New Manufacturing is another milestone in Alibaba’s “Five New” strategy implementation
The factory is able to produce small-batch orders at reasonable costs and with shorter delivery times. Consequently, it is increasing manufacturing efficiency from 25% to an average of 55%.
It provides SMEs with a digitalized end-to-end manufacturing supply chain that allows for fully-customized, demand-driven production.
This way, small businesses get the ability to benefit from the digitalization of China’s over $4 trillion manufacturing market.
We’ve reported that Alibaba and Total (China) Investment have signed a Memorandum of Understanding. They aim to pursue strategic collaboration and drive the digital transformation of the company’s operations in China.