SMEs warned to avoid risk
To prevent future risk, Thai small and medium-sized enterprises (SMEs) should integrate supply-chain and logistics management into their business operations, say experts.
Speaking at a seminar entitled "SME Logistics Day" held by the Federation of Thai Industries in cooperation with the Small and Medium Enterprise Promotion Office, ML Nattakorn Devakula, host of an economics show on Channels 5 and 11, warned SMEs to be concerned about both local and international risk factors. He predicted a high tendency towards war between the United States and Iran, which would lead to a hike in world oil prices and fluctuations in global economies. The US stock market would consequently plunge and the US dollar weaken. All of these factors would directly affect US exporters. Meanwhile, political uncertainty in Thailand remains, said Nattakorn, adding that Thai SMEs should therefore practise a variety of risk management in their business operations. Krizz Chantijiraporn, adviser to a logistics project for SMEs under the supervision of the Industrial Promotion Department, said firms should manage their risk through financially hedging and finding new markets. A variety of supply-chain management techniques is also needed, especially for agricultural products.
Watcharapong Thongrung The Nation
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