Sourcing-related reading, selected by the Global Sources content team.
Find out the top five tech products in the wish list of adults in the US in the Consumer Technology Association’s latest market research. The 28th Annual Consumer Technology Holiday Purchase Patterns report details projections on consumer spending on products and services in the last quarter of 2021. “The surge in consumer spending on tech is being fueled by the ongoing value people find in these products and services, even amid a pandemic,” said Lesley Rohrbaugh, director of market research for CTA.
Good news for those into fitness boxing! Get ready to throw those punches as Boxx brings body-sized punching bag workouts to the living room. Available in a cotton mix or with vegan leather covering, this punching bag can be moved easily throughout the home and tucked away when not in use. It takes up only half the space of a spin bike and one-third the space of a treadmill.
Designed to take a beating, it comes with a Bluetooth tracker that is built into the gloves and is used to measure count, speed, power and direction of every punch, as well as allows for streaming on phones, TVs, or tablets. What’s more, it is available for a fraction of the cost of other workout options!
A new special type of camera is in the works – it can build a pictorial map of where it has been and use this map to detect where it currently is. This feature would be useful in robotics, smart sensors and driverless cars. It can be integrated in smart devices, robot vacuum cleaners, delivery drones and wearable sensors since the camera would have stored memory of everywhere it has been.
RCEP matters significantly for the textile and apparel (T&A) sector. According to statistics from the United Nations, in 2019, the fifteen RCEP members altogether exported US$374 billion worth of T&A (or 50% of the world share) and imported US$139 billion (or 20% of the world share).
In particular, RCEP members serve as critical apparel-sourcing bases for many US and EU fashion brands. For example, in 2019, close to 60% of US apparel imports came from RCEP members, up from 45% in 2005. Likewise, in 2019, 32% of EU apparel imports also came from RCEP members, up from 28.1% in 2005.
That’s all for this edition of the Friday links – have a great weekend.