JD Industry holds 2024 International Business Partner Conference to seek new opportunities for overseas expansion together with corporate customers and merchants
2024-08-23
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At present, "going overseas" has become one of the keywords for the development of China's manufacturing industry. According to statistics from the Ministry of Commerce and the State Administration of Foreign Exchange, from January to July this year, my country's non-financial direct investment abroad was US$83.55 billion, a year-on-year increase of 16.2%. Among them, Chinese companies made non-financial direct investments of US$17.94 billion in countries participating in the construction of the "Belt and Road Initiative", a year-on-year increase of 7.7%. More and more Chinese companies are starting to accelerate their going global, expand overseas markets, and embark on a new journey of going overseas.
In order to serve industrial enterprises to better seize this round of development opportunities, on August 21, JD Industry held the 2024 International Business Partner Conference in Beijing, sharing JD Industry's international business strategy, digital supply chain capabilities, international business investment policies and cooperation models.
The first challenge facing manufacturing companies going overseas is how to build a supply chain. At present, China's manufacturing industry's overseas layout is mainly concentrated in emerging markets, where the supply chain infrastructure is relatively weak. It is not only difficult to find sources, low transparency, and difficult to control quality, but also difficult to ensure the timeliness and stability of contract delivery.
In the process of serving industrial enterprises in digital procurement and transformation for a long time, JD Industry has accumulated a deep understanding of the overseas needs of manufacturing customers. Aiming at the core difficulties of supply chain management of overseas enterprises, JD Industry's international business has built a "digital highway" based on technological innovation, shortening the procurement chain and promoting efficient collaboration between upstream and downstream through the digitization of goods, procurement, fulfillment and operations, thereby greatly improving the supply chain efficiency of overseas enterprises and reducing procurement costs.
Among them, the digitalization of commodities mainly focuses on the problems of inconsistent specifications and parameters of traditional industrial products and incomplete commodity categories. By promoting the standardization and unification of massive SKU parameters, a unified "discourse system" in the industrial supply chain is established to build a digital foundation for industrial collaboration; the digitalization of procurement focuses on creating a digital procurement platform that supports transactions in multiple countries, while effectively solving the compatibility issues of language, currency, tax rate and laws and regulations, it brings a transparent, efficient and low-cost procurement experience; the digitalization of fulfillment mainly integrates domestic shipping centers, overseas stocking warehouses, overseas merchant warehouses and other supply chain resources through the intelligent decision-making brain, and unifies the scheduling of various modes such as overseas stocking, cross-border direct shipment, and local direct shipment to achieve the best value fulfillment delivery; the digitalization of operations mainly realizes process automation, intelligent operations, and quality services through a full-link digital operation management system, driving the efficient operation of the digital supply chain system.
While providing accompanying overseas services for manufacturing companies, the digital highway created by JD Industry can also bring a lot of convenience to industrial product merchants in their overseas expansion.
Due to the particularity of cross-border transactions, industrial product merchants often face multiple challenges when going overseas independently. For example, there is huge uncertainty in overseas markets, and merchants need to bear greater risks if they invest heavily; the export and overseas market access requirements are complex, and merchants who have never done export business lack experience in import and export customs clearance and are unfamiliar with the classification of customs codes, which makes compliance declaration difficult or expensive; in addition, traditional 2B overseas fulfillment and delivery is complex, costly, and slow, making it difficult to meet customer needs; the overseas business settlement and collection process is also cumbersome, and there is also a certain exchange rate risk...
JD Industrial's international business is a fully managed service built on its own digital supply chain technology service capabilities and JD Group's overseas supply chain resources. It can efficiently solve the multiple pain points of cross-border transactions, lower the "threshold" for industrial products merchants to go overseas, and achieve "worry-free" overseas expansion.
Specifically, in the business opportunity acquisition link, since JD Industrial platform has aggregated a large number of corporate customers with overseas procurement needs, merchants can get rid of traditional marketing models such as cross-border exhibitions, overseas advertising, and email promotion, accurately obtain overseas business opportunities, and greatly reduce the uncertainty of going overseas; in the compliance declaration link, JD Industrial relies on rich overseas experience and digital technology to help merchants quickly make import and export compliance access judgments and accurate customs code classification, thereby effectively avoiding the operating risks brought about by customs compliance, laws and regulations of the landing country and other factors; in the fulfillment and delivery link, JD Industrial can complete customs inspection declaration, shipment, cross-border logistics, overseas customs clearance and other processes in one stop through a fully self-operated stocking model, greatly improving the controllability and timeliness of fulfillment. At present, JD Industrial can achieve 48-hour delivery in many places around the world; in the reconciliation and settlement link, JD Industrial provides RMB settlement methods, which can help merchants effectively avoid the risks brought about by exchange rates and cross-border payments, and truly allow domestic companies to do international business like domestic business.
The head of JD Industry's international business said that JD Industry has rapidly established bases in various hot spots for Chinese companies going overseas, serving various overseas customers in industries such as new energy vehicles, electronics and electrical, energy, and chemicals, covering multiple scenarios such as overseas infrastructure, overseas production, and offices. Looking ahead, JD Industry will continue to leverage its advantages in supply chain technology and services, continue to deepen its international business along the development path of accompanying overseas expansion-localized development-global integration, and provide more support for Chinese companies to go overseas without worries by bringing digital supply chains to the vast global stage.
