Insights

The Global Consumer Electronics market started to realize many paradigm-changing innovations for the last few years like 5G, Extended Reality, Blockchain, etc. While the COVID-19 Pandemic has slowed the spread of Innovation in most of the cases, it also has boosted the demand for some of the Consumer Electronics and Smart wearables embedded with sensors that monitor various health factors.

One of the most common challenges faced by organizations to adopt a platform strategy is speed-to-market. Speed-to-market means bringing software upfront that can-do various things and quickly delivered.  Developing everything from scratch all the time takes more time to losing to competition. Customers and service integrators must resort to platform way of envisioning and delivering features that involve low/no-code development environment resulting in high quality and speed to market.

Enterprises are becoming more heavily focused on Blockchain for their strategic initiatives. A recent report found 75% of executive respondents are looking at how they can use Blockchain to their advantage. Only 1% reported Blockchain was not relevant to them. 

However, despite the interest in Blockchain, majority of the enterprises are still unclear about Blockchain technology and 30% are struggling to get started. Hence taking a balanced approach will be critical to success. 

The Covid-19 pandemic has crippled the global supply chain systems causing Supply network disruptions for many organizations across the world.While Some organizations like the largest Milk co-operative of India successfully sustained the COVID Impact, Organizations across the globe are penning alternative Supply Chain and sourcing strategies to sustain future risks based on the foreseen scenarios.

For any successful distribution & manufacturing company, it’s important to address a new way to streamline its operations. Beginning from the trading of commodity and the distribution of derivatives, manufacturing is an intricate process with multiple moving parts. Due to the rapid development of the digital world and the broad advantages of data analytics, various fields of the industry sectors seeking improvement. Distribution & manufacturing is also a major industry that is not behind of adopting advanced technology.