|
Thai Exporters and SMEs Must Adapt To Fight Back
Against Volatility in the Global Situation
A wave of conflict has spread across the globe, particularly the struggle between the US and Israel in alliance to attack Iran, causing turmoil in the Middle East and worldwide...
It's noticeable that since Donald Trump took office with the slogan "American First," his measures to pressure trading partners through increased import tariffs have caused disruption and forced trading partners worldwide to adjust their trade strategies.
This has been followed by intervention in various countries in terms of governance, trade, and many other areas, resulting in countries targeted by Trump's intervention facing various problems.
Furthermore, there have been displays of military might using land, sea, and air weapons to control and destroy opposing countries.
It was unforeseen that in the digital age, both traditional and high-tech conflicts would occur simultaneously, with the use of missiles, drones, and other weapons causing damage to innocent civilians worldwide.
No matter how prolonged this conflict may be, Thai SMEs and startups must continue to move forward. Adapt Quickly to Combat All Forms of Crisis
Even with high oil prices, transportation delays, and many other factors affecting trade and business, there are opportunities in every crisis. Thailand is a leading producer of agricultural products, food, processed agricultural products, herbal medicines, and traditional and modern medical care globally.
Therefore, the food, processed agricultural products, pharmaceutical, and renewable energy businesses will be the heroes in combating global volatility and human-induced fluctuations.
Adapting and adopting a self-sufficient lifestyle, following the example of His Majesty King Bhumibol Adulyadej (Rama IX), is another option for us Thais to sustainably overcome the crises and hardships of war, epidemics, climate change, global warming, and economic stagnation...
|