Faced with high inflation, caused in large part by rising energy costs, manufacturers are trying to find ways to avoid increasing prices, as consumers are becoming increasingly cautious regarding their spending. This reports looks at how manufacturers are responding to inflationary pressures.
This report comes in PPT.
The Eurozone is forecast to face higher inflationary pressures over 2022-2023, largely due to rises in energy prices and potential energy supply disruptions from Russia. Any energy supply disruptions would place more pressure on the profit margins of businesses.
Reusing old parts and designs, removing accessories and offering affordable models are some of the measures manufacturers are adopting to ease inflationary pressures and avoid increasing prices.
Manufacturers are pivoting their businesses towards services and accessories, which offer higher margins, instead of raising prices.
Businesses need to continue to grow their revenues and maintain margins, and will be reluctant to absorb cost increases. Adding more features or new technology can help to mask the increase in product selling prices.
Consumer Electronics refers to the sales of Computers and Peripherals, In-Home Consumer Electronics, In-Car Entertainment and Portable Consumer Electronics to the end consumer.
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