Lenovo revamps supply chain to weather smartphone competition
Chinese tech giant, Lenovo Group, is revamping its manufacturing supply chain and launching a major global marketing push this year in a bid to get its smartphone business back on track as global sales are expected to cool further in the smartphone industry. Nomura believes that the success of Lenovo's smartphone business will depend on demand for its recently launched Phab2 Pro, which is the world’s first smartphone with augmented reality technology, and its new flagship the Moto Z.

Lenovo Chairman and CEO Yuanqing Yang holds up the new Phab2 Pro phone during the keynote address at the Lenovo Tech World event on June 9, 2016 in San Francisco. Photo: AP