The cacophony of construction sites with roaring cranes and sparking arcs, coupled with the agile movements of robotic arms and the seamless shuttle of transport robots, paints a picture of bustling activity across the nation as enterprises resume operations post the Spring Festival. Industrial stalwarts, serving as the bedrock of the national economy, have geared up with full force to secure a robust start to the first quarter. According to data from JD Industrial, in the first week of operations in 2024, the number of purchasing clients surged by 47% year-on-year, with an overall 50% increase in purchases by industrial enterprises. Tool accessories, storage equipment, and lighting emerged as the top three categories in terms of purchase volume.
The smooth operation of the industrial sector exerts significant traction on key industries, particularly in sectors like automotive manufacturing and electricity, effectively rejuvenating the vitality of the supply chain. With market sentiment improving, enterprises are showing heightened enthusiasm for production. These key sectors have taken the lead in resuming operations, setting the pace for the overall industrial resurgence. JD Industrial data reveals that in the first week of operations, automotive, power, and power grid sectors secured the top three positions in terms of purchase volume across the industry.
In Hubei, a certain new energy automotive enterprise saw its production line operating at full capacity on the second day after the New Year break. The company's spokesperson noted, "China has maintained its position as the world's largest market for new energy vehicles for nine consecutive years, accounting for over 60% of global sales. Competition this year is expected to intensify, and any delay in resuming operations is simply not an option." To ensure the smooth delivery of the first batch of vehicles after the break, the company urgently restocked low-inventory materials in the first week of operations, procuring a batch of ZLG Zhiyuan electronic multi-channel CANFD data recorders through JD Industrial. These devices are crucial instruments for recording bus data generated during driving processes, serving as vital safeguards for post-incident analysis and enhancing the overall reliability of the vehicle network. Leveraging socialized inventory and logistics capabilities, JD Industrial completed the delivery within a few days, providing robust support to ensure efficient production resumption.
As a lifeline for urban transportation, rail transit systems have experienced a surge in demand following the resumption of operations. In order to ensure safe and smooth operations after the New Year, rail transit units in the East China region have initiated a new round of maintenance and repair work on track circuits. The JD Industrial East China Transportation team promptly matched customer-specific product demands, extending the platform's digital management capabilities upstream and downstream, thereby achieving efficient and precise supply-demand matching and facilitating the procurement and delivery of high-performance return line cables for customers.
Amidst the fervent resumption of operations, various regions have also implemented pragmatic measures to seize industrial development opportunities. Guangdong, known as the "manufacturing powerhouse," announced comprehensive efforts to implement high-quality development actions across key industrial chains, including initiatives such as "Guangdong Strong Core," core software development, and the "Sparkling Action," among others. The Department of Industry and Information Technology of Jiangsu Province recently released a list of major industrial projects for 2024, focusing on three major tasks: revitalizing traditional industries, strengthening emerging industries, and nurturing future industries, with the aim of jointly building a modern industrial base with international competitiveness in Jiangsu. Driven by policy incentives, these regions have maintained high demand for industrial products. According to JD Industrial data, Guangdong, Jiangsu, and Sichuan ranked as the top three provinces in terms of industrial product purchases in the first week of operations nationwide.
Recently, Minister of Industry and Information Technology, Jin Zhuanglong, stated during inspections that efforts would be made to achieve a strong start for the industrial economy in the first quarter. As a provider of industrial supply chain technology and service solutions under the JD Group, JD Industrial is poised to leverage its supply chain capabilities to support enterprises in resuming operations with higher efficiency. Through broader resource coverage, more precise supply-demand matching, and more efficient management models, JD Industrial aims to provide comprehensive support for high-quality resumption of operations across the industrial chain.
