Happy Friday! Here are some sourcing and trade-related links for your enjoyment and edification, selected by the Global Sources analyst team.
Washington’s technology cold war with Beijing has resulted in strategic decoupling, prompting manufacturing supply chains to shift to new locations. India finds itself well positioned to absorb these supply chains. But the country will not succeed unless it can overcome its main systemic challenges that have hampered earlier efforts to grow the manufacturing sector and encourage technology sourcing from overseas.
In a new paper from the Hinrich Foundation, Alex Capri seeks to find out whether India in the 21st century will emerge as a global technology manufacturing hub amidst a major paradigm shift driven by techno-nationalism.
New research shows that consumers care deeply about wellness—and that their interest is growing. McKinsey estimates the global wellness market at more than $1.5 trillion, with annual growth of 5 to 10 percent. A rise in both consumer interest and purchasing power presents tremendous opportunities for companies, particularly as spending on personal wellness rebounds after stagnating or even declining during the COVID-19 crisis. At the same time, the wellness market is getting increasingly crowded, creating the need to be strategic about where and how companies compete.
Casting a wider net, Samsung is complementing its premium smartphones with new affordable handsets, including the Galaxy A32 5G priced at $280, the A12 at $180 and the A02s at $110. These phones, plus the $499 A52 5G and the midranger A42 5G, are all debuting this April on the US market.
Is it always the case that bigger is better? Wuling’s HongGuang Mini EV, which features a compact cabinet with only 4 seats and without any trunk space, outsold the bigger rival Tesla’s Model 3 in global sales for January, even though it is only available to buy in the PRC. The company has also looked into the possibility of expanding overseas. Nonetheless it remains to be seen if Chinese-made EVs can ultimately win the heart of consumers from the rest of the world.