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Cai Jin: New Trends in the Development of Iron and Steel E-Commerce and Intelligent Logistics

https://en.steelhome.com [SteelHome] 2019-04-22 11:28:51

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15th Steel Development Strategy Conference, host by SteelHome, was successfully held in International Convention Center during April 12-14, 2019. Around 1000 delegates from governments, associations, steel mills, miners, traders, research institutes attended the one of biggest events in China steel industry.

8th International Raw Materials Supply Chain Summit, 9th Coal & Coke Development Strategy Conference, 7th China Commodities E-Commerce Summit and 2019 SteelHome Spring Report were simultaneously held.

At the 7th China Commodities E-Commerce Summit held on the afternoon of April 13, Cai Jin, Vice President of China Logistics and Purchasing Federation, reported on New Trends in the Development of Iron and Steel E-Commerce and Intelligent Logistics.

Cai Jin, Vice President of China Logistics and Purchasing Federation

By analyzing the current macro situation, it is pointed out that the national economy will undergo a series of positive changes in a stable and moderate economic period. And by analyzing supply-side reform, it is pointed out that exports slowed down after 2012, and it is difficult to achieve economic growth by export. Meanwhile, investment slows down gradually after 2017, weakening its positive effect on economy. Although consumption has great potential to pull economic growth in the future, the mode of pulling economic growth by expanding scale has reached its extreme, so it must be transformed and upgraded.

For iron and steel industry, supply-side structural reform has brought dividends to iron and steel enterprises, the first round of which is to cut overcapacity and reduce excess inventory by government. However, in order to achieve more healthy development of the industry, it is necessary to change the mode of production organization and reduce production costs. President Cai believes that there is still much room for reducing the logistics cost of steel industry, which currently accounts for 10%.

In terms of the development of iron and steel e-commerce, President Cai pointed out that data integration of the whole industry chain is the foundation, integration of modern technology room is the key, and providing the solution of the whole process is the goal.


(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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