Wednesday, January 22, 2020

Logistics business to speed ahead as e-commerce market grows 

Dec 02. 2019
Siridech Kumsuprom, the dean of the College of Innovative Business and Accountancy at Dhurakij Pundit University
Siridech Kumsuprom, the dean of the College of Innovative Business and Accountancy at Dhurakij Pundit University
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By The Nation

Logistics is one of Thailand’s ten key industries as it is a new engine of growth. It was among the top five employers of workers in 2016.

The Electronic Transactions Development Agency (ETDA) said online trading hit Bt3.05 trillion, up by 9-10 per year on year.

The ETDA expects that from now until 2022, the country’s e-commerce market should grow by an average of 22 per cent, with a value of more than Bt200 billion and annual growth of 15-20 per cent. As the online market grows faster, the logistics sector will also grow, the agency said.

Siridech Kumsuprom, the dean of the College of Innovative Business and Accountancy at Dhurakij Pundit University said the logistics business is growing faster as e-commerce and online trading surges. But the government is concerned that there is a shortage of personnel in these sectors.

“In the past, people did not have trust in online shopping because they felt unsafe when filling in personal credit card information, but now they feel more confident especially as e-commerce services allow payment on delivery, resulting in the growth of this and the logistics business, as well as the demand for personnel in this field,” he said.

Siridech said learning about logistics and supply chain management involves knowledge of goods transportation as well as know-how in operating a logistics business over land, water, air and rail.

“Some students still misunderstand that logistics is mainly about shipping, but they need to learn about complete transportation, optimisation of routes, product distribution, warehouse management, and more,” he said.

“Whatever field students choose, they have to also focus on whether they will have a job if they graduate, as well as monitor future job trends,” he added.

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