It is almost impossible to ignore all the new restaurants, cafes, businesses and shops that are being opened almost every single day in Phnom Penh.
More and more American businesses are counting themselves amongst that growing number of new shops and restaurants.
Nowhere is the influx of American businesses more prevalent than in the food and beverage sector. Businesses like Starbucks and Dominos Pizzas are some of the American businesses that have set up new branches in Phnom Penh, giving consumers a wider selection of food and beverages.
However, Cambodia is seeing more than just food and beverage companies from the US, but also major multinational corporations such as General Electric come into the country in recent years.
It seems that for some people these days, waking up in the morning is almost an impossible task without coffee. In Phnom Penh, the demand for good coffee will remain strong and steady until work itself has been eliminated.
One of the companies seeking to meet that demand is none other than Starbucks.
With five locations in Phnom Penh after only one and half years, Starbucks has not had a difficult time entering a new market already occupied by the local coffee chain Brown, as well as Costa Coffee, Gloria Jeans and Coffee Bean. Starbucks is dedicated to having a positive impact on the communities they serve – “One person, one cup and one neighbourhood at a time”, is a motto.
Starbucks is committed to creating and investing opportunities for people around the world. Starbucks is in the process of making all their products ethically sourced by the year 2020, whether those products be arabica, tea leaves, cocoa or manufactured goods. Starbucks is also dedicated to connecting young people to the skills and abilities that they require to succeed in a rapidly changing global economy.
Ranked among the Fortune 500 as the 13th largest firm in the US by gross revenue, General Electric is one of the biggest American companies to enter Cambodia. Founded in 1892, General Electric (GE) operates through 12 different segments, catering to the needs of financial services, medical devices, life sciences, pharmaceuticals, automotive, software development and engineering industries.
“There is a great talent base here that can help us.” GE’s vice-president in Cambodia said in an interview with Khmer Times. “From a country perspective, some of our newest digital technologies will be incorporated in a power project that we are doing in Sihanoukville.”
GE is hard at work on issues that are important in Cambodia, such as healthcare, aviation, transportation, power and energy. GE is committed to improving the standards of living in Cambodia and helping to advance the country through technology and innovation.
“We started off with basics. We came here first with in our healthcare business, and we had very good success with bringing affordable technologies in that would help with access,” the company’s vice-president said, “We’ve focused more recently on power generation because we understand the importance of providing affordable energy to the entire population, so we think we have a role with that.”
GE launched its business in Cambodia a decade ago in 2007, creating businesses in healthcare, industrial services and home and business solutions. GE continues to this day to help improve industry in the countr