Agribusiness

Agribusiness is the most potential sector to drive Thailand economic growth in 2020s

Agribusiness (Agriculture & food) industry is the oldest industry in Thailand employing about 30% of the country’s labor force.

However, the economic growth is slow seeing from GDP contribution keeps declining (only 8-10% of total GDP).

The key issues that this industry is facing are

1) Low productivity of production,
2) Rising labor cost,
3) Price fluctuation among low added value products (raw crops or primary processed food).

To drive Thailand’s sustainable growth, we need to boost up Thailand strength, agriculture & food industry, by following solutions

1) Penetrate more technology to increase production productivity,
2) Add value to products i.e. differentiate products or create better customer journey
3) Enter high-value market (i.e. collagen, drug ingredients) by adding innovation and collaboration to other domestic & international players

LiB Consulting with international expertise could provide supports from strategy to implementation, i.e. the best practice of operation improvement, the new business formation based on multi-industry and international benchmarks.

Lean by Cost controlling programme

To continue business under stagnated economy and prepare to create next growth, it is essential to keep cost under control to maintain profitability and competitiveness in a rapidly changing environment.

LiB Consulting has the expertise to diagnose cost structure, plan and implement cost reduction without negative impact to revenue. We can cut off unnecessary indirect cost, design lean manufacturing workflow, and optimize labor cost in order to increase profitability and create sustainable growth.

Create next growth by New S-curve strategy

The coming trends of ageing society and slow population growth would limit some business growth. In addition, the entrants from domestic and international companies also accelerate the competition in the market.

New S-curve strategy is critical for players in the market at the mature to declining phase. LiB consulting with multi-industry and international expertise could provide the big picture and future scenario of the industry, and apply several international benchmarks & success cases to get more potential options for new business.