Collective intelligence consultation: Industry chain faces dual pressure of cost and inventory, April panel demand shows initial signs of weakness.

Zhixin Finance APP learned that Group Intelligence Consulting issued a document stating that in late April, due to the adjustment of North American tariff policies to short-term certainty increase, coupled with the pressure of inventory in the industry chain, the fatigue of panel demand has begun to show. On the demand side, under the dual pressures of cost and inventory, brands are shifting their procurement strategies from risk stocking to cost orientation. After the adjustment of tariff policies in early April, there is a 90-day transition period. Although there is still some driving force for brand manufacturers to move their procurement needs forward, the push is quite limited due to factors such as channel and brand inventory pressure rising. In addition, the marginal effect of the domestic "old-for-new" subsidy policy on TV demand is weakening. Therefore, the second quarter Top brand panel procurement demand is expected to shrink compared to the previous quarter. On the supply side, top panel manufacturers have successively determined their production reduction plans for "May 1st" in response to the supply and demand risks brought about by the cooling of demand.