While Covid-19 resulted in Thailand’s total economy struggling, a couple of choose industries actually saw some impressive progress. The merchandising machine enterprise is booming, and with demand rising companies like Sun Vending Technology Plc (SVT) are experiencing renewed reputation. The company reported massive progress this year and is planning to broaden.
Senior vice chairman of SVT Pitsnu Chokwatana defined that the vending machine mannequin had a resurgence during the pandemic. With social distancing in mind, he explains, folks sought out ways to purchase merchandise with out having to work together immediately with other individuals and danger an infection. SVT reported 11% year-on-year progress within the first 9 months of 2021, for a complete of 1.45 billion baht in gross sales.
“After the bubble and seal measures were applied at factories to comprise the spread of Covid-19, our enterprise significantly improved. There can also be extra demand for our merchandising machines in numerous areas because vending machines fit a new normal and contactless way of life.”
Secret defined that pre-Covid, merchandising machines accounted for round 5-10% of e-payment transactions. Now that quantity is as much as 50% in some places. He went on to say that the company desires to broaden its presence from 14,600 vending machines to twenty,000 by 2023. The majority of those machines might be put in factories and logistics centres. According to the Bangkok Post, SVT is planning to spend 640-680 million baht on this venture. Much of this funding will be to modernise and improve the company, and produce smart vending machines. The company also reviews that they’re opening two new branches next year, with plans to increase further in the years to come..