RETAILING
Consumer patterns set to change
- Published: 19/01/2011 at 02:16 AM
- Newspaper section: Business
Retailers and manufacturers should adjust themselves to cope with dynamic changes in consumers over the next five years propelled by strong farm prices and Chinese investment, say retail experts.
Sompop Manarungsan, the president of Nonthaburi's Panyapiwat Institute of Technology, said the country's economy would grow by 4-5% this year, with key drivers being rising local consumption and the rallying stock market.
"Most of the increase will come from grassroots people earning more from higher crop prices for casava, palm, rubber, maize and sugarcane," he said.
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About the author
- Writer: Pitsinee Jitpleecheep
- Position: Business Reporter
