Effective visibility and supply planning tools essential to
consumer electronics companies as shifts occur and regulatory
stringency rises
NEW YORK, May 14, 2024 /PRNewswire/ -- Shipments of
smartphones and tablets will remain unimpressive but steady over
the coming years, while smart appliances will see strong growth,
marking a 34.9% CAGR to 2030, according to global technology
intelligence firm ABI Research. While shipment growth
remains mixed, major consumer electronics vendors are making
significant changes to their supply chains, diversifying their
supplier base to mitigate against disruption, and implementing new
technologies to meet product circularity regulations.
"Consumer electronics companies are rethinking their supply base
and how they deliver products to consumers. Heavy reliance on
contract manufacturing in China
has forced companies like Apple and Samsung to diversify, with
growing investment in Vietnam and
India. As companies also develop
and expand their presence in new markets, many are focusing efforts
on their E-Commerce offerings to support direct-to-consumer models
and ride the significant growth of online retail in the consumer
electronics sector," states Ryan
Wiggin, Senior Analyst at ABI Research.
Consumer electronics has one of the highest, often the highest,
online retail penetration levels compared to other retail segments.
For several advanced economies, sales made online for consumer
electronics as a percentage of overall sales are expected to
surpass 50% by 2030, with some countries, including the U.S., U.K.,
South Korea, and China, surpassing this level in the next three
years.
Diversifying supply and improving the last mile while
maintaining lean inventory requires effective planning software.
Solutions providers such as Kinaxis, Siemens, and RELEX
Solutions support companies at the manufacturing and retail
ends to gain better insights into their supply, accurately assess
demand, and manage upstream and downstream product flows.
"Under countries and regions strategies to achieve a more
circular economy, sectors that use the most resources and where the
potential for circularity is high are of primary focus. Consumer
electronics, ICT, and batteries fall directly into this category,
putting consumer electronics brands under the spotlight of regional
authorities. Developing more granular asset tracking is becoming
essential to ensure compliance and ensure that reverse logistics is
leveraged to improve the re-supply of products, ultimately
maximizing profitability," concludes Wiggin.
These findings are from ABI Research's Consumer Electronics
Supply Chain: Market Trends and Regulation report. This report
is part of the company's Supply Chain Management and
Logistics research service, which includes research, data, and
ABI Insights. Based on extensive primary interviews, application
analysis reports present an in-depth analysis of key market trends
and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm uniquely
positioned at the intersection of technology solution providers and
end-market companies. We serve as the bridge that seamlessly
connects these two segments by providing exclusive research and
expert guidance to drive successful technology implementations and
deliver strategies proven to attract and retain customers.
ABI
Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research's services, contact us
at +1.516.624.2500 in the Americas, +44.203.326.0140 in
Europe, +65.6592.0290 in
Asia-Pacific, or
visit www.abiresearch.com.
Contact Info:
Global
Deborah
Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
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