6 Asian Pacific countries in top 10 to be the next rival to Silicon Valley #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40005403

6 Asian Pacific countries in top 10 to be the next rival to Silicon Valley


COVID-19 has rapidly accelerated new ways of working, but the world’s ‘technology hubs’ are here to stay, according to new research from KPMG, although they may not be in Silicon Valley.

When many offices and downtown areas locked down early in 2020, entire workforces shifted to remote-working, with some employees leaving major cities to find more space at a lower cost, among other factors. But tech leaders believe the industry’s future success will rely on a balance between physical workspace and greater flexibility.

More than 800 industry leaders were surveyed for the latest KPMG Technology Industry Survey. 39% believe ‘hub’ cities including London, Singapore, and Tel Aviv will continue to play a vital role, enabling talent to coalesce and collaborate in communities with a solid digital infrastructure. Only 22% believe hubs are no longer important. The findings echo earlier research from the 2021 KPMG CEO Outlook pulse survey, which revealed 78% of tech leaders have no plans to downsize their physical footprint and only a quarter (26%) expect to hire predominantly remote talent in the future.

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Alex Holt, Global Head of Technology, Media and Telecommunications at KPMG, said:

“The success of the technology sector has outpaced most other industries during COVID-19, with many companies growing significantly since the start of the pandemic. This has advanced the perception that creativity and innovation can now happen literally anywhere as collaboration has gone more virtual and more global. However, a company still needs to be able to innovate, and the KPMG Technology Innovation Hub reveals that physical workplaces and innovation hubs remain a key component of technology companies’ strategies, although they may not be located around Silicon Valley.

“Engineering talent and intellectual property are the lifeblood of the tech industry, and retaining top talent is a strategic imperative. Employers know this and are striving towards flexible work arrangements, including permanent hybrid workforce models. As the workforce disperses geographically, new hotbeds of technically skilled workers will emerge.”

Industry insiders were also asked to rank cities around the world, outside of Silicon Valley, that they believe will flourish as technology innovation hubs in the next four years. The cities making the top 10 all had strong ecosystems in place before the pandemic, enabling them to emerge stronger – and potentially provide a real challenge to Silicon Valley – as the world prepares for a post-COVID recovery.

There are a few movers to note in the top ten from last year’s survey. Seoul, ranked eight last year, dropped out of the top ten to tie for fourteenth this year while, Austin and Seattle, ranked eleventh and twenty-fourth respectively last year, moved up to share tenth spot in 2021.

Interestingly, six of the top ten cities in the ranking are from the Asia Pacific region. Darren Yong, Asia Pacific Head of Technology, Media and Telecommunications at KPMG, commented:

“We are seeing Asia take a leading position in innovation across the world and as highlighted in this report, more than 50 percent of these top innovation hubs are based in this region. Asian cities will continue to be a hotbed of creativity and we expect even more activity as organizations invested in Asia look to further disrupt business models to capture the world’s largest consumer population.”

While Silicon Valley is known as the dominant region in global technology, only one third of leaders feel strongly that it will maintain its long-term innovation leadership position with an equal number believing it won’t.

Alex Holt added:

“To the respondents that previously answered that physical hubs are very important, KPMG asked what the likelihood is that the technology innovation center of the world will move away from Silicon Valley to another location in the next four years. One-third (32 percent) feel strongly that Silicon Valley will maintain its leadership position over the next four years but interestingly, the same number also strongly believe it won’t. Companies of different size have slightly divergent views on this. Thirty-eight percent of large technology enterprises think Silicon Valley will keep its leadership position but only 27 percent of small/start-up companies feel this way. Mid-market companies are in the middle at 32 percent.

“What’s apparent from our research is that tech leaders are listening to their people and shaping policies and views on their future strategies based on the needs and aspirations of their workforce and the benefits and challenges different working models create. The industry has a reputation for being at the forefront of new ways of working, and it’s my view that COVID-19 has simply accelerated that sense of innovation and progressive change. There is no one-size-fits-all approach and we’re already seeing some industry divergence. While there are some big unanswered questions about long-term workforce models, the sector seems to be embracing the opportunity to build a truly hybrid structure, combining the thriving ecosystems of tech hubs with the agility, balance and access-to-talent that remote working offers.”

*Top 10 cities seen as leading technology innovation hubs over the next four years (outside Silicon Valley/San Francisco)

Published : August 28, 2021

AstraZeneca vaccine over 80% effective against severe disease, death after first dose, study shows #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40004236

AstraZeneca vaccine over 80% effective against severe disease, death after first dose, study shows


The AstraZeneca/Oxford University vaccine against Covid-19, Vaxzevria, has been found to be effective against severe disease or hospitalisation caused by the Beta and Delta variants.

Real-world data from Canada shows 82 per cent and 87 per cent effectiveness after one dose of the vaccine against hospitalisation or death caused by the Beta/Gamma and Delta variants respectively.

The effectiveness of the AstraZeneca jab after one dose against hospitalisation or death was similar to that of other vaccines tested in the study. The follow-up time was not enough to report on its effectiveness after two doses, though other studies have shown increased effectiveness after two doses.

Vaxzevria was also found to be effective against milder symptomatic infection, though data was collected after the first dose. Vaccine effectiveness against any symptomatic disease was 50 per cent against Beta/Gamma variants and 70 per cent and 72 per cent against the Delta and Alpha variants respectively.

Trials carried out by the University of Oxford in the UK and the University of the Witwatersrand in South Africa in January showed limited efficacy against mild disease primarily due to the Beta variant. The study was unable to properly ascertain vaccine efficacy against severe disease, including hospitalisation and death, given that the subjects were predominantly young, healthy adults who only experienced mild symptoms.

Mene Pangalos, executive vice president of research and development at BioPharmaceuticals, said: “With different variants threatening to disrupt our route out of the pandemic, this real-world evidence shows that Vaxzevria, along with other vaccines used in Canada, provides a high level of protection against the most serious forms of the disease, even after just one shot. It is essential that we continue to protect as many people as possible in all corners of the world in order to get ahead of this deadly virus.”

The analysis included 69,533 individuals who tested positive for Covid-19 between December 2020 and May this year in Ontario, Canada. Of the subjects, 28,705 (6.8 per cent) tested positive for non-variants of concern and 40,828 (9.7 per cent) were positive for a variant of concern.

Vaxzevria, formerly AZD1222, was co-invented by the University of Oxford and its spin-out company, Vaccitech. It uses a replication-deficient chimpanzee viral vector based on a weakened version of a common cold virus (adenovirus) that causes infections in chimpanzees and contains the genetic material of the Covid-19 virus spike protein. After vaccination, the surface spike protein is produced, priming the immune system to attack the SARS-CoV-2 virus if it later infects the body.

The vaccine has been granted a conditional marketing authorisation or emergency use in more than 80 countries across six continents. More than 700 million doses of the vaccine have been supplied to 170 countries worldwide, including more than 100 countries through the Covax facility.

Published : August 05, 2021

By : THE NATION

Nation Multimedia Group steps up with free Moderna jabs for employees #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40003871

Nation Multimedia Group steps up with free Moderna jabs for employees


Shine Bunnag, chairman of Nation Multimedia Group (NMG)s executive committee, has announced that 1,200 doses of Moderna mRNA vaccine will be provided for free immunisation of all NMG employees, under a budget of about 2 million baht.

The vaccine doses will be procured through Prince Suvarnabhumi Hospital, while NMG will bear all expenses. The company considers it has a social responsibility to provide the free shots, which it said will help strengthen immune systems in the fight against the Covid-19 crisis.

NMG has also launched continuous relief missions for people suffering under the impact of the pandemic. Among them are the “Nation Kitchen” project to set up a kitchen to prepare food boxes for affected people, the “Nation Sharing Kindness” activity to donate survival bags and, most recently, the “Bringing Hearts to Home” project to deliver boxes of relief supplies directly to households.

Published : July 28, 2021

By : The Nation

An open letter from AstraZeneca #SootinClaimon.Com

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An open letter from AstraZeneca


An open letter to the people of Thailand

Dear friends in Thailand,

As AstraZeneca’s representative here, I see the challenges that all of us across the country face in the battle against COVID-19 and want to explain what we are doing to help.

The rising number of confirmed COVID-19 delta cases in Thailand concerns all of us at AstraZeneca. We are in constant contact with the Department for Disease Control on the virus’ evolving impact and on how we can help the national vaccination programme.

I want to assure you that for us, there is no higher priority than manufacturing vaccines that can protect you and your loved ones, as fast as possible.

We will leave no stone unturned.

Our vaccine is a ‘biologic’ product that starts with growing ‘living’ ingredients. Its manufacturing is complicated. The number of doses in each ‘harvested’ batch is never completely certain, especially in the early stages of a new supply chain. Even with that context, our projections show that in months with uninterrupted manufacturing we can supply five to six million doses in Thailand.

By the end of July, we will have delivered 11.3 million doses, as part of our overall commitment to deliver 61 million to Thailand. As of now, we have delivered nine million doses, with 2.3 million to be supplied to the Ministry of Public Health next week.

We are delivering in the fastest possible timeframe, however, given the gravity of the delta variant, we are leaving no stone unturned to accelerate supply further still. Together with our manufacturing partner, Siam Bioscience, we have initiated efforts to optimise the manufacturing process and we believe that in months with good ‘harvests’, we will be able to deliver more.

We are also scouring the 20+ supply chains in our worldwide manufacturing network to find additional vaccines for Southeast Asia, including Thailand. A global supply crunch for COVID-19 vaccines and shortages of the materials and components required to produce the vaccine, make it difficult to provide certainty today, but we are hopeful of importing additional doses in the months ahead.

An open letter from AstraZenecaAn open letter from AstraZeneca

COVID-19 is the biggest public health crisis of our generation. We at AstraZeneca see it as our duty to help, and thousands of our employees, and those of our partners, have devoted their lives this past year to do so. We do this at no profit during the pandemic because we believe that’s the right thing to do. The immediate needs of the pandemic are too large for us to take on alone, but we will not rest until you are vaccinated.

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Our battle against COVID-19 is shared.

Since the start of the pandemic, you have shown the true heart and strength of Thailand. Polling suggests that over one third of the people in Thailand have donated money, food or supplies to support one another. We have witnessed remarkable solidarity within the community and across provincial borders. The battle against COVID-19 has been a marathon, but the one thing that will bring us closer to the finish line is running this race together, not just in Thailand but also internationally.

We in Thailand face an upsurge in cases today. Our brothers and sisters across ASEAN experience new lockdowns and rising fatalities also. New data from Canada shows that one dose of our vaccine is 87% effective against hospitalisation or death caused by the delta variant. The vaccines made in Thailand are of critical importance to our neighbours as much as they are to us here.

We share the same goal. To end the pandemic, we need to manage virus levels everywhere. As the virus ignores borders, the acceleration of COVID-19 in neighbouring countries is a threat to us in Thailand. This fight can only be won if we act together.

Yours sincerely,

James Teague

Managing Director, AstraZeneca Thailand

Published : July 24, 2021

By : THE NATION

Taiwanese businesses raise THB2.5m to help victims of chemical inferno #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40002953

The Taiwanese business community in Thailand raised 2.5 million baht to help those who have suffered from the factory blast and ensuing chemical fire in Samut Prakan’s Bang Phli district.

The fire, which was sparked in the early hours of Monday in the Taiwanese-owned Ming Dih Chemical factory, damaged many houses in the vicinity, injured several people and killed a 19-year-old firefighter.

The Taiwan Business Association on Wednesday handed over the cash, 12,000 N95 masks, 48,000 medical masks and12,000 bottles of drinking water to Samut Prakan governor Wanchai Kongkasem and provincial police chief Pol Maj-General Chumphon Phumpuang.

Herbert Hsu, deputy director-general of the Taipei Economic and Cultural Office in Thailand, said the Taiwanese business community wanted to express condolences and salute the bravery of Kornsit Laophan, who lost his life helping others.

Of the 2.5-million-baht donation, 300,000 baht will be given to the family of Kornsit, 10,000 baht each to the 30 people who sustained serious injuries and 5,000 baht each to the 30 people who sustained minor injuries. The remaining 1.75 million baht and other necessities will be distributed among migrant workers living in the vicinity.

In a statement issued on Tuesday, Ming Dih Chemical Co said it will be responsible for all reimbursements based on the result of an investigation and the company’s headquarters will also send staff to Thailand to follow up on the situation.

Published : July 07, 2021

By : The Nation

NMG CEO makes merit to mark The Nation’s 50th year #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40002730

NMG CEO makes merit to mark The Nation’s 50th year


Thailand’s leading media firm, Nation Multimedia Group (NMG), marked The Nation’s 50th anniversary on Thursday (July 1) by holding a merit-making event attended by senior management and a limited number of guests.

“Over the past 50 years, ‘The Nation’ [now Nation Thailand] has grown from an organization into an institution, producing many generations of quality media personalities and transforming from print media to television and online media. Of course, we have suffered many changes and crises, from the Tom Yum Kung debacle in 1997 to the Hamburger Effect and the latest Covid-19 outbreak,” said Chai Bunnag, CEO of NMG.

“However, despite the many problems, I am determined to carry on with a strength to lead the Nation Group, moving in the right direction to stand by society as well as take care of my employees and the community. I, as an organisation’s leader, am ready to push from all dimensions to make NMG a centre of wisdom, creativity, stability and strength.

“I thank and encourage NMG’s employees for their dedication and hard work in keeping the costs low, so the group’s 2020 operating results showed profit. As a reward for their dedication, we have decided to pay our full-time employees a month’s bonus.

“Finally, the management and staff from all departments want to thank our readers, viewers and business partners for their trust and belief in the organisation. Even though the times have changed, our vision has remained the same. Our DNA is to serve as public media with strength, determination, creativity to society and people,” he said.

The Nation Multimedia Group includes Nation TV, Nation Thailand, Bangkok Biz, Kom Chad Leuk, Thansettakij, Spring News and Thai News.

Published : July 02, 2021

By : The Nation

Thailand sows seeds for plant-based food revolution #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40002627

Thailand sows seeds for plant-based food revolution


Thailand’s plant-based food industry is tapping climate trends in a bid to become a global leader in ethical and environmentally friendly food.

Plant-based food or “fake meat” is hailed by the United Nations as one solution to climate change that is being driven by the global meat and dairy industries.

These two industries pump out 30-40 per cent of all global carbon emissions and cause biodiversity loss as small-scale farms are converted to industrial agriculture.

Krungthai Compass Research Centre estimates that profits from Thailand’s plant-based food industry could rise from the current 2-10 per cent per year to 10-35 per cent by 2024, with an estimated total market value of THB45 billion. It said the forecast is driven by strong domestic demand for plant-based meat, meal and egg products. The research house cited over $3 billion (THB95.9 billion) invested by bioengineered food start-ups in Thailand in 2019.

Thailand sows seeds for plant-based food revolutionThailand sows seeds for plant-based food revolution

Helping drive Thailand’s global ambition for plant-based food is NR Instant Produce Plc (NRF). Under its motto “Food For Future”, NRF is a leading producer of plant-based food, seasoning, instant food and vegan dishes sold with eco-friendly packaging and the “V” logo.

Dan Pathomvanich, the company’s CEO, says NRF is fighting global warming with food that promotes sustainability thanks to a low-carbon manufacturing process.

“The company has invested in technology to create the next evolution of food,” he said. “We aim to increase food processing efficiency, productivity as well as quality of raw materials and ingredients to create food products that are not only delicious but also promote consumers’ quality of life under the UN’s Sustainable Development Goals.

NRF is Thailand’s first food company to be awarded Carbon Neutral Certification for two consecutive years, said Dan. Other company initiatives to reduce carbon emissions include working with partners to install solar panels on their factories and urging farmers to cut their use of chemicals to minimise the environmental impact, he added.

NRF has also been working with the Agriculture and Cooperatives Ministry to plant 26 million rai of forest by donating 3 per cent of its dividend to the project, said Dan.

The company has a 10-year plan to build plant-based food factories in Thailand, the United States, Europe, South America and India in the next 10 years with a budget of THB5-7 billion.

“We hope that in the next three years we will be able to increase our plant-based food output by 100,000 tonnes,” said Dan.

Consuming 100,000 tonnes of plant-based meat instead of real meat would reduce carbon emissions by 330,000 tonnes, he added.

In its mission to make Thailand a manufacturing hub of alternative protein, NRF has joined the World Economic Forum and established a non-profit affiliate called “Root the Future” to persuade people to switch from meat to plant-based food. A year after launching, Root the Future now has more than 30,000 followers and content seen by 4.4 million viewers per week. NRF has also joined the Global Compact Network Thailand (GCNT), a sustainability network under the UN United Nations with more than 13,331 member organisations from 165 countries working to achieve the Sustainable Development Goals.

“The biggest challenge when introducing a change is to create awareness among stakeholders, such as chemical manufacturers and distributors,” said Dan. “After all, it is human nature to start seeking solutions only after a problem occurs.”

“Modern investors can no longer consider only the profits, they have to think about the environmental impact as well,” he added. “NRF is proud to be an agent focusing people’s minds on environmental concerns. We also hope that NRF will one day become the first carbon negative company in Thailand.”

Thailand sows seeds for plant-based food revolutionThailand sows seeds for plant-based food revolutionPlant-based food industry in Thailand

– Profit projected to rise from 2-10% to 10-35% by 2024

– Estimated market value in 2024 of THB45 billion

– Average annual growth forecast at 10%

Products with potential in Thai market

– Plant-based meat

– Plant-based meal

– Plant-based egg

*** Start-up companies in bio-engineered food invested more than $3 billion in Thailand in 2019.

Source: Krungthai Compass Research Centre

Published : June 30, 2021

Autobacs gunning to become Thailand’s No 1 car-servicing brand #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40002599

Autobacs gunning to become Thailand’s No 1 car-servicing brand


Japan’s Autobacs is aiming to be the top car-service brand in Thailand, has been known to Thais for around 20 years since its first branch was established in Thailand.

Japan’s Autobacs is aiming to be the top car-service brand in Thailand, by increasing its branches and adding more services for customers.

Autobacs has been known to Thais for around 20 years since its first branch was established in Thailand. However, initially boasting only 10-12 branches, its fame did not spread across the whole country.

The turning point for the brand came in 2014, when PTG Energy (PTG) bought a stake in the parent company, Siam Autobacs. PTG currently owns 76.52 per cent of Siam Autobacs shares.

PTG executive vice-president Rangsun Puangprang said the car-service business has a long future, while Autobacs is a market leader in Japan and is also well received in Thailand.

Mr. Rangsun Puangprang Autobacs - Present Director // PTG - Executive Vice PresidentMr. Rangsun Puangprang Autobacs – Present Director // PTG – Executive Vice President

Rangsun added that PTG is able to improve Autobacs thanks to its strength as a big fuel retailer in Thailand. PTG also has a network of filling stations across the country, as well as reliable alliances, especially in the auto sector.

“We have a huge customer base, considering the 18 million holders of PT Max Cards [the PT filling station card]. It is advantageous for us to stage campaigns or point-collection activities” he said.

The executive vice-president also said that Autobacs’ network of branches must be extended to promote growth of the brand among competitors.

Autobacs currently has 16 branches, with another four about to open. By the end of this year, there will be 30 branches, if the Covid-19 situation in Thailand improves, Rangsun added.

Turning to the virus situation, he mentioned that the market was normalising at the end of 2020 but is now frozen by the current outbreak in 2021. “However, PTG believes in this market in the long term. The total number of Autobacs branches will reach 250 to 300 within 4 or 5 years,” he added.

Autobacs gunning to become Thailand’s No 1 car-servicing brandAutobacs gunning to become Thailand’s No 1 car-servicing brandRangsun said promotion of the Autobacs brand will get a boost, while service quality and variety will also be improved.

“We plan to adapt Autobacs for the changing situation. For example, people are now avoiding leaving home due to Covid-19, so we will provide mobile servicing at their home,” he explained. “Also, we plan to tap several target groups, including women, people who don’t have enough time to take care of their cars, and those who need to control their expenditure.”

Another service PTG will offer under the Autobacs brand is pre-ordering of decoration parts from Japan.

Rangsun concluded that work on expanding Autobacs will run continually, with the aim of making the brand well-known among customers and a top brand in Thailand within the next 3 or 4 years.

Published : June 30, 2021

Global Compact Network Thailand joins forces with “CEOs” to elevate business plan setting targets to reduce greenhouse gas emissions #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40002560

Global Compact Network Thailand joins forces with “CEOs” to elevate business plan setting targets to reduce greenhouse gas emissions


• Global Compact Network Thailand joins hands with three CEOs of its leading members to share their visions for global sustainability during the UN Global Compact Virtual Leaders Summit 2021, hoping to drive the private sector to implement UN Sustainable Development Goals along with their business plans. Specifically, the business are urged to set targets for reducing greenhouse gas emission.

Global Compact Network Thailand (GCNT), a local network of UN Global Compact in New York, co-hosted UN Global Compact Virtual Leaders Summit 2021. This year CEOs of three leading Thai business organizations reflected on Thailand’s sustainability leadership and global transformation. Global warming was on the top of their agenda. The year 2021 is an important moment to drive the world towards net zero goal in support of the Paris Agreement, which aims to limit the rise of the world’s average temperature within 1.5 degrees celsius. In addition, the key messages shared by the top Thai CEOs are in line with the main objectives of GCNT, which aims to be the sustainability network working with key stakeholders to change the world during “A New Era of Action” as declared by the United Nations.

Ms. Thanyaporn Krichtitayawuth, Executive Director, Global Compact Network Thailand, said that Thailand has been honored for the second year by the UN Global Compact to co-host a global panel discussion with leading CEOs of Thai businesses. They have participated in 3 key sessions. Starting from the opening plenary of the Summit, Mr. Suphachai Chearavanont, CEO of Charoen Pokphand Group (C.P. Group) and Chairperson of Global Compact Network Thailand joined the high-level discussion, “Light the Way to Glasgow and Net-Zero: Credible Climate Action for a 1.5°C World.” Mr. Dan Pathomvanich, CEO of NR Instant Produce Public Company Limited, participated in the discussion, “A New Era of Action, Accelerate Climate Action: Raising Business Pathway to Decarbonization ” to combat climate change and add business solutions to reducing greenhouse gas emissions. Mr. Ho Ren Hua, CEO of Thai Wah Public Company Limited, participated in a plenary discussion on, “SDG Ambition: Mobilizing Ambition for Corporate Actions Towards the Global Goals.” The three leading Thai organizations reflected on the potential of the Thai business sector to make a difference in terms of sustainability on a global scale. They are an example of business organizations adopting Sustainable Development Goals (SDGs), have a clear and concrete plan, especially on climate change, with measurableoutcomes.

Mr. Suphachai Chearavanont, CEO of C.P. Group and Chairperson of Global Compact Network Thailand said that to reduce greenhouse gas emissions, we must start by raising awareness of the current unsustainable consumption patterns such as the long-standing overconsumption of natural resources, resulting in global warming. Being in the agri-food and retail businesses, C.P. Group works with more than 100,000 stakeholders and partners to manage our supply chain. Most importantly, we raise awareness of our more than 400,000 employees to pursue the same objective in sustainable business practices.

Over the next ten years, C.P. Group will draw from renewable energy for our 1,600 MegaWatts of energy need. At the same time, the Group aims to drive waste disposal, especially the food waste, in the entire process to zero.

He also urged all stock exchanges and the governments throughout the world to require all companies to report on their progress towards zero emissions. Such reports will help make the net zero by 2050 goal obtainable and tangible when the entire private sector races towards the same goal. Moreover, he stressed the importance of upgrading our educational system to include not only lessons on digital technology but also sustainability as part of the curriculum.

Mr. Dan Pathomvanich, CEO of NR Instant Produce Public Company Limited noted that NRF aimed to turn the world into carbon-free through changes in the food system. NRF aspires to become the world’s largest producer of plant-based protein and food. The company is going to build the world’s largest production network. From international brands, the network connects to start-ups, to supermarkets, to sustainable transition to low-carbon food production. The NRF’s priority is to manage its supply chain by conveying a clear policy from the CEO to the middle management and even the workers at the sourcing office. This will help ensure that the products’ quality meet the company’s standards.

He also pointed out the main challenge in the food business: Transition from agricultural production based on chemicals to non-chemical and bio-farming. Doing so will reduce the emissions of greenhouse gas in itself.

“COVID-19 has transformed the supply chain. Everyone wants to be healthy. Everyone wants clean food and wants it “NOW.” To fulfill people’s needs will drive the sector to overhaul its business plan towards sustainability and transform companies to become those of the 22nd century,” Mr. Dan said.

Mr. Ho Ren Hua, CEO of Thai Wah Public Company Limited, said that sustainability is part of Thai Wah’s core vision and its strategy on “Developing innovation and sustainability from farm to shelf.” The implementation of its strategy with all stakeholders throughout the value chain fits under 4 pillars: Farm, Factory, Family, and Food.

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Thai Wah is about to launch a new product this year: innovative and eco-friendly packaging. It is made of biodegradable plastic from tapioca starch, which, in addition to being 100% biodegradable, non-toxic and harmless, can help reduce greenhouse gas emissions. Thai Wah will be Thailand’s first pioneer of tapioca biodegradable plastic and aims to become one of the leading regional bioplastic manufacturers as part of its organization’s long-term reduction in greenhouse gas emissions. The company currently reviews the organization’s emissions report, which is expected to be completed by the second half of this year.

Thai Wah works with various partners, from research institutions, leading universities, and startups to develop prototypes of products that cater to customers as well as create economic values to society and the environment. “Sustainability cannot be created by one person but must be done through collaboration of all parties, both inside and outside the organization. Such collaboration will contribute towards innovation in no time, and of course, it is much better than working alone.” Mr. Ho Ren Hwa concluded.

Thailand Greenhouse Gas Management Organization (TGO), a public organization under the Ministry of Natural Resources and Environment, is responsible for supporting the reduction efforts of greenhouse gas emissions in Thailand. According to Mr. Kiatchai Maitriwong, Executive Director of TGO who also participated in the Leaders Summit, the TGO data indicated that companies in Thailand even further reduced their emissions to help alleviate climate change despite the COVID-19 pandemic. In 2020, 193 companies received carbon footprint certifications. Many companies have also undertaken projects to compensate for their carbon emissions. TGO collaborates with GCNT in technical areas to help companies set goals, audit and certify their emission reductions based on international standards.

Ms. Thanyaporn concluded, “Global Compact Network Thailand, in line with the UN Global Compact in New York, strongly encourages Thai businesses to seriously consider setting significant and measurable scientific targets in order to reduce greenhouse gas emissions. We all should take this as a new business opportunity. Global Compact Network Thailand will support Thai businesses in their efforts while driving the achievement of the UN Sustainable Development Goals.”

Published : June 29, 2021

Outsourcing Insights in the COVID Era #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40002460

Outsourcing Insights in the COVID Era


Outsourcing ultimately offers business owners great advantages. The process allows them to build a team of skilled professionals without adding the expense of full-time employees, additional office space and equipment.

Outsourcing Insights in the COVID Era

Whilst the term disruption has been synonymous to the rise of new business trends and/or industries, COVID-19 has been one of the most disruptive events in a generation; and the impact

is still being felt, not only throughout the global economy, but also across the large number of outsourcing relationships in place. In addition to COVID-19, businesses today are facing a rapidly evolving landscape, including regulatory changes, continuous advances in technology, and the adoption of more sophisticated approaches by authorities. These 3 challenges are causing businesses to rethink the appropriate mix of in-house and external resources in efficiently managing essential operational processes with visibility, flexibility, transparency, and control.

Outsourcing ultimately offers business owners great advantages. The process allows them to build a team of skilled professionals without adding the expense of full-time employees, additional office space and equipment. With outsourcing, business owners and senior management can focus attention and resources on their company’s core competencies and spend their time setting new goals and finding ways to achieve them. The findings from Deloitte’s 2020 Global Outsourcing Survey reveal companies are embracing disruptive technologies, as Cloud and automation continue to be driving forces for change. However, amongst all the emerging disruptive trends, the fallout from COVID-19 is signaling a return to basics: shoring up value and driving down costs, with a renewed focus on risk management.

The key themes from our survey findings are as follows:

1. Cost reduction is back on top

2. Cloud & Robotics Process Automation (RPA) are now “table stakes”

3. Agility is critical

Whilst clients talk about scalability, agility, technology enablement and innovation, COVID-19 has brought cost reduction back on the table and hence the focus back to the numbers. Our survey respondents indicated it is easier to measure the impact on cost than it is to articulate the benefits of scalability and technology enablement. Our survey results show a clear progression in the adoption of RPA through outsourcing. The primary motivation seems to have shifted with most interviewees (two-thirds) citing cost savings as the major driver for RPA adoption, whereas previously it was never “top of mind.” Nevertheless, RPA adoption is not just about cost reduction. It can also free up the workforce to focus on more strategic issues. Doing so can lead to greater employee and customer satisfaction, with subsequent improvements in enterprise value.

Outsourcing creates tremendous opportunities as compared to core traditional in-house business models, as it enables businesses to create a pool of additional funds, from the elimination of expenses from non-core activities. Thus, businesses are enabled to free up resources and can shift their focus to core business operations and innovation, whilst non-core functions can be outsourced. Having a large pool of outsourced “on-demand” talent means companies can rapidly scale their workforce without the need to hire additional full-time employees and increase their overheads and their investment in office space and equipment. Using outsourcing creates new opportunities and makes better use of existing talent that helps employers get the most out of their current workforce. Certain auxiliary tasks that are outsourced, allows in-house talent to focus on more strategic activities and projects that better leverage their skill sets, knowledge, and abilities and truly generate results. Similarly, for every employee that is not hired to perform a support function, more budget is available to hire revenue generating employees.

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As organizations continue to be challenged in dealing with the prolonged impact of the pandemic with agility, outsourcing will still be an enabler of business transformation. Whilst the digitization agenda has become imperative across all sectors, clients are seeking partners who can help elevate the way they do business, enable them to be more flexible, help them leverage the latest technologies and improve their overall speed to market. Working with an experienced outsourcing provider helps companies overcome productivity challenges, streamline operations and add additional resources that may be lacking in-house. From sales to recruitment to operations, outsourcing provides an unlimited amount of opportunities to help your business work smarter. Advances in technology have helped forward-looking companies to benefit significantly from outsourcing services for quite some time now. This is particularly relevant for small to medium-size enterprises, who simply lack the financial and other resources for in-house auxiliary departments like finance and tax.

Further to saving time and money which usually garner all the attention, outsourcing certain back office functions allows access to the latest technology and systems, as well as leading practices. It keeps organizations and departments agile as they face more complex business challenges and increasingly more regulated business environments. Outsourcing to the experts can help businesses not only remain compliant without having to worry about how they will comply with each new legislation, it also equips businesses to be agile as they respond to new business trends. Above all, Outsourcing will help businesses remain competitive and relevant in their industries.

Outsourcing remains an essential tool for client organizations to support their strategic goals. Requirements constantly evolve (even more so due to the COVID-19 pandemic) and the industry continues to support with both established and new solutions.

Published : June 25, 2021