Experts participating in the second China International Supply Chain Expo (CISCE) in Beijing have stressed the importance of access to information, trust, and collaboration for global businesses to remain competitive in today's uncertain world.
Themed "Connecting the World for a Shared Future", the five-day expo is scheduled to run till Saturday, gathering industry leaders and experts from around the world to promote global cooperation in industrial and supply chains.
In an interview with China Global Television Network (CGTN) on the sidelines of the event, Anna Jankowska, program officer in trade information of International Trade Center, said the organization is working with the China Council for the Promotion of International Trade (CCPIT) to enhance the access of businesses, especially small and medium-sized enterprises, to trade information.
"Trade intelligence plays a crucial role, because now, as we know, in the current uncertain global context, access to timely, accurate, and reliable information on markets is crucial for firms of all sizes. Now, big firms often have economic research departments that can help them find the information. But especially small and medium-sized enterprises need tools and need information to help them identify and compare opportunities. And this is why we're really happy to cooperate with CCPIT on the Chinese version of the global trade help desk, which really helps businesses evaluate how economically attractive is a market, how much will it cost them to enter that market, what are the regulations, and how can they comply, and to also connect with potential partners and opportunities via e-commerce, via trade, finance, or even business partners," Jankowska said.
Linda Kromjong, president of Amfori, noted trust is really important for businesses to drive change and make sure they remain competitive, adding Amfori has some programs that can help its members build trust and foster collaboration.
"It helps our members, based on joint standards that are founded in international recognized standards, to really build that trust, find collaboration, make sure that you don't do it on your own, make sure that you don't invent the wheel again. This is the standard. Let's all work together. If we do that jointly, you save a lot of time and resources, but also build further trust within the supply chain," she said.
As the world's first national-level exhibition focusing on supply chains, the CISCE has attracted close to 700 exhibitors from 69 countries and international organizations this year. Over 60 percent of the exhibitors are Fortune Global 500 companies and industry leaders, and the proportion of foreign exhibitors has risen from 26 percent at the first CISCE to 32 percent.
In addition to exhibitions, this year's CISCE also includes a series of sideline events, including the release of an annual report on the global supply chain, and discussions on promoting supply chain stability, connectivity and accessibility, according to the event's organizers.