Retail in Asia

In Markets

Thailand’s global business positioning

Though the worst may have passed, Thailand is still losing its competitive edge to other countries in ASEAN (such as Indonesia, Malaysia and Vietnam), as well as the twin Asian powers of China and India. For instance, AT Kearney’s 2010 Global Cities Index ranked Bangkok 36th, dropping from 22nd in 2008.

For business activities, Thailand’s ranking in AT Kearney’s 2011 Global Services Location Index dropped to seventh from fourth due mainly to increasing labour costs and uncompetitive human capital. Global manufacturers are telling us they are reducing or reconsidering their factory footprints in Thailand.

(Source: CNBC)