Vending machine business sees resurgence thanks to pandemic

While Guilt-free -19 resulted in Thailand’s overall economic system suffering, a number of choose industries really noticed some spectacular development. The vending machine business is booming, and with demand rising companies like Sun Vending Technology Plc (SVT) are experiencing renewed recognition. The firm reported huge development this year and is making plans to broaden.
Senior vice chairman of SVT Pitsnu Chokwatana defined that the vending machine mannequin had a resurgence in the course of the pandemic. With social distancing in mind, he explains, individuals sought out methods to purchase products without having to interact instantly with different individuals and threat an infection. SVT reported 11% year-on-year progress within the first 9 months of 2021, for a complete of 1.forty five billion baht in sales.
“After the bubble and seal measures had been utilized at factories to comprise the unfold of Covid-19, our enterprise significantly improved. There can also be extra demand for our merchandising machines in various locations because merchandising machines fit a model new normal and contactless way of life.”

Pitsnu defined that pre-Covid, merchandising machines accounted for around 5-10% of e-payment transactions. Now that quantity is as a lot as 50% in some places. He went on to say that the company wants to increase its presence from 14,600 merchandising machines to twenty,000 by 2023. The majority of these machines will be put in factories and logistics centres. According to the Bangkok Post, SVT is planning to spend 640-680 million baht on this project. Much of this investment might be to modernise and upgrade the company, and produce sensible merchandising machines. The company additionally stories that they’re opening two new branches subsequent yr, with plans to increase further within the years to come..g

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