E-commerce growth stuntedThailand posted its smallest e-commerce growth on record during the third and fourth quarters of 2021, attributed to tepid consumption and the reopening of physical shops, says SET-listed Kerry Express Thailand, a major parcel delivery service provider. "In the previous two quarters, Thailand and Southeast Asia witnessed the slowest e-commerce growth in history," Alex Ng, chief executive of Kerry Express Thailand, told the Bangkok Post. Thanawat Malabuppha, chief executive of shopping search engine Priceza and president of the Thai E-Commerce Association, said the country's e-commerce growth in 2022 is expected to be lower than last year because of a decline in purchasing power, inflation and a hike in utility charges. Vincent Yang, chief executive of JD Central, an e-commerce player, is still optimistic about the country's e-commerce outlook, despite an economic slowdown and a decline in purchasing power. The average basket size for JD Central doubled the average for the e-commerce industry, he said.

Source: Bangkok Post January 17, 2022 10:20 UTC