Warehouses thrive as e-commerce booms

With an improving pandemic outlook, the logistics and warehouse sector is continuing to grow, mainly attributed to robust e-commerce business and rising demand from the electronics and automotive industries following the country’s reopening.

Thanapol Sirithanachai, country chief executive of Frasers Property (Thailand) Plc (FPT), said electronics and automotive businesses were adding factory space to serve growing exports and demand, which should be boosted by an economic recovery.

“Many e-commerce and logistics firms adjusted their strategy and shifted to local warehouses,” he said. “With growing demand for built-to-suit warehouses, we delivered many projects in the first quarter and have many more to construct until year-end.”

In the first quarter of 2022, the pandemic drove demand for warehouses and logistics from both e-commerce business and short-term…