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The digital revolution
2015-09-09 18:57:12

In the discussion of The Digitization of International Trade on the 2015 Dalian Summer Davos Annual Forum this morning, the chief executive officer of UPS, AlanGershenhorn said, as soon as he and his colleagues arrived at Dalian yesterday, they went to the peripheral shopping malls of the hotel to experience the local retailing atmosphere at first. They were surprised to find that, some retailing brands which hardly could be seen in the previous days, now all can be seen in China’s shopping mall. The digital revolution of supply chain enables many products to fly across half of the earth to reach the conventional marketing far-end.

The chief technology officer of Accenture, Paul Daugherty, maintained that, the digitization development of international trade could optimize every step of supply chain, starting from the process of procurement and it could also break the cooperation barrier among different industries. For example, a consumer has ordered a take-out pizza, then the whole process is probably completed together by the pizza store, e-bank online payment platform and auto rental company at the same time.

The discussion spot of The Digitization of International Trade

The Minister for Trade and Industry of Malaysia, Mustapa Mohamed held that, the digital revolution of international trade would reduce the trade gap and bring about more opportunities to the enterprises of middle and small countries.

On the one hand, the guests felt the convenience of the digitalization of international trade; on the other hand, some guests expressed their concern about its safety. The chairman of Trutag Technologies, Hank C.K.Whu, conveyed that, just taking drugs for example, the globally annual value of trade of counterfeit drugs is 32 billion dollars, among which, those through the marketing of “network unscrupulous pharmacy” take up a high proportion. This phenomenon also promoted the corresponding technological innovation—there are some pharmaceutical factories with advanced technology putting chips that are as small as dust into tablets, which can realize the goal of tracking down a small tablet globally. If this technology can be promoted, not only the counterfeit drugs will be excluded from the global supply chain, but also the responsibility of enhancing the safety of products “from cradle to grave to from cradle to cradle” can be realized, said by Hank C.K.Whu.