The trend will impact retail shops, which must gear up to transform themselves, Mr Pawoot said. "I choose to invest in local startups seen to be the first-movers in the fields with potential for long-term growth," Mr Pawoot said. Mr Pawoot predicts that more corporate venture capital firms and large corporations will enter the market to compete with local startups. Cockroach SMEs need to have a new mindset and differentiate their products and services, not just follow the market. Mr Pawoot stresses the importance of starting a business with passion and doing it immediately without wasting time.

Source: Bangkok Post July 17, 2020 23:03 UTC