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Thai export sector hit by rising shipment costs, labour shortage


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Thai export sector hit by rising shipment costs, labour shortage

By The Nation

 

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Thailand’s private sector is confident the global economic outlook will improve next year, said Kalin Sarasin, chairman of the Thai Chamber of Commerce.

 

However, he said the Thai export sector is facing rising shipment costs and a shortage of both containers and labour.

 

The private sector is also worried that prolonged anti-government rallies could dent consumer spending. He urged the government to seek ways to solve the political turmoil peacefully.

 

Meanwhile Thanavat Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC), expects to see the economy improve in the fourth quarter this year with reduced contraction of 4-5 per cent.

 

Source: https://www.nationthailand.com/business/30398629

 

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-- © Copyright The Nation Thailand 2020-11-27
 
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The private sector is also worried that prolonged anti-government rallies could dent consumer spending. He urged the government to seek ways to solve the political turmoil peacefully.

 

Good luck with that!

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14 minutes ago, johng said:

No mention of the "strength" of the Baht which makes exports more expensive/less competitive.


A victim of their own success firstly and secondly because of huge amounts of money printing/quantitive easing of other countries currencies resulting in devaluation. 
 

Not much they can do about it without being accused of currency manipulation. 

There are winners and losers with a high baht. Nice to see my 800,000 increasing in value and cheaper imported goods. 

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55 minutes ago, PatOngo said:

In a country of 65 plus million people?  I think a shortage of desire to work!

Perhaps driven by the fact that for many occupations the daily "minimum" wage has become the standard.

 

All over the place you see people assiduously beavering away at a wide range of occupations. What is the common streak ? They are all their own businesses.

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2 hours ago, ThailandRyan said:

Then where are all of the capital inflows coming from that are keeping the baht afloat instead of it crashing if there are fewer rxlorfs and higher labor costs. Somethings rotten here. Plus how can the economy be recovering if there is less spending.  House of cards comes to mind. 

Should say exports not rxlorfs...not sure what's occurring, I checked it before i saved it.

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4 hours ago, ThailandRyan said:

Then where are all of the capital inflows coming from that are keeping the baht afloat instead of it crashing if there are fewer rxlorfs and higher labor costs. Somethings rotten here. Plus how can the economy be recovering if there is less spending.  House of cards comes to mind. 

Yes something doesn't add up.

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5 hours ago, Natai Beach said:


A victim of their own success firstly and secondly because of huge amounts of money printing/quantitive easing of other countries currencies resulting in devaluation. 
 

Not much they can do about it without being accused of currency manipulation. 

There are winners and losers with a high baht. Nice to see my 800,000 increasing in value and cheaper imported goods. 

What cheaper imports? 

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5 hours ago, PatOngo said:

In a country of 65 plus million people?  I think a shortage of desire to work!

Exactly; 50% or more of the Male population are sitting on their haunches smoking and drinking or swinging in their hammocks whilst the Mrs works all the hours on the clock at the local market !

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5 hours ago, herfiehandbag said:

Perhaps driven by the fact that for many occupations the daily "minimum" wage has become the standard.

 

All over the place you see people assiduously beavering away at a wide range of occupations. What is the common streak ? They are all their own businesses.

Sometimes when I read statements on here I think I lived in another Thailand where children lived off their parents with no jobs, men hardly working or just enough to buy their drink for the day. I saw people hiding from the debt collectors and scraping a living day to day. Yep seen lots of drinking at the village shop all day. 

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