Charoen Pokphand (CP) Group, a renowned Thai conglomerate, has planned to temper its investment activities in the current year. The group’s CEO, Suphachai Chearavanont, has indicated that this strategic shift is driven by the desire to reap the benefits from previous years’ investments.
Suphachai voiced concerns over several global risk factors anticipated to lead the agriculture sector into a stagnation cycle, a phenomenon typically observed every five to seven years in commodity businesses. Nevertheless, he assures that the group will maintain its expenditure on vital areas such as digital transformation, innovations, and e-commerce ecosystems.
Since 2023, CP cut down on a part of its investment, while simultaneously sustaining outlays in certain sectors, Suphachai remarked.
Suphachai further highlighted that 2024 will be a year of rigorous control given the global…
