Vending machine business sees resurgence because of pandemic

While Bonus -19 resulted in Thailand’s general economy struggling, a few select industries actually saw some spectacular development. The merchandising machine business is booming, and with demand rising firms like Sun Vending Technology Plc (SVT) are experiencing renewed reputation. The company reported huge progress this year and is making plans to increase.
Senior vice president of SVT Pitsnu Chokwatana defined that the vending machine mannequin had a resurgence through the pandemic. With social distancing in mind, he explains, folks sought out methods to purchase products with out having to interact instantly with different people and risk infection. SVT reported 11% year-on-year progress within the first 9 months of 2021, for a total of 1.forty five billion baht in sales.
“After the bubble and seal measures were applied at factories to comprise the spread of Covid-19, our enterprise considerably improved. There can additionally be extra demand for our vending machines in varied locations as a end result of merchandising machines fit a model new normal and contactless lifestyle.”

Pitsnu explained that pre-Covid, merchandising machines accounted for around 5-10% of e-payment transactions. Now that quantity is as a lot as 50% in some places. He went on to say that the corporate wants to expand its presence from 14,600 merchandising 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 investment shall be to modernise and upgrade the company, and produce smart vending machines. The company also reviews that they are opening two new branches subsequent yr, with plans to expand further within the years to come..

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