Audio Manufacturing and Tariff Strategies Webinar, May 6

The Audio Product Development Alliance (APDA) is hosting a new live talk to discuss the current uncertainty in global manufacturing and trade. Audio manufacturing, tariffs, challenges, and strategies to manage a business in an unprecedented and unpredictable environment are the motivation for this conversation with Ben Yeung, Executive Director and Chief Strategy Officer at Fujikon Industrial, in Hong Kong. Join the live conversation next Tuesday, May 6.

While most analysts and market intelligence firms predicted significant declines in the first months of the COVID-19 global pandemic, it seems that the global consumer electronics sector did very well, given the circumstances. According to Strategy Analytics latest report Global Consumer Electronics Market Forecasts 2014-2024, consumer electronics revenues rose 7% in 2020, reaching $358.5Bn. Home computers, tablets and games consoles led the way.

Globally, the Consumer Electronics (CE) market increased in value during 2019, adding just over $3 billion to present a worldwide total of $683 billion in trade value. Shipments across CE product categories totaled almost 4.4 billion units worldwide, representing a growth of 2.7% year-on-year. These are some of the facts published by Futuresource Consulting in its latest Global CE Market Insights and Commentary, helping to put 2020 into perspective.