2022 China Supply Chain Digitalization Report

Source:iResearch June 06,20225:50 PM

Digital Economy Drives Supply Chain Upgrades

The growth rate of China's digital economy has been high in recent years and reached 9.7% in 2020, despite the negative influence of the Covid-19 pandemic and the global economic downturn. "Industrial digitalization" is the focus of digital economy development in China. In 2020, its added value reached 31.7 trillion yuan, accounting for 80.9% of the digital economy and 31.2% of GDP. As a strong driver of the digital economy, industrial digitization refers to the comprehensive transformation and upgrading of various traditional industries in multiple dimensions and the whole chain using new digital technologies and gradually changes from single-point transformation to coordinated upgrading of industrial clusters. According to Digital Transformation Index released by Dell Technologies, the digital landscape of Chinese enterprises changed dramatically in 2016, 2018 and 2020. A lot of latecomers gradually became digital followers, evaluators and even practitioners. Meanwhile, the share of digital leaders has not changed much, indicating that high-level digitalization and supply chain digitalization still require a lot of effort and time.

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