workshops, Asia Ability proves that innovation and collaboration can scale globally while keeping authenticity intact. 🚀 Whether you’re a CEO, HR leader, or event organiser, this episode is your guide to understanding how the team-building industry has shifted from “nice-to-have” to a $22.8 billion engine of corporate productivity. Watch now and discover why the future of business growth lies in building stronger, more connected teams. #TeamBuilding #EmployeeEngagement #FutureOfWork #CorporateCulture #TrendsInterviews