Top 10 Home and Tech Articles of 2017
These are the 10 most-popular articles focusing on home and technology trends and markets that Euromonitor International published in 2017.
The internet has been one of the most transformative innovations of the modern era. This infrastructure of the digital era ushered in new scale and speed to real-time communication for consumers and businesses. In terms of consumers specifically, this connectivity forever changed the way they live, work, shop and play.
2016 was a year of solid value growth for the home care industry, with global value sales growing 5% to reach US$ 143 billion. From powder to tablet, from spray cleaners to wipes, there has been a clear shift in the way people purchase cleaning products. In this article, we will discuss the top global trends in home care.
Innovations in mature product categories like laptops and TVs prevented a downward spiral in sales. As the connected generation continues to expand, electronics companies and retailers will be looking to further engage consumers in 2017 through virtual reality (VR), augmented reality (AR), artificial intelligence (AI) and integrating mobile devices as the central control hub in the internet of things to stem a lengthening replacement cycle.
Technological advances continue to alter the way consumers browse and buy all types of products and services. As the global populace becomes more digitally connected, new technology is opening the doors to brands being able to better target their end-consumer and to offer new ways of conducting commerce.
The International Home + Housewares Show [IHHS] is one of the most ambitious events of its kind, providing buyers and media from around the globe a sneak peek into the new products and innovations that will be driving the conversation in the industry for the rest of the season. While attending the conference and other media events timed to coincide with the show, Euromonitor International observed a number of trends that are likely to have a big impact on the homewares and appliances markets for years to come.
Reckitt Benckiser Group (RB) is currently in “advanced” talks to buy MeadJohnson Nutrition Co for USD16.7 billion, in a deal that makes little market overlap sense on the surface but could hint at future strategic plans. ReckittBenckiser’s existing brands currently centre on home care, consumer health and beauty and personal care, and have little to do with baby milk formula, dairy or even packaged food to a larger extent.
7. Future of Logistics: Electronics Production Transition to Southeast Asia Changes Global Logistics Directions
For a decade, the global logistics industry for electronics was driven by strengthening ties between China and other regions, which mostly included China receiving electronic components needed to assemble complete products that then were sold worldwide. Nowadays, however, a different trend is gaining pace as China boosts its intermediate goods production, whereas the final electronics assembly is shifting to lower-cost Southeast Asian countries.
Smartphones are becoming a must-have device and slowly the default screen for brand engagement and digital commerce transactions. This is no different in Western Europe where digital consumers are conducting more commerce activities online and doing so more often on mobile devices as compared with computers.
9. Solving the Challenge of Fit in the Digital Marketplace in Fashion: Interview with Stuart Simms, CEO of Fits Me
High return rates have long been a major pain point for online fashion retailers, and fit-related returns cost companies millions in lost revenue, shipping and processing costs and threaten their long-term profitability. In this interview, Stuart Simms, CEO of Fits Me, talks to Euromonitor International about how the fashion industry is evolving from the era of mass fashion into the age of “me fashion” and how technology can solve the fit problem for both retailers and consumers.
The home care industry is expected to grow in 2017. Unlike other markets that will be affected by geopolitical and economic instability, home care will continue performing well both in developed as well as in developing and emerging markets.