Vending machine industry sees resurgence because of pandemic

While Covid-19 resulted in Thailand’s total economic system suffering, a quantity of choose industries actually noticed some spectacular growth. The vending machine business is booming, and with demand rising corporations like Sun Vending Technology Plc (SVT) are experiencing renewed popularity. Expert reported massive development this 12 months and is making plans to expand.
Senior vice president of SVT Pitsnu Chokwatana explained that the vending machine mannequin had a resurgence through the pandemic. With social distancing in thoughts, he explains, folks sought out ways to buy products with out having to interact directly with other people and risk infection. SVT reported 11% year-on-year development in the first 9 months of 2021, for a complete of 1.forty five billion baht in gross sales.
“After the bubble and seal measures had been utilized at factories to contain the spread of Covid-19, our enterprise significantly improved. There can be extra demand for our merchandising machines in varied locations as a end result of vending machines fit a new normal and contactless way of life.”
Pitsnu defined that pre-Covid, merchandising machines accounted for round 5-10% of e-payment transactions. Now that quantity is as a lot as 50% in some locations. He went on to say that the company wants to increase its presence from 14,600 vending machines to 20,000 by 2023. The majority of these machines might be put in factories and logistics centres. According to the Bangkok Post, SVT is planning to spend 640-680 million baht on this challenge. Much of this funding might be to modernise and improve the corporate, and produce good vending machines. The company additionally reports that they are opening two new branches next yr, with plans to increase further within the years to come back..

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