Asian Insights

Thailand sees no clear path forward following inconclusive polls

• The 2023 Thai polls saw a large-scale realignment of voters disinclined towards military rule, as the reformist Move Forward was welcomed as an alternative to Pheu Thai.
• Move Forward leader Pita Limjaroenrat is attempting to position himself as a prime minister-in waiting, but the politics of coalition formation are not in his favour.

Supply chain reconfigurations gaining steam

• Evidence is mounting that firms are doubling down on plans to shift production out of China. Geopolitical risks and shifting consumer dynamics will strengthen this trend.
• Economic efficiency is being de-prioritized as firms seek to bolster resilience and security. Reshoring and near-shoring are the new modus operandi.