Introduction Company profile The headquarters for Speedpac is at Northampton. The company has a policy of providing better-quality services in the management and distribution of products in both the local and intercontinental market. Speedpac has successfully come up with innovative approaches which have increased international market penetration. The priority of the company is to satisfy clients by increasing flexibility and value by providing well-timed deliveries leading and increased productivity. Our employees are competent; furthermore, the required technical expertise is resourceful at work. This ensures that our clients receive superior and pleasing service (Speedpac, 2010). Speedpac’s chief responsibility is to aid in the storage and sharing of products from small and large entrepreneurship firms. The company stores goods for various companies in large warehouses dotting several cities in the world. It handles the distribution of products of hundreds of clients who sign annual contracts. The management has employed reliable members of staff who have the ability to spot new location opportunities through which it can expand (Speedpac, 2010). The company meets the individual needs of its customers by maintaining and recruiting fresh graduates from different qualification fields. The employees employ their skills to ascertain that the products being distributed are genuine, spot new location opportunities and advise clients on where best their products can be distributed (Speedpac, 2010). Extensive knowledge in the distribution industry coupled with experience ensures work requirements and objectives are met. This ultimately makes Speedpac the ideal business partner when it comes to storage and distribution. Future prospects of the company The company is presently concerned with opening a branch in Thailand. An analysis of the area shows that a distribution company being set up in the region will improve our service delivery and create a network with Thai- based organizations. Extensive PEST analysis has been done in Thailand to determine the feasibility of expanding our international markets in the region (Thamvorapol, 2004). Thailand has been identified as an ideal location to continue with the internationalization of the company’s business. The public domain resources provided the necessary information to determine whether Thailand is the ideal spot for expansion of our dominantly American-African based company. Economic analysis of Thailand Thailand, formally known as the kingdom of Thailand, has a population of around six million people with a 0.5% growth rate (Thamvorapol, 2004). The country is endowed with natural resources such as fish, natural gas and timber. The economy experienced a rapid growth since the eighties before facing a recession in the late nineties. Policy reforms that opened the Thai market to international trade raised the economy growth in the eighties. Domestic investment and savings were boosted, therefore encouraging outside investment. The industry slowly expanded motivating the populace to shift from agriculture to the manufacturing industry. Despite the decline of agricultural growth, the manufacturing sector increased the growth of servi