The delivery services sector in Thailand is set to experience a surge in competition following SF Holding’s acquisition of shares in Kerry Express (Thailand). The move is poised to equip Kerry Express with a wider range of services and the potential for greater application of artificial intelligence (AI) technology, thereby boosting its competitive position.
Shippop, a logistics aggregator, anticipates a continued growth of the express parcel delivery market in Thailand until 2024, driven by the array of online selling platforms and the consumer trend towards online purchases. Consequently, the market’s value is expected to surpass 100 billion baht (US$2.9 billion) by the end of 2024, marking a 12% increase from 2023. The market value for 2023 is forecasted to reach 96 billion baht, a 13% increase from 2022.
On January 2, Kerry Express notified…
