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Finance & Economics

Alibaba opens new digital factory

Sep 17, 2020

New Manufacturing is another milestone in Alibaba’s “Five New” strategy implementation

Alibaba

Alibaba opens new digital factory. Source: flickr.com

Alibaba Group has revealed New Manufacturing pilot with the introduction of Xunxi Digital Factory, powered by its cloud computing infrastructure and IoT.

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.

Data is the core of New Manufacturing and harnessing data insights is key to capturing new opportunities in the shift in consumer preference for personalized rather than mass-produced goods. New Manufacturing transforms traditional manufacturers with data-driven intelligence and technology to move towards a more agile model of production based on real-time demand. This allows traditional manufacturers to improve profitability and reduce inventory levels while still being able to meet these personalization needs
Alain Wu, CEO of Xunxi Digital Technology Company, Alibaba Group

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.

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