Product Industries- Highlight
23 Nov 2017
With declining birth rates across the US inevitably constricting the expansion of the country's baby and kids' product sector, many companies are turning to 'premiumisation' as a way of bolstering sales and maintaining profitability.
The lighting market remains promising in 2018, according to the HKTDC survey conducted at the HKTDC International Lighting Fair 2017 (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo 2017. The market for household lighting is expected to do well in the near future. LED products are likely to be popular items, while smart technology continues to facilitate the development of the lighting industry.
Facing the twin problems of a low local skill base in the jewellery industry and a prohibition on the online sale of all such items, the online-to-offline (O2O) trading model may yet come to the rescue of Russia's stalled amber industry.