The Federation of Thai Industries (FTI) has urged domestic factories and businesses to optimise their logistics and energy efficiency to manage long-term costs, warning that ongoing Middle East conflicts continue to cause high volatility in global oil prices.
FTI Chairwoman Pimjai Leeissaranukul stated on Thursday that market uncertainty remains elevated due to geopolitical tensions and maritime safety risks, particularly around the crucial Strait of Hormuz.
She expressed confidence in the government's energy reserves and supply management capabilities to meet domestic demand, but warned that prolonged high diesel prices could severely strain the entire supply chain, impacting raw material transport, manufacturing, agricultural machinery, construction and distribution.
Small and medium-sized enterprises (SMEs) and logistics firms operating on thin margins are particularly vulnerable.
Because global oil prices are beyond Thailand's control, Pimjai urged businesses to focus on internal cost management. Suggested measures include adopting digital energy management systems, investing in solar rooftop installations, maintaining machinery and leverage backhaul systems in logistics to eliminate empty return trips.
She added that the FTI’s Renewable Energy Institute is ready to assist members with clean technology, audits and cost-cutting evaluations.
Furthermore, she called on the government to offer targeted incentives for SMEs, such as low-interest loans, tax privileges and subsidies for energy-efficient machinery and storage technology.
