We’re already on holiday here in the Global Sources content team – nevertheless, here’s some reading for the Easter weekend on matters of sourcing, tech, business and trends.
The container ship blocking the Suez Canal since 23rd March is now freed. Still, experts advise, buyers should respond timely to the aftermath, such as any delays or backlogs, to minimize their losses. For those caught off guard this time, it is wise and should be high on their agendas to start building a resilient and diverse supply chain.
The smartphone market is expecting sales growth from 2021 and onwards. Consumer interest has skyrocketed thanks to several 5G phones being released worldwide. Future-proof your tech catalog by importing today’s in-demand devices. Global Sources verified suppliers already have 5G-enabled phones ready for sourcing.
“The rate of innovation is increasing and will continue to do so even without any machine able to design its successor. Some might call this phenomenon an intelligence explosion, but I think it’s more accurate to call it a technological explosion that includes cognitive technologies along with physical ones.”
Ted Chiang writes in The New Yorker on the much dreamed-about singularity that, he says, is pretty unlikely to ever happen.
A stark reminder of the importance of quality inspections and verifying that your potential business partners do, in fact, have a business.
“According to Song Chunyu, vice president of Lenovo Group and partner of Lenovo Ventures, the first step to avoiding egg on your face is to see if the company founder is an industry veteran, and whether the proposed goals respect the objective laws of the industry. In his view, progressing from materials, to equipment, to manufacturing in the integrated chip industry takes 20-30 years of work before success. It requires great leadership, extended interactions with customers, and expertise molded by years of labor.”
“Collection planning is a complex dance for fashion brands and retailers,” Mélanie Mollard writes for e3zine. “Data-driven trend forecasting could revolutionize it.” Forbes magazine also highlighted AI trends to watch in the fashion industry, in an article published last week.