Logistics Market in Thailand 2022
This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. The TPSO estimated that Thailand’s logistics industry was the fourth largest industry in the country’s service sector, generating economic outputs during the first half of 2021 of approximately US$ 12.2 billion, accounting for 5% of gross domestic product. Number One in Contract Logistics DHL Supply Chain, part of the EUR 56.6bn DPDHL Group, is the world’s leading contract logistics provider. Combining value-added and management services with traditional fulfilment and distribution, our customized, integrated logistics solutions drive efficiency, improve quality and create competitive advantage. DHL Supply Chain offers specialist, proven expertise within the Automotive, Consumer, Chemicals, Energy, Engineering & Manufacturing, Life Sciences & Healthcare, Retail and Technology sectors. As today’s global markets grow, our innovative logistics solutions are ready to help.
บริษัทขนส่งสินค้าภาคตะวันออก with a head office located in Bangkok, Thailand. The holding of BROS Holdings Co., Ltd, we are formed to meet varied logistics needs our customers, along staffs who well-known board ranges Traffic and expertise, has made as your … The other one is inland transportation logistics, full services on freight forwarding, customs clearance, packing, warehouse.
Emerging local leaders in fast-growing countries have been successful at IPOs, which are a way to raise money to invest in the expansion of the business and optimize operations. While raising money from private equity certainly remains an attractive option, there may be some advantages to going public. First, as companies are required to meet stringent standards and undergo strict audits as part of the due-diligence process, IPOs instill greater confidence in investors and customers and open up more funding options at later stages and at cheaper rates. Second, there is a low risk of losing control, as the company is drawing from a larger pool of shareholders rather than one or two investors.
For small and medium enterprises , this means greater convenience and a quicker process to deliver to their consumers, at much lesser cost. Central Group, Aden, DHL Express Thailand, Kerry Express, Lazada, Pomelo, and Shopee, are some of the major e-commerce and logistics companies in the country. Additionally, the air freight handled at Thai airports is significantly increasing, owing to the on-going demand created by e-commerce.
The database of the Trade Policy and Strategy Office , under Thailand’s Ministry of Commerce, showed that around 20,200 companies were registered in the Thai logistics sector as of August 2020. More than half of these were active in road and rail transportation, with 7,900 in warehouses and related activities and approximately 800 each in maritime shipping and delivery services. Our report provides extensive information on the value chain analysis for the logistics market in Thailand, which vendors can leverage to gain a competitive advantage during the forecast period.
The logistics services industry can generate income while offering GDP growth to Thailand alike in the tourism industry. With a geographical advantage, Thailand has the potential to become the regional air and multi-modal transport hub. Effectively, we have a better competitive advantage than other countries in the region. Thailand will register the highest growth rate of 100% among the other regions. Therefore, the logistics market in thailand market in Thailand is expected to garner significant business opportunities for the vendors during the forecast period.
One of the key challenges to the Thailand logistics market growth is the increased lead time and supply-demand imbalance. More than half of the shipper companies surveyed in 2021 by Infosys Consulting saw at least one-fourth reduction in supply chain operations due to the COVID-19 pandemic. The transport and logistics distribution networks are being disrupted due to the supply-demand imbalance, the lack of last-mile fulfillment services, and labor shortages