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FTI urges businesses to boost efficiency as energy price continue to rise

FTI urges businesses to boost efficiency as energy price continue to rise

Today 12:28Key points summarised by AI
  • The Federation of Thai Industries (FTI) advises domestic businesses to optimize logistics and energy efficiency to manage long-term costs amidst volatile global oil prices driven by Middle East conflicts.
  • Persistent high diesel prices threaten the entire supply chain, posing severe strain on raw material transport, manufacturing, and distribution, particularly impacting vulnerable SMEs and logistics firms.
  • Businesses should implement internal cost management strategies, including adopting digital energy systems, investing in solar rooftops, maintaining machinery, and leveraging backhaul systems for logistics.
  • The FTI offers support to members for clean technology and cost-cutting, while also urging the government to provide targeted incentives like low-interest loans and tax privileges for SMEs.
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