In short, Thailand plans to be innovative and go greener for better gains. The vision is to simultaneously drive forward the bio-, circular-, and green economy. At the same time, higher up the supply chain, science agencies are transforming the manufacturing and services sectors through modern scientific methods and technology, as well as home-grown innovation. Upgrading the four areas of BCG will benefit around 17 million people working in these sectors.īCG seeks to capitalize on Thailand’s biodiversity throughout the supply chain, by strengthening the capacity of local communities and optimizing the use of new technologies. For example, in the medical and wellness sector, the base of the pyramid is traditional knowledge of herbs while the top of the supply chain is cutting-edge medicine that is a result of research and technology. The goal is to enable the base to move up the pyramid by adding value to their products. Production employing basic know-how that involves the largest group of producers forms the base of the pyramid while the higher levels of the pyramid require more sophisticated technology that less manufacturers have the capacity. Kitipong Promwong, President of the Office of National Higher Education, Science, Research and Innovation Policy Council, elaborated that each area of the BCG model is like a pyramid that resembles the supply chain in that sector.
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