China is shifting from being ‘world’s factory’ to ‘global supply chain hub’: CFLP report
· Source: globaltimes.cn
In short
A report from the China Federation of Logistics & Purchasing indicates China's transition from a manufacturing center to a global supply chain hub. The shift is driven by supply chain restructuring, trade protectionism, and technological transformation, with AI penetration in logistics surpassing 37%. Chinese enterprises are now moving towards exporting entire industrial and supply chains, building overseas ecosystems.
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Tags: logistics, automation, forecasting, procurement, warehousing, optimization