Industrial Sector Warns COVID-19 Outbreak is Threatening Thailand’s Exports

[snoop1130]

 

BANGKOK (NNT) - The Federation of Thai Industries (FTI) has revealed that the ongoing COVID-19 outbreak is threatening to prevent the export sector from achieving its 8%-10% growth target, as more factories become hamstrung by rising infections.

 

FTI vice-chairman Kriengkrai Thiennukul said disease transmission is affecting production capacity and will eventually hit plans to export goods. Some production lines have stopped and manufacturers are being forced to delay product delivery.

 

He said better export prospects are partly the result of the global economic recovery, driven by the two largest economies, the US and China. However, the high number of daily infections in Thailand during a vaccine shortage is causing serious concerns among people and businesses.

 

According to Mr Kriengkrai, entrepreneurs have to keep conducting COVID-19 tests or they cannot run their businesses, which is expensive. The FTI plans to send 50,000 rapid antigen test kits to their members to help them screen workers, so they can take those infected for treatment. This is part of the effort to stop the virus spread in the industrial sector.

 

-- © Copyright NNT 2021-07-20

 

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[Cake Monster]

13 hours ago, snoop1130 said:

BANGKOK (NNT) - The Federation of Thai Industries (FTI) has revealed that the ongoing COVID-19 outbreak is threatening to prevent the export sector from achieving its 8%-10% growth target, as more factories become hamstrung by rising infections.

Rising Infections was always going to be a major concern.

Without the Export revenue stream to help support the Economy, there will be some very serious knock on effects for the Country going forward.

[unblocktheplanet]

BLAME THE COUP! Thanks, Too...

[Katipo]

We have over 20% of our staff in quarantine, and the immediate hit on our capacity is of a similar level. Not good.

[CALSinCM]

If Thailand interferes with AstraZenaca's contractual obligations to other ASEAN countries by stealing vaccine supplies via export controls - Thailand's industrial export sector is going to take a hit that may break the country's export markets.  No one will trust Thailand to its contractual obligations in the export sector if it pulls the trigger on diverting AZ export to domestic distribution.

[CALSinCM]

6 minutes ago, CALSinCM said:

If Thailand interferes with AstraZenaca's contractual obligations to other ASEAN countries by stealing vaccine supplies via export controls - Thailand's industrial export sector is going to take a hit that may break the country's export markets.  No one will trust Thailand to its contractual obligations in the export sector if it pulls the trigger on diverting AZ export to domestic distribution.

I wonder if they are stupid enough to do it? 

[Cake Monster]

6 minutes ago, CALSinCM said:

I wonder if they are stupid enough to do it? 

After the revelation of the AZ letter to Anutin, things seem to have gone a wee bit quiet now.

Maybe they see that trying to court the so called new Generation Vaccine Manufacturers into Investing in Thailand would not look so good if AZ vaccines were high jacked.