Approaches to Mitigate Economic and Trade Disruptions for Thai Businesses

Abstract

Considering the increasing frequency and severity of global disruptions, businesses must adapt their supply chain structures to remain competitive and resilient. This study examines how Thai companies implement flexibility and risk mitigation strategies in their supply chains to navigate uncertainties caused by economic shifts, trade barriers, and geopolitical challenges. Through a combination of quantitative surveys and qualitative interviews with business leaders and supply chain professionals, the study identifies key approaches such as supplier diversification, digital technology integration, and agile logistics practices. The results suggest that businesses with more robust risk management frameworks and flexible supply chains are better equipped to mitigate the impact of external disruptions. Additionally, the study emphasizes the importance of adapting supply chain models to incorporate sustainability and environmental concerns, which are becoming increasingly critical in global supply chains. The findings provide valuable insights for Thai businesses and policymakers to develop strategies that strengthen resilience against future disruptions.