market trends Content

IT Supply Chain: Tech sales see some silver linings

IT market trends

COVID-19 continues to depress some parts of the economy but, from a financial perspective, there were some silver linings. Sales in technology that support work and play at home were on the rise in September, giving the IT supply chain and business users some much needed respite in what has been a difficult year for supply of these products.

As per usual, it was not all rosy, and fortunes continue to drop in the smartphone market. No one can deny the general downturn in sales in this category. To help navigate the ups and downs and maintain a clear view of what represents a fair price, here are some of the latest developments and major movements that are influencing key IT product categories.

IT Supply Chain: Pandemic continues to impact the technology sector

IT supply chain

The pandemic continued to have an impact on the technology sector in August, with everything from smartphones to servers affected. Smartphone shipments continued to fall, with analysts saying they don't expect a proper recovery to pre-pandemic levels before 2022. There were a few positives though, with sales increases in the notebook and WLAN markets. But these mostly occurred in the consumer space.

To help navigate the ups and downs and maintain a clear view of what represents a fair price, here are some of the latest developments and major movements that are influencing key IT product categories.

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Global trade trends and their impact on procurement

As businesses settle into their “new normal,” we at Basware commissioned a report with the Economist Intelligence Unit (EIU) to dive into the latest global trade trends and topics that executives are most concerned about. Together with Pete Swabey, Editorial Director of EMEA Thought Leadership, we looked at what these trends mean for procurement and finance professionals and identified three themes procurement should prioritize to minimize disruptions to their supply chain and day-to-day business.