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Thai export sector hit by rising shipment costs, labour shortage

Nov 27. 2020
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By The Nation

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.

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