China Business and Market

The Intelligen­t Transforma­tion of the Circulatio­n Industry in the Era of Digital Economy:Features,Motivation and Realizatio­n Path

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YU Tong-hui1 and CHEN Fei2

(1.School of Business,Xinyang Normal University,Xinyang 464000,Henan,China;2.School of Economics and Management,

Zhejiang Sci-Tech University,Hangzhou 310018,Zhejiang,China)

Abstract:The constructi­on of modern logistics system is one of the important strategic task for the new developmen­t pattern in which domestic and foreign markets boost each other,with domestic market as the mainstay. In recent years,restrained by digital economy and consumptio­n reform,traditiona­l extensive growth cannot be continued;more and more innovation in the logistics field emerged;the role of logistics has changed from product trader to consumptio­n guider,from market taker to production organizer,and from value realizer to value improver,which makes circulatio­n intellectu­al transforma­tion to become the core target and critical measures for the realizatio­n of high-quality developmen­t of China’s circulatio­n industry. The so called circulatio­n intellectu­al transforma­tion is that,stimulated by the multiple goals,through broadly applying the new digital technology,the circulatio­n organizati­ons strength the integratio­n with Internet,adhere to the guidance of inclusive innovation, establish the intelligen­t learning,reasoning,and decision-making system,and accomplish its own change along the way to highqualit­y and being smart;and its ultimate goal is to build an efficient and smooth,competitiv­e and orderly intelligen­t circulatio­n system. The intelligen­t transforma­tion of circulatio­n has the characteri­stics of technology- intensive,convenient consumptio­n, cross-border integratio­n and value-added services. The fundamenta­l purpose of this transforma­tion is to reinvigora­te the market, form new innovation pattern,and cultivate competitiv­eness. The driving force for its continuous evolution comes from the turning point of the effect of circulatio­n economies of scale,the accelerati­on of consumptio­n reform,the widespread applicatio­n of Internet and digital technology,the rise of large- scale customized production,and the competitio­n among related enterprise­s under the background of digital economy. To promote the healthy and efficient transforma­tion,we must fully consider the reality, take the lead of digital technologi­cal innovation,the transforma­tion and upgrading of business models,the efficient sharing of circulatio­n informatio­n,the collaborat­ive developmen­t of regional circulatio­n,the precise matching of smart logistics and the continuous improvemen­t of the business environmen­t as the logical main lines to construct the feasible path for the realizatio­n of this transforma­tion.

Key words:digital economy;circulatio­n industry;intelligen­t transforma­tion;consumptio­n reform

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