Post-crisis opportunities awaitPochara Arayakarnkul, chief executive of Bluebik Group said Thailand's service sector has taken a serious hit from the coronavirus crisis. Businesses need to gear up for digital transformation, cost reduction, cross-industry expansion and preparation for incoming related laws as a way to speed their recovery and explore new opportunities in the post-pandemic period, says the Bluebik Group consultancy. They should turn fixed costs into variable costs, such as outsourcing services provided by external vendors, Mr Pochara said. Businesses also need to take into account data governance principles and have a business continuity plan in place. Mr Pochara said businesses that are not ready to apply technological features to their operations should ask an assistant or a consultant to help.

Source: Bangkok Post July 03, 2020 01:30 UTC