News Feed
SURVEY PREDICTS YEAR’S WINNERS AND LOSERS
E-commerce, medical and beauty services will do well this year, thanks to changes in consumer behaviour for added convenience, health consciousness and better looks, according to a survey by the Centre for Economic and Business Forecasting under the University of Thai Chamber of Commerce.
Thanavath Phonvichai, director of the centre, said e-commerce would be a champion in Thailand this year due to consumers’ preference for online convenience at affordable prices and the government’s collaboration with international online giants, including Alibaba Group, Lazada and Amazon, in sales of Thai community products.
The medical and beauty sectors will trail in second place amid continued health consciousness among Thais. Other rising stars include cosmetics and skincare, technology and IT, and financial technology for the upcoming cashless society, he said.
This year’s losers will be book rental, handicraft, wooden furniture, print media and magazines, among others .
