China's logistics and supply chain industry has made new progress in digitization

On August 17, 2023 (15th) Logistics and Supply Chain Digital Development Conference was held in Guiyang. At the meeting, Cui Zhongfu, Vice president and secretary-general of the China Federation of Logistics and Purchasing, introduced the new progress made in the digitalization of China's logistics and supply chain industry.

Cui Zhongfu, Vice President and Secretary General of China Federation of Logistics and Purchasing

Documents such as the Overall Layout Plan for the Construction of Digital China and the 14th Five-Year Plan for the Development of Modern Logistics have put forward relevant requirements for supporting the development of digital logistics and supply chain industries. With the support of digital infrastructure, a number of digital economies such as digital freight transportation and industrial Internet have emerged, and digital transformation has achieved certain results.

At the level of logistics operation, through the application of intelligent equipment such as intelligent warehousing, intelligent transportation and intelligent distribution, the automation and intelligent level of logistics operation are improved. In terms of management decision-making, digital technology enables real-time sharing of information in each link of the supply chain and promotes the coordination of the supply chain. The nodes of the supply chain can rely on digital technology to communicate and collaborate in real time through digital platforms, which improves the efficiency and reliability of the entire supply chain.

In the field of digital logistics platform economy, China already has the world's largest road transport market, with a total market size of 5 trillion yuan in 2022, and the total transaction volume of digital freight platforms accounts for 15% of the entire road transport market, indicating that there is great potential for the overall digital development of the industry. As of June 2023, the national network freight enterprises increased to 2,818, the number of waybills increased by 23.5%, the growth rate is still fast.

Since 2021, eight units, including the Ministry of Commerce, the Ministry of Industry and Information Technology, and the China Federation of Logistics and Purchasing, have identified two batches of national supply chain innovation and application demonstration cities and demonstration enterprises, which are promoting the development of supply chain synergy, standardization, digitalization, green and globalization. Great achievements have been made in building a modern supply chain system with organic connection between production, supply and marketing and effective connection between domestic and foreign trade.

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