Senior executives from leading multinational companies expressed their strong confidence in China's supply chain capabilities, at the just concluded third China International Supply Chain Expo (CISCE), speaking highly of its speed, flexibility, innovation, and green transformation.
The CISCE was held from July 16 to 20 in Beijing under the theme of Connecting the World for a Shared Future. It gathered 651 enterprises and institutions from 75 countries, regions, and international organizations, with overseas exhibitors making up 35 percent of the total.
"Since 2018, we've seen the rise of China's new energy vehicle industry and viewed it as a major opportunity. Our factory in Nanjing is excellent, but without China's strong supply chain, our products couldn't be continuously upgraded. A key feature of China's supply chain is the close integration of business needs, research and development, and manufacturing. It's not just our own base, in the whole Yangtze River Delta, we can find a large number of excellent suppliers within just one hour (of travel distance)," said Yu Feng, president of Honeywell (China) Co., Ltd.
"First of all, China's supply chain is extremely flexible. The speed and cycle for products developed in the lab to factory production and then being launched to the market are incredibly fast. Secondly, it is highly comprehensive, from upstream raw materials to end products, the entire industrial chain is complete and increasingly green. At our production base in Zhangjiagang, we've already achieved 100 percent green energy usage. All of this is made possible by China's rapid development of renewable energy," said Liu Xuelin, vice president of Wacker Chemicals (China) Co., Ltd.
Looking forward, global enterprises leaders said that they are still optimistic about the Chinese market and will further expand their investments in China.
"We have five major business segments in China, with a total investment of 9 billion U.S. dollars. This year, we're adding another 500 million U.S. dollars in new investments," said Lin Chunmei, president and general manager of Corning Greater China.
"We have 10 R and D centers, and more than 20 percent of our Chinese employees are R and D personnel. China is also a key hub for global innovation. Every year, we apply for hundreds of patents in China. I firmly believe that innovation in China will not only continue, but will also accelerate," said Yu.
Global executives laud China's fast, flexible, green supply chain
