The COVID-19 pandemic that swept the world in 2020 remains the most prominent challenge to international security in 2021. In the short to medium term, constrained vaccine capacity, gaps, and uneven distribution of the estimated 10 billion doses needed globally will make it difficult to meet the needs of most developing countries. The pandemic has also hit food supply chains around the world, hampering middle - and lower-income living conditions.
Angel Gurria, Secretary-General of the OECD, said that during the pandemic, the scale of global debt continued to rise, and the expansion of debt and financial risks was caused by the massive monetary easing and fiscal rescue measures. The economic development of all countries has taken a significant hit during the pandemic, reducing consumer confidence.
In addition, due to the force majeure of the epidemic, all countries have implemented strict management and control accordingly, and prohibited activities in large public places such as shopping malls, restaurants, hotels and cinemas, which has greatly reduced people's consumption demand. China's consumer electronics industry is more dependent on foreign trade, and the slow global trade also poses a greater challenge to the industry. Round Bluetooth speaker enterprises have to convert foreign trade into internal sales, thus increasing the competition in the domestic market.
In such a harsh environment, production and sales are faced with great pressure and challenges. From 2020 to now, the impact of the epidemic on global economy and trade and world economic growth has caused the depression of overseas markets, which will affect the industry for a certain period of time and bring directional guidance for the industry to adapt to changes. Many audio companies have switched from export to domestic sales.
In addition, new technologies such as big data, artificial intelligence and blockchain will also continue to promote the transformation, upgrading and high-quality development of China's professional round outdoor Bluetooth speaker industry. Preferential, stable, efficient and open industrial policies also continue to provide strong institutional dividends to the development of the industry.
From this point of view, the long-term positive development trend of China's professional audio industry will not be shaken by the impact of the epidemic. However, under the background of gradual downturn of the world economic growth itself, it is necessary to maintain the good trend of professional audio industry, and the industry development will rely on the domestic demand market more.