Key factors in the growth of retail industry are economic growth, rising population, growing youth segment and rising purchasing power. Thailand retail sector is driven by rising disposable income, consumer confidence and increased high net worth Individuals. Retail market is badly affected by low GDP per capita. Liberal retail policies and removal of trade barriers and restrictions on foreign investment and linkage to World Trade Organization (WTO) are helping the retail sector growth in Thailand.
The value of e-commerce in Thailand is projected to increase by no less than 10% annually over the next five years. Authorities are now working on the e-commerce tax law draft and obtaining comments from stakeholders.
Thailand is a pioneer of eCommerce and e-Payment in ASEAN region. The national e-payment campaigns which include PromptPay, EDC Machine and QR Code, the government also implemented e-tax invoice, e-withholding tax and e-filing, it all boosted the eCommerce and Mobile retail sector. This growth will be mainly supported by government measures to shift funds to lower income people. This includes measures such as shopping tax break, welfare card, year-end shopping and SME measures.
Key digital technologies disrupting the retail sector include mobile applications, smart beacons, internet of things, artificial intelligence, as well as virtual reality and augmented reality. Retailers in Thailand are embracing the innovations to keep up with the changing consumer needs and stay competitive in the digital retailing age.
The summit will focus on “how Retailers to Succeed in the Digital Age ”, It will discuss the hot topics including Retail trends, consumer behavior, Store innovations, Next generation shopping experiences, Omni-channel Digital Operation, eCommerce in ASEAN, Big Data, CRM, Digital Marketing and so on, offer reference to retailers and brand marketers of home and abroad to help them complete digitalized transformation and gain competitiveness in the digital age.
There will be 300+ senior level decision makers from the major shopping malls, convenience stores, brand/store owners, marketing professionals, eCommerce firms and mobile platform owners to attend the event.
Thailand Retail Innovations Summit is part of Escom’s Asia Retail Innovations Series Events, one of the top retail innovation themed event brands in Asia. Onsite this summit, there will also be an exhibition and showcasing of the latest technologies and innovations available globally for retail industry. For retailers in Thailand and Indochina region, as well as the retail innovation and solutions providers, this is not-to-miss event.
Looking forward to seeing you in Bangkok!
Delegates Attending this "by-invitation only" event
Speakers & Panelists from Varies Retail Segment
Hot Topics and Themes to be addressed
All types of Retailers Participating
Media Coverages by the Media Partners
of the Participants are the Senior Level Decision Makers
Thailand Retail Technology & Innovation Summit is part of Escom's Asia Retaol Innovations Series Events which cover the whole Asia emerging markets, including China, Singapore, Thailand, Malaysia, Vietnam, Philippines and Indonesia. For more about the event please visit: http://www.asiaretailsummit.org/
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