21:26, 18-Sep-2018
Rebuild Global Value Chain: What will shift in trade and revolution in technology bring?
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20:26, 21-Sep-2018
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It's the first day of the World Economic Forum summer sessions in Tianjin and the biggest talking point has been how to be a global champion in an increasingly complex trade environment. That's where the discussion of technology and supply chains fits in. Xia Cheng is at the forum with the latest insights from the perspectives of data and healthcare.
The revolution in technology is rebuilding the global supply chain. That is a main topic derived from the theme of this year's WEF Tianjin, the fourth industrial revolution.
China is becoming increasingly health conscious. That is a vital sign for growth opportunities as the demand for top quality drugs and medical services is rising. That is why healthcare companies are investing in automation to make their global supply chain more precise and efficient.
However, China's lengthy new drug review and approval process is driving up the healthcare costs along the value chain. A Danish Drug maker for diabetes is hoping for a change.
XIA CHENG TIANJIN "With the shift in global trade dynamics, companies will face stronger headwinds, such as geopolitical risks and rising labor cost. For business decision makers, its time to invest in their own algorithms as computers outpace human brains. That is the way to stay ahead of the curve in the AI era. Xia Cheng, CGTN, TIANJIN.