The following businesses that were untouched before are getting all the attention now. For some, the pandemic is giving some newfound opportunities.
- Online Education
As the educational institutions cannot function physically, e-learning is the need of the hour. Online education or ed-tech is seeing a sudden rise when every nation is looking for a conventional teaching method.
- Health & Wellness
We all know how sanitizers and masks have made their way in the past few months. Also, we are noticing a lot of creativity and brand positioning around these items. Companies who were never involved in wellness products are now selling sanitizers and masks.
- NBFCs and Related Financial Institutions
Based on the issues at hand during the pandemic, unemployment and health issues will make it worse. And here financial institutions and the NBFCs have an important role to play.
Unsecured lending is something that people are likely to run after. Hence, they may need funds against the least of collaterals. Be it small to medium scale enterprises or unemployed individuals, these financial service providers will likely be the ray of hope.
- E-commerce
With social distancing and lockdown, people are turning to e-commerce and delivery based services as they provide a safe and distanced method to procure essential items. And it is also advised as the precautionary measure during the pandemic.
- SAAS and/or Remote Working Tools
With majority of the companies working from home, SAAS and remote working tools would be efficient to facilitate the on-going projects while paving the map for future endeavors.
- Online Entertainment Platforms
Be it online gaming and any OTT platforms, they have evolved as conventional ways of providing entertainment. Restrictions and bans on gaming parlors, and movie theaters or any other recreational things, the online entertainment platforms have filled the gap.
If you are looking to set-up a business in Thailand now, these may be a wise choice for you.
