Sales of premier consumer technology products – smartphones, TVs, PCs/tablets, smart home, for instance – continue to dip. High-interest rates, inflation, and recession fears continue to either delay discretionary consumer purchasing or are pushing consumers to “trade down” to lower-priced goods. Many vendors and retailers are still sitting on accumulated inventory and Covid-crippled supply chains haven’t completely healed. Changing staffing and workplace dynamics are challenging operational stability. Even the war in Ukraine has introduced a layer of uncertainty within the industry.
Considering these economic and business pressures, what’s the consensus view of the state of the CE industry from retailers, vendors, and analysts polled by TWICE?
Meh.
Read the rest of this report here at TWICE.com.
