OEM
OEM — or original equipment manufacturer — is defined as a company that manufactures a product that is sold to another company, which resells the product under its own brand name. Thailand as a hub for OEM services is becoming more and more prominent. The main reasons for this development are a combination of factors namely:
- Thailand is blessed with fertile lands producing top quality agricultural produce like fruits, vegetables, herbs & spices, raw sugar, teas, coffee, rubber and rice.
- Friendly, open, hospitable and outside the box thinking people with a solid history of mutual beneficiary trading.
- A unique balance between state-of-the-art technology and traditional knowledge.
- Favourable governmental laws which also created a great infrastructure with state-of-the-art seaports and airport.
- Thailand being part of ASEAN providing 660 million consumers all within 3,000 kilometres with India and China on its doorstep as well.
- Thailand having a relatively low cost but highly skilled labor force and being perceived as a fantastic place for people to stay, work, doing business, invest and retire.
