Alibaba Group Holding Limited unveiled cloud intelligence-powered manufacturing model, which enables access to small-batch customization and agility in production. Hangzhou-based factory, powered by Alibaba’s cloud computing infrastructure and IoT, offers SMEs a digitalized end-to-end manufacturing supply chain that allows for fully-customized, demand-driven production. It gives smaller businesses and manufacturers the ability to benefit from the digitalization of China’s manufacturing market.
New Retail, New Manufacturing, New Finance, New Technology, and New Energy
The New manufacturing is another milestone in Alibaba’s “Five New” strategy. It was introduced by founder Jack Ma in 2016, and comprises New Retail, New Manufacturing, New Finance, New Technology, and New Energy. Xunxi’s trend and sales forecast model alongside its own artificial intelligence-aided integrated product design platform gives manufacturers insights into consumer preferences. This information flow will allow to reduce research and development costs and enable businesses to capture the fast-evolving opportunities. Alain Wu, CEO of Xunxi Digital Technology Company, Alibaba Group said,
“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.”