Some sourcing-related reading as the weekend approaches.
Ever heard of fabric that is also a virus zapper and a deodorant without the use of chemicals? Two companies in Japan, Murata and Teijin, have developed a textile with piezoelectric components that generate electricity with every movement, rendering viruses and bacteria harmless. Planned applications include sportswear, underwear, medical equipment and industrial products such as filters.
Asia remains the leading region when it comes to where apparel products are being sourced. China’s neighboring countries like Vietnam and Cambodia have been experiencing growth since 2020. Advantages in sourcing from Asia include the sourcing cost, flexibility and agility.
Despite the global pandemic, Chinese consumers’ enthusiasm for 5G smartphones shows no signs of subsiding. 21.3 million smartphones were shipped out of factories to retailers across China in February, representing a year-on-year surge of 236.6%, China Daily claims. Realme, a fast-growing smartphone brand, successfully sold 30,000 units of its latest smartphone series Realme GT in just 10 seconds during its first sales last week.
Oppo overtook Huawei to become China’s number one phone brand for the first time, earlier this year. According to Counterpoint Research, Oppo’s market share in China stood at 21% in January 2021. The company was closely followed by Vivo at 20%. Huawei, Apple, and Xiaomi had a 16% market share each. Oppo is also the largest 5G smartphone brand in the sub-$600 segment and second-largest as a whole. Huawei and its former brand Honor have been steadily losing market share due to 5G smartphone component shortages due to US sanctions.
China’s smartphone shipments nearly doubled in January 2021 versus a year earlier, showing a return to pre-COVID levels in the market.
Samsung Electronics warns of a “serious imbalance” in the semiconductor industry, signaling that a chip shortage disrupting carmakers may soon affect consumer electronics as a whole.
“There’s a serious imbalance in supply and demand of chips in the IT sector globally . . . It is hard to say the shortage issue has been solved 100 per cent,” Koh Dong-jin, co-chief executive who heads Samsung’s mobile business unit, said at a shareholder meeting on Wednesday.