Reconstruct the supply chain in the new retail era and enhance the consumer experience.

　　CCTV News:On October 21st, 2017, coincided with the grand opening of The 19th National Congress of the Communist Party of China, the 23rd China Yiwu International Commodities Fair, the largest commodity fair in China, was held in Yiwu, Zhejiang.

　　This year’s Yiwu Fair has 4,100 standard booths, involving 14 major industries. Combining with the cultivation direction of emerging sectors, it has set up eight special areas, namely "Made in Zhejiang" theme area, standard Expo area, innovative design, smart lifestyle, fashion department stores, international brands, e-commerce and trade services, and women’s Federation handicrafts, with a total of 10 pavilions with an exhibition area of 100,000 square meters. It attracted more than 2,200 enterprises from 16 countries and regions including Australia, Japan, Brazil, Germany, Italy and France, as well as 24 provinces (municipalities and autonomous regions) in China.

　　As an important supporting meeting in the 2017 Yiwu Fair, the "2017 China Retail Department Store (Yiwu) Purchasing Summit" was held simultaneously during this period. The summit was hosted by the Executive Committee of Yiwu International Commodity Expo in China, jointly organized by Zhejiang China Commodity City Group Co., Ltd. and IBMG International Business Management Group, and sponsored by Yiwu Mr. Huolang Trading Co., Ltd., and the conference received extensive attention and praise from the government, industry, news media and people from all walks of life.

　　More than 200 enterprise bosses and senior executives from more than 50 retail enterprises, including national top 100 retail enterprises, listed companies and regional leading enterprises, led their professional purchasing teams to participate in the summit. In order to actively broaden the domestic sales channels of local suppliers in Yiwu, improve the purchasing efficiency and quality of participating retailers, and promote the in-depth cooperation between suppliers and retailers, the summit invited Mr. Li Sheng, deputy director of the Expert Working Committee of China Business Federation, Professor Wu Leijun, course director of SPACE China Business College of the University of Hong Kong, and other big coffee makers in the retail industry to conduct in-depth thematic discussions and share, and specially arranged a number of on-site retailers’ fair for high-quality goods, which promoted many categories such as household goods, imported goods, knitwear, toys, cultural offices and sporting goods. During the summit, the delegates also visited well-known local enterprises in Yiwu, and went deep into the factory to learn about commodity technology.

　　Mr. Jiang Ming, President of China Business Federation, made an opening speech for the summit.

　　In his opening speech, Mr. Jiang Ming, President of China Business Federation, said: Yiwu has changed from "buying and selling the whole country" to "buying and selling the whole world". This is a hot spot for entrepreneurship, a land of real miracles. Department stores cover a wide range of commodities, and have become synonymous with Yiwu. Yiwu International Trade City is one of the largest export bases of small commodities in China, and its market extroversion has reached 65%.

　　The theme of this conference, "focusing on commodities, upgrading layout-supply chain reconstruction under consumption upgrading", fits the background of the retail industry environment, identifies the profit model, returns to the essence of retail, and locates customers with commodities. This summit will discuss how to rebuild the supply chain in the new retail era with the help of Yiwu’s advantages, new technologies and new theories, focus on market consumers, push forward with the pace of transformation of both domestic and foreign trade in Yiwu Fair, and strive for the healthy and rapid development of the retail industry and a broader future!