VALUE THROUGH INNOVATION
RosVN3
RosVN3
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Demographics &<br />
Associated Changes<br />
& Future Proofing Response<br />
(De) Population<br />
Ageing population<br />
in Thailand and<br />
other associated<br />
changes would<br />
result in challenges<br />
in work force<br />
availability<br />
Entrepreneurial<br />
attitude is<br />
becoming<br />
dominant amongst<br />
better talent in<br />
Thailand<br />
Government<br />
of Thailand is<br />
focusing on<br />
vocational<br />
education and<br />
accordingly<br />
availability of such<br />
skills may improve<br />
Protectionism-Fragmentation of Global markets<br />
While some stakeholders felt growing fragmentation –<br />
reversal of globalization- is temporary, many more felt<br />
that forms of protectionism in commerce, trade and<br />
migration would continue.<br />
Logistic bottlenecks will ease as the<br />
Lambchobang deep sea port become<br />
fully operational. Logistic costs will<br />
increase as the fuel prices increase.<br />
Labour unions will be more<br />
accommodative<br />
Labour<br />
Labour unions will<br />
demand safety and health<br />
Future markets will be Asia<br />
facilitated further by FTA<br />
Growing protectionism vis a vis<br />
migration laws will become stricter in<br />
Thailand…..could result in immigration<br />
of labor (from Myanmar, Cambodia<br />
etc.) Immigration of skilled workers<br />
and managerial cadre will become<br />
more difficult.<br />
Ageing population in developed<br />
country markets and in some<br />
markets younger population.<br />
But fashion is becoming more<br />
uniform and hence will not<br />
impact markets<br />
Protectionism in markets would also<br />
grow…….could be beyond non-tariff<br />
trade barriers of environment and<br />
social aspect related. Opinions were<br />
divided and uncertain on how it will<br />
affect the access to ultimate markets<br />
No significant restrictions<br />
on employing LGBT and<br />
differently abled<br />
Equal Pay for Equal Work<br />
will be the norm<br />
INDO THAI SYNTHETICS SUSTAINABILITY REPORT 2016 | 54
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