The First Chain Expo Digital Technology Forum: Empowering Supply Chain Modernization with Digitization

2023-12-01

"The global industrial system and supply chain are showing a trend of diversified layout, regional cooperation, green transformation, and accelerated digitization. The profound evolution of new technologies such as the Internet, big data, cloud computing, artificial intelligence, and blockchain has greatly changed the global allocation of factor resources, industrial development models, and people's lifestyles.", At the first China International Supply Chain Promotion Expo (hereinafter referred to as the "Chain Expo") Digital Technology Forum, Yu Jianlong, Vice Chairman of the China Council for the Promotion of International Trade, pointed out that the deep integration of the digital economy and the real economy has brought a series of revolutionary changes and creative achievements to human production and life. Digital trade has grown rapidly in the past 20 years, and according to estimates from the World Trade Organization, global digital service exports have grown at an average annual rate of 8.1% from 2005 to 2022. The development momentum of China's digital economy is strong. In 2022, the scale of China's digital economy reached 50.2 trillion yuan, ranking second in the world in total. China has applied for nearly 32000 international PCT patents in the field of information technology, accounting for 37% of the global total. 5G mobile communication technology has taken the lead in achieving large-scale applications. "The modernization of the industrial chain is an important part of Chinese path to modernization and an important guarantee for China to win the initiative in development in the world economic pattern." Li Zixue, chairman of ZTE Corporation, said that digital technology should first create new infrastructure and stabilize the digital base; Secondly, we need to strengthen core technological innovation and shape competitive advantages; We need to activate the value of integrating data and reality, and assist in transformation and upgrading. Yu Jianlong introduced that the first Chain Expo specifically set up a digital technology chain exhibition area, which is also a relatively concentrated exhibition area for Fortune 500 companies. A group of top international technology companies such as Apple, Intel, and Qualcomm showcase the latest achievements in technological innovation and industrial integration development through technology transformation, industry incubation, and application scenarios. Building more efficient and agile supply chain capabilities cannot be achieved without the support of digital systems. According to Wang Cheng, Chief Operating Officer of TCL Technology Group, the number of "lighthouse factories" in China currently accounts for more than one-third of the world's total, and the industrial internet has covered 45 major categories of the national economy and over 80% of industrial categories. At the same time, the widespread application of the digital economy has effectively promoted traditional industries to reduce costs and increase efficiency, achieving industrial transformation and upgrading. Wang Cheng gave an example that in the intelligent manufacturing industrial park that produces household air conditioners in Wuhan, through the self-developed 5G+digital supply chain collaborative platform, the company will connect a large supply chain covering more than 300 suppliers, implement real-time scheduling, and improve delivery efficiency. After a period of practice, raw material inventory decreased by 10% year-on-year, inventory utilization funds decreased by 30%, on-time delivery rate increased by 15%, and procurement costs also significantly decreased. In Wang Cheng's view, China's industrial categories are complete and large-scale, providing broad space for the development of digital and real integration. At the same time, the rapidly developing new infrastructure provides key support for promoting digital and real integration. Vigorously developing digital technology, promoting the transformation of digital intelligence and the integration of data and reality, is of strategic significance for achieving new industrialization and promoting high-quality economic development. It is also a new round of technological revolution and industrial transformation in China

Edit:He ChengXi    Responsible editor:Tang WanQi

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