Chamber chairman Phongsak Assakul said government entities must hurry to reassure the country's trading partners any time the flood waters completely recede, Thai businesses will be able to produce and export goods to customers promptly. Otherwise, those customers might start placing their orders in other countries.
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The makers prone to suffering from the flood disaster in the long run are the ones in the electrical products and electronics segments, in addition to labour-intensive sectors, that may easily move their production bases away from Thailand.
If it happens, it'll have an effect on small, and medium-sized enterprises in the supply chain, Phongsak warned. However, he believes that this automotive business will remain in Thailand, that includes a favourable investment climate.
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The export sector will have the impact from the flooding in the first quarter of pick up, considering that some manufacturers are still inside the restoration stage and do not expect to be able to resume full operations before second quarter.
Approximately the export sector pick up might find lower expansion than this year, forecast at 10 % versus the estimated 15-per-cent growth this season.
Phongsak added how the government must urgently restore flood-hit industrial parks to be able to resume production quickly. It must also quickly help SMEs restore their businesses, because they are looking for huge cash injections to rehabilitate themselves.
If you are unaware of the latest Thailand Breaking News, make sure you check these excellent reports on Thailand News and Thailand Breaking News.
Moreover, the federal government must assure foreign investors there will never be another massive flood next year, he said.
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If you are unaware of the latest Thailand Breaking News, make sure you check these excellent reports on Thailand News and Thailand Breaking News.
The makers prone to suffering from the flood disaster in the long run are the ones in the electrical products and electronics segments, in addition to labour-intensive sectors, that may easily move their production bases away from Thailand.
If it happens, it'll have an effect on small, and medium-sized enterprises in the supply chain, Phongsak warned. However, he believes that this automotive business will remain in Thailand, that includes a favourable investment climate.
If you are unaware of the latest news make sure you go through Breaking News and Hot News.
The export sector will have the impact from the flooding in the first quarter of pick up, considering that some manufacturers are still inside the restoration stage and do not expect to be able to resume full operations before second quarter.
Approximately the export sector pick up might find lower expansion than this year, forecast at 10 % versus the estimated 15-per-cent growth this season.
Phongsak added how the government must urgently restore flood-hit industrial parks to be able to resume production quickly. It must also quickly help SMEs restore their businesses, because they are looking for huge cash injections to rehabilitate themselves.
If you are unaware of the latest Thailand Breaking News, make sure you check these excellent reports on Thailand News and Thailand Breaking News.
Moreover, the federal government must assure foreign investors there will never be another massive flood next year, he said.
18 1Email0
Latest stories on this category
CPF to promote 'CP' as being a global food brand
* CPF to advertise 'CP' as being a global food brand
* In bid to market the CP brand, Charoen Pokphand..
* Draft of broadcasting master plan ready for..
* Flood effect on supply chain worries chamber
We Recommend
If you are unaware of the latest Thailand Breaking News, make sure you check these excellent reports on Thailand News and Thailand Breaking News.
Who would be the lucky ones?
* That happen to be the lucky ones?
* The sign the Yingluck Shinawatra government..
* Returning Thaksin's passport 'would be illegal'
* Time for long-overdue reform of outdated..
Comments conditions
Users are solely accountable for their comments.We reserve the legal right to remove any comment and revoke posting rights unconditionally withou prior notice.
I’m sure the destruction from the flooding in Thailand is still being felt globally. There is a lack of parts for hardware components all over the world after numerous industrial zones were annihilated and hurt by the unrelenting waters. And if the so called experts are correct it’s most probable that it’s going to wallop us again over here in Thailand.
ReplyDeleteWe are still demanding damages from the government for the last lot to get our production started again and we are just praying that we don’t have to go through it all again. Our company lawyer Thailand is urgently trying to find ways we can claim back as much as possible but it’s a bit of an uphill struggle at the moment.
The other industrial zones are all in Ayuthaya which is the first place that gets hit most years but the mismanagement amongst the various agencies made it impossible to get accurate information. Let’s hope that this year the proper management will be done.
When there is a calamity definitely we are facing food scarcity or shortage, because it really affects are supply due to destruction.And usually the target damages are the source of our food supply.But then as a member of the UN there are other country who are likely to helps us to provide what people needs and also the Government who are saving a budget/funds for the nation like as this moment.
ReplyDeletePanasonic DMC FH25K