Retail Industry in Thailand News

Related General Retail Industry News

• In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
• In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

• February 2024: DFS Group partnered with Douyin Life Service, a short video platform in China. The partnership aims to improve international travel retail shopping experiences.
• June 2023: DFS entered a strategic partnership with Ctrip Global Shopping and Unipay International. These partnerships aim to strengthen digitalization in the travel retail market.

• In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
• In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

• In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
• In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.

• July 2024: BASF introduced Tinuvin NOR 211 AR to assist film producers and converters worldwide in addressing the challenges of plasticulture, which involves the use of plastic materials in agricultural applications. This product provides an effective solution for agricultural plastics exposed to high levels of UV radiation, thermal stress, and inorganic chemicals frequently used in crop management and disinfection processes.
• April 2023: Berry Global Group Inc. expanded its film manufacturing facility in Tennessee to meet the growing demand for its high-performance, sustainable stretch films. The expansion included space for three new cast lines, an upgrade to the facility's existing post-industrial resin (PIR) reprocessing system, and an extension of its rail spur for resin material handling.

• September 2024: Metron, a global frontrunner in cellular-based smart metering and water intelligence, unveiled two groundbreaking products: WaterScope Utility, an analytics app designed to optimize frontline operations in intricate municipal water systems, and the Metron Spectrum Wave, a state-of-the-art ultrasonic smart meter that marries versatility and durability with top-tier data capture capabilities.
• July 2024: Genus Power Infrastructures Limited (Genus), a frontrunner in smart meter technology boasting a vast installation base of smart electricity meters, has achieved a significant milestone by successfully shipping its Smart Ultrasonic Water Meters DN20 to Australia. This shipment underscores Genus's strategic expansion into water management solutions. The advanced meters, featuring LoRa communication technology, facilitate remote monitoring and management, heralding a significant leap forward in smart water distribution.
• May 2024: Oakter unveiled its latest innovation, the OAKMETER, a state-of-the-art smart energy meter. Leveraging advanced technologies like Advanced Metering Infrastructure, real-time data analytics, and Internet of Things (IoT) capabilities, Oakter’s Smart Meter establishes a two-way communication link with utility servers through internet connectivity. This sophisticated setup detects tampering and ensures real-time data transmission every 15 to 30 minutes. Additionally, it identifies outages and allows users to monitor their energy consumption directly from mobile devices.

• December 2023: Leading renewable energy provider Scatec ASA closed the first 60 MW of the Mmadinare 120 MW Solar Complex and announced that it was on track for the start of construction of the first utility-scale solar project in Botswana.
• November 2023: Teraco, South Africa’s largest data center provider, completed an expansion of its Durban facility, bringing the total area of space to 5,800 sq. m (62,430 sq. ft). Teraco’s Durban facility opened in 2011, providing 1 MW across 600 sq. m (6,460 sq. ft). In 2018, another expansion was announced, adding 1,000 sq. m (10,765 sq. ft) of white space to the site, bringing the total space to 2,000 sq. m (21,530 sq. ft).

• November 2023: Phat Dat Real Estate Development Joint Stock Company and Military Commercial Joint Stock Bank (MB Bank) signed a comprehensive cooperation agreement with the purpose of financial sponsorship for investors and customers. The sponsored project is the Thuan An 1 and 2 high-rise housing complex with a scale of 4.47 hectares, located in a prime location right in the central area of Thuan An City, connected to many large industrial clusters in Binh Duong. The project completed its legality with an investment of more than VND 10,800 billion, including apartment products, shophouses, and townhouses.
• June 2023: The world's largest contract electronics maker and assembler, Foxconn, received approval from Vietnam to invest USD 246 million in two new projects in the northern province of Quang Ninh.