UK-Thailand trade | Thailand’s e-commerce-driven recovery | The Ultimate B2B E-commerce Guide

Posted on 15/04/2021 by DHL Express

UK and Thailand commit to strengthening trade ties

Having carried out a Joint Trade Review (JTR) over the last year, highlighting priority trade opportunities on both sides, the UK and Thai governments have signed an agreement, committing to further cooperation and strengthening their trading relationship.

International Trade Secretary, Liz Truss, said the aim is to “forge new partnerships that will boost our economy, create jobs, increase wages and bring prosperity to our people as we build back better, stronger and greener from COVID-19.”

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Can e-commerce boost Thailand’s economic recovery?

With travel restrictions in place to tackle the Covid-19 pandemic, Thailand has seen its visitor arrivals fall by 83% in 2‍0‍2‍0. As an economy usually dependent on its tourism, businesses have had to embrace the digital space in order to minimise the impact of lockdown restrictions. This has seen a record 81% growth rate in e-commerce sales.

To continue advancing this already growing sector, the Thai government is aiming to develop their digital infrastructure and promote a greater digital knowledge amongst the public, to help businesses enhance their online presence.

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DHL Express uncovers next wave of e-commerce growth

By 2‍0‍2‍5, 80% of all B2B sales interactions between suppliers and professional buyers will take place in digital channels. That is according to the latest whitepaper from DHL Express “The Ultimate B2B E-commerce Guide: Tradition is out. Digital is in”.

The study looks into how the B2B e-commerce market will grow by 2‍0‍2‍5, how the impact of the Covid-19 pandemic on digitalisation and the purchasing behaviour of tech-savvy millennials has affected B2B e-commerce growth, as well as the challenges that some sectors will face when operating in the new B2B e-commerce environment.

Click below and download the whitepaper to find out everything you need to know about the future of B2B e-commerce.

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