{"id":17424,"date":"2019-05-16T16:45:03","date_gmt":"2019-05-16T16:45:03","guid":{"rendered":"http:\/\/www.ceo-na.com\/?p=17424"},"modified":"2019-11-22T20:03:37","modified_gmt":"2019-11-22T20:03:37","slug":"chinas-rapid-climb-up-the-value-chain","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/business\/management-leadership\/chinas-rapid-climb-up-the-value-chain\/","title":{"rendered":"A rapid climb up the value chain"},"content":{"rendered":"
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In little more than a decade, China has turned into the largest e-commerce market in the world, moving its economy swiftly beyond its lower-margin roots.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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By<\/strong><\/em> Jeongmin Seong, Jonathan Woetzel, and Kevin Wei Wang<\/p>\n

The Chinese are now the world\u2019s most avid online purchasers of goods and services, which they are likely to pay for through a mobile device.<\/p>\n

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The deepening digital ethos reflects a broader consumerization of the Chinese economy. These trends are creating fertile grounds for digital start-ups while also transforming traditional industries<\/a> such as specialty chemicals as they supply materials for advanced industries and higher-margin consumer goods.<\/p>\n

Yet global companies in China should ensure that they\u2019re not competing<\/a> for yesterday\u2019s markets.<\/p>\n

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Digital is fast, but it\u00b4s faster in China<\/strong><\/h2>\n

Everything speeds up in the digital economy, and nowhere is that more evident than in China. In little more than a decade, China has come from almost nowhere to become the largest e-commerce market in the world, accounting for more than 40% of global e-commerce transactions.<\/p>\n

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China\u2019s mobile payments are 11 times the value of those in the United States thanks to consumers\u2019 early embrace of the technology.<\/p>\n

This flourishing digital culture is paying innovation dividends as China is home to one in three of the world\u2019s start-up \u201cunicorns,\u201d those with more than a $1 billion market cap. And the country now places in the top rankings of global venture-capital investment in virtual reality, autonomous vehicles<\/a>, 3-D printing, robotics, drones<\/a>, and artificial intelligence.<\/p>\n

That innovation base is leading to a host of new business models based on emerging technologies that might soon revitalize other, previously lagging sectors of China\u2019s economy.<\/p>\n

New approaches\u00a0<\/strong><\/h2>\n

According to a recent report from the McKinsey Global Institute<\/a>, these new approaches include directly linking business buyers and suppliers in disintermediation plays, disaggregating incumbent value chains as digital attackers move in, and creating a raft of new digitally \u201cdematerialized\u201d products and services.<\/p>\n

Creative destruction on a grand scale, which would boost productivity and the international competitiveness of China\u2019s economy, might be next.<\/p>\n

Between 10 and 45% of revenue in China\u2019s industries could shift from old business models to new ones enabled by digital by 2030. The transformation is picking up steam: in 2013, industries in the United States were 4.9 times more digitized than ones in China; in 2016, that figure had fallen to 3.7 times.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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In little more than a decade, China has turned into […]<\/p>\n","protected":false},"author":8,"featured_media":17426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,1337],"tags":[99,1385,256,390,150,1259],"class_list":["post-17424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management-leadership","category-primezone","tag-ceo","tag-ceo-northam","tag-china","tag-ecommerce","tag-printed-version","tag-value"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/17424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=17424"}],"version-history":[{"count":6,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/17424\/revisions"}],"predecessor-version":[{"id":22522,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/17424\/revisions\/22522"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/17426"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=17424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=17424"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=17424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}