The global 3D display market is anticipated to grow significantly in the upcoming years due to the increase in adoption of 3D displays in various fields such as gaming, video, photography, education, defense, and engineering simulation. Additionally, consumer electronics manufacturers (CEMs) are trying to improve the user experience by enhancing product displays to deliver a true 3D content. However, according to the commodity price analysis experts at SpendEdge, the high cost of 3D displays and price fluctuations are expected to hamper the growth of the market.
Consequently, to retain their foothold in this market space, consumer electronics manufacturers across the globe have started opting for commodity price analysis studies to stay on top of the price fluctuations and improve procurement decision making.
The Procurement Pain Point and Insights Offered
A leading consumer electronics manufacturer wanted to gain insights on the latest price trends and fluctuations in the market space. Additionally, the client also wanted to obtain a list of key suppliers and negotiate better contractual term. Furthermore, they also wanted to gain a deeper understanding of the potential impact on the over costs of raw material sourcing.
To cater to the specific category requirements of the client, the commodity price analysis experts at SpendEdge followed an in-depth two-step research methodology, which included primary and secondary research coupled with qualitative and quantitative data collection procedures to address the client’s issue. During the course of this commodity price analysis study, the consumer electronics manufacturing client was able to compare their products and cost structure to that of their peers through SpendEdge’s competitive analysis. Additionally, the client was able to monitor the commodity price pressures and identify emerging risks across the supply chain. This helped the client gain a competitive advantage over their competitors and negotiate better contractual terms with suppliers. Furthermore, this commodity price analysis study helped the client identify and manage price and supply risks to their raw materials.
Key questions answered in this commodity price analysis study include
The price analysis study helped the consumer electronics manufacturing client gain price forecasts over the upcoming months. Additionally, the client also obtained recommendations to stay on top of the price fluctuations and improve procurement decision making across the supply chain.