The following is the Uncover hidden assets in Thailand From E-commerce Report recommended by recordtrend.com. And this article belongs to the classification: Electronic Commerce, research report.
See insights released its report “e-commerce: uncovering hidden assets in Thailand.”. In an era of slowing global trade growth, it is more important than ever to find new sources of demand, while ensuring that the benefits of growth reach those who need it most.
E-commerce: the way to integrate hidden assets in Thailand
The research shows that e-commerce can promote inclusive growth by identifying the undeveloped potential groups such as small and medium-sized enterprises, businessmen outside Bangkok and hidden entrepreneurs.
Income surge, productivity increase
We found that the adoption of e-commerce increased the income of SMEs by 133% on average. For those who fully embrace digital integration (that is, online sales account for more than 80% of total sales), the growth could be as high as 369%.
They don’t have to hire a lot of salesmen to get higher sales. For those who fully embrace e-commerce, productivity has increased by more than 350%.
In addition to the increase in productivity, the average employment rate of small and medium-sized enterprises in the whole sample has also increased by 17%, and the number of employees of businesses that put profits back into the labor force has increased by 46%.
E-commerce: unveiling hidden assets in Thailand
A significant increase in household income. 82% of SMEs reported an increase in household income after the adoption of e-commerce, and more than 90% of highly digitized SMEs reported an increase.
Distance: the elimination of regional boundaries in E-commerce
Research shows that more than 80% of sellers now sell outside their own regions, compared with 45% before e-commerce.
The rise of “hidden entrepreneurs”
E-commerce also helps groups with full-time responsibilities, such as housewives, students and employees, to create other sources of income, greatly improving their livelihoods in the process.
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