Do recent world trade statistics or refute the notion of a product life cycle for manufactured goods?

Recent world trade statistics suggest that the product life cycle theory for manufactured goods still holds relevance, but with notable modifications. While initial stages of a product's life cycle often see production concentrated in developed countries, advancements in technology and globalization have led to increased production in emerging markets even at earlier stages. Additionally, trade data indicates a shift towards shorter product life cycles and rapid innovation, which can disrupt traditional patterns of trade and manufacturing. Overall, the theory remains applicable, but it must adapt to the complexities of modern global trade dynamics.