Tirlapur, From what I've read so far, Thailand has recovered fully from the floods in the manufacturing areas. The recovery in the general economy is ongoing and the full benefits of the fiscal stimuli injected by the government haven't completely kick in so there are upside opportunities.
With most of Europe wrapped up in depressing austerity measures it is a breath of fresh air to see Thailand positively investing and consuming on all fronts and growing itself out of a tough situation. I wish Europe would do a bit more of this.
I agree, the tourism business will not suffice to provide good living conditions for all the Taiwanese population and it is an imperative that they find other revenue sources. Good for them they have well recovered from the flood disaster.
Thailand is the 20th most populous country of the world hence it has a large human resource pool. Therefore, relying solely on tourism wont help the cause so government is rightly, not content with the dependancy on tourism.
Its always good to hear about about role of ASEAN countries in electronics industry as many of their contributions are overshadowed by the likes of Japan and China. It needs to appreciated that efforts are being made to diversify the supply-side of electronic components. However, its more important to take flood-prevention measures as these can hamper the growth process year in year out.
"So it shows that for Thailand , the electronics industry is slowly becoming its backbone industry"
@Prabhakar: I think it greatly shows the commitment of the government and their dedication towards improving the economy through the electronics industry. Although tourism has a major share in Thailand's economy, the government is not content with it. They want to see the electronics industry growing and lifting the economy.
I also had similar questions about how the prices of disks and memory will be affected now that the crisis after flood is over. Since disks and memory are primary components in many other finished electronic products, we may also see a dip in their prices if disks and memory become cheaper.
Ii is really commendable that Thailand which was a country only known for its beaches , food and the popular Thai massage is now emerging as a Electronics manufacturing hub.
When somebody's daily bread depends upon something , the strength to fight against all odds automatically comes. So it shows that for Thailand , the electronics industry is slowly becoming its backbone industry.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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