The changing consumer demands in terms of their purchasing trends, the network of resources and distributors have also shown altered business and marketing strategies. The economy now demands expansion of the trading statistical model, which are adopted by the market players. The advent of advanced technologies and devices have shown a major impact on industries to drive the forecasts.
Top developments in the tech market that will impact the supply chain mechanism in the year 2019:
- Decreased sale of PCs and computers
The Gen Y has completely taken over Gen X in terms of realizing what technological trends are prevailing and are the pioneers of the millennials generation. In the past decade, computers have shown a huge fall in demand as the younger generation is opting more for mobile and hand-held devices. However, in the developing countries of Asia such as in India, there is still a huge scope for computers and hybrid tablets as the media consumption largely happens on desktops. The market for convertible notebooks is further paving its way into the supply chain mechanism and computers have dropped in sales especially in American and European markets.
- The popularity of mobile phones
While the computers market is still a big question mark for the manufacturers, they are very much keen on expanding their production and research investments for mobile phones. They are aware that phones are the premium smart devices for which customers are willing to spend their dollars. It is primal to understand that customers are shifting towards spending their money on something that is handy and suits all the on-demand requirements.