This report surveyed industry experts on how they are trying to reinvent the business and shared their plans to move production away from China.
According to industry professionals, the COVID-19 pandemic has had a positive impact on the consumer electronics industry. The positive impact on sales is anticipated to continue in 2021.
Industry experts identify that in 2021 their companies are moving towards premium and digital commerce. The COVID-19 pandemic led to the growth potential of e-commerce.
Industry is increasing focus on young and urban consumers.
More than half the respondents from industry businesses claim that their companies are using or planning to use products or services that integrate with third-party smart assistants.
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