Thailand must get out of comfort zone amid global polycrises, CEOs warn

NationThailand-Jan 24

Focusing on learning new skills, prioritizing green technology, and smartly employing artificial intelligence (AI) would be critical for Thailand to ride out the wave of current global polycrises, two CEOs of leading companies said. Supachai Parchariyanon, CEO and co-founder of consulting and investment firm RISE, said that the world was currently experiencing polycrises, with many severe issues such as economic slowdown, high inflation, geopolitical tensions, decoupling relations, and climate change emerging at the same time. He was speaking at a panel discussion hosted by MCFIVA on Tuesday titled “How would Thailand move forward during polycrises: Lessons learned from the World Economic Forum”. He pointed out that the old school solution would no longer be effective, and countries around the world were struggling to find the right solutions that would benefit both themselves and the planet. He added that at the global level, the forum agreed to rebuild trust so that each country could work together to address the crises, including sharing technologies and experiences. In terms of country level, he noted that each country has its own context to deal with, but they all share the same key foundations for thriving, which are skilled workers, green technology, and AI. Meanwhile, Pradit Mahasaksiri, head of New Business Innovation at Denso International Asia explained that Thailand’s manufacturing sector currently accounts for 70% of the country’s gross domestic product. However, this will not be the case in the next 50 years. To advance in the AI-influenced era, the country requires new infrastructure as well as new skilled talent, he said. Read more at: https://www.nationthailand.com/business/corporate/40034983