On November 6, the 2022 Industrial Upgrading and Global Supply Chain Summit Forum with the theme of "Joint Innovation and Breakthrough" and the signing ceremony between Eternal Asia and global brands were held in Shanghai. The forum was guided by the Shenzhen Municipal Bureau of Commerce and the People's Government of Bao'an District, Shenzhen, and hosted by Shenzhen Eternal Asia Supply Chain Co., Ltd. (hereinafter referred to as "Eternal Asia"). At this forum, Liang Xiangqi, director of CTOS manufacturing supply chain management of Advantech Xingye Electronic Technology Co., Ltd., a partner of Eternal Asia, shared a wonderful theme on "how to drive the healthy development of the IoT industry through smart city systems".
Advantech and Eternal Asia have been working together for more than 18 years, and have maintained a close working relationship in terms of customs clearance, logistics and cash flow. With the implementation of the national dual-circulation strategy, the city's economy has embarked on the fast lane of development, and through the combination of Eternal Asia's supply chain advantages, Advantech's turnover in China has increased by more than ten times, achieving a win-win situation of "1+1>2".
So far, more than 900 cities in China have launched smart city pilot work. In recent years, local governments have successively promoted the construction of big data and smart cities, and promoted the landing of big data and smart city industries.
According to Liang Xiangqi, "Advantech China has a market share of more than 50% in the industrial sector, and is a leading enterprise among the world's largest industrial brands, with a 39.5% share. After nearly 40 years of development, global revenue has exceeded $2 billion. Today, we have entered into strategic alliances with mainland enterprises to deepen our efforts in the mainland market. With the assistance of Eternal Asia, it has greatly solved the problems of its product promotion and development, and at present, Advantech and Eternal Asia have carried out in-depth cooperation in the marketing part of overseas countries. Over the years, relying on the cooperation model and strategic model of Eternal Asia, the related costs and efficiency have helped Advantech reduce 90% of the customs clearance risk. ”
Developments in the Industrial Internet of Things (IIoT) sector are enabling a new wave of change with the help of artificial intelligence. Advantech has been deeply involved in the industrial IoT and smart city industries for nearly 40 years, and has taken the initiative to take responsibility for the transformation of the IoT industry, proposing IoT software and hardware solutions with edge intelligence and industrial cloud platforms as the core to help customers and partners connect with the industry chain.
Together with Eternal Asia, Advantech will further leverage the supply chain to accelerate industrial upgrading, jointly create intelligent solutions for various industries, enable AI to be implemented in thousands of industries, and contribute to the steady development of smart cities.
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