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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SOURCE ABI Research