When I say ‘Asian Markets’, I’m referring not to Stock
Markets but to grocery stores, small independent businesses, specifically those
here in Thailand....
On and off for the past eighteen months I’ve lived on the
very outskirts of Bangkok in an unremarkable housing complex containing 140
single room apartments for young professionals and small families. At a little
less than £100 per month including all utilities, air conditioning, Thai cable
TV and occasional WiFi, it’s probably quite representative of affordable city
living for young Thai’s. The ground floor of the apartment complex is home to
several commercial live/work units; two small restaurants, one laundry, a
florist and two independent convenience stores, all of whom currently survive
on trade from the residents......
This is not a unique situation but something that’s repeated
in every suburb around the country. Community living where ‘community’ means
exactly what it used to mean; local people running local businesses supported
by local people, who they in turn support. Micro economies that react quickly
to market needs and survive by offering excellent personal service and by
always going the extra mile. It’s one of
the greatest reasons for living here, but it’s a situation that rapidly
changing.......
For several years these small independent stores have faced fierce
competition from major chains who have expanded into the market; 7 Eleven and
Family Mart. However, things now seem to be changing more rapidly, thanks in
the main to Tesco Lotus, the Asian arm of Tesco UK. They started with Mega
Stores, which I guess was inevitable, but now their smaller ‘Express’ stores
seem to be springing up all around us. 7 Eleven and Family Mart tend to be
franchise operations owned and operated by local people, but Tesco Lotus I fear
are not. Given Tesco’s alleged penchant for litigation, I’ll be careful with my
words, but I do fear for the future of this small community and countless others
just like it across Thailand.........
Tesco monopolising Thai grocery shopping, what
next? ..... Monsanto taking over grain production in Nepal? .... Just a thought!