Articles by 周国辉

Zhou Guohui of Eternal Asia: What is the Value of Modern Supply Chains?

China is at a critical stage of transitioning from 'high cost, high growth' to 'low cost, medium-high growth', with rising costs for environment, resources, land, labor, and capital. Data shows that China's socialized supply chain costs account for about 18% of GDP, compared to 7%-8% in Europe and the US, and as low as 5%-6% in Japan, where four general trading companies serve over 80% of the market. The article discusses the need for modern supply chain services to improve efficiency and meet consumer demands.