Inflationary pressure easing in Asia, boosting sales of consumer technology
AI In-Brief
Thailand News in Brief
Thai PBS World
Thailand and the world, every day
AI can make mistakes. Please double-check.
Inflationary pressure easing in Asia, boosting sales of consumer technology
13 Sept 12:16Key points summarised by AI
Asia Pacific's Technical Consumer Goods (TCG) market anticipates stability and revenue growth in 2023, driven by easing inflationary pressures and consumers seeking value.
To thrive, TCG brands must prioritize agile inventory management, strategic pricing, product innovation (smart devices, premiumization), and effective marketing.
Strong growth is evident in Indian and Southeast Asian markets, particularly in photo and gaming sectors, boosted by post-pandemic tourism recovery and increasing online sales.
Sustainability emerges as a critical trend, enabling brands to attract environmentally conscious consumers and potentially justify premium pricing.
Future growth in 2023 will be supported by a recovering tourism sector, reduced transportation costs, and China's economic reopening, fostering opportunities for product innovation and differentiation.
Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.