Industrial B2B online transaction advantages highlight the popularity of aviation airport supply chain e-commerce

Industrial B2B online transaction advantages highlight the popularity of aviation airport supply chain e-commerce

Xinhua Finance and Economics Hu Jiefei

March 15, 2020 15:11

Reading volume: 555000

The blockchain sales platform GoDirect Trade, owned by Honeywell, the leader of the US aviation manufacturing industry, continues to be favored by mainstream airlines, with Boeing purchasing up to $1 billion in aviation accessories from it. Cangshen Industry recently announced its official entry into the airport supply chain e-commerce industry to assist in digital procurement at airports.

Xinhua Finance and Economics Shanghai, March 15th (Reporter Hu Jiefei) With the increasing penetration of e-commerce into social production and life, some traditional B2B vertical fields have also gradually become e-commerce, giving birth to a group of vertical e-commerce such as Gongzhihui, Xiyu, Hemudu, etc. In the fields of aerospace and airports, this trend is gradually becoming apparent.

Recently, GoDirect Trade, a blockchain sales platform under Honeywell, a leading US aviation manufacturing company, has continued to gain the favor of mainstream airlines, with Boeing purchasing up to $1 billion in aviation accessories from it. In China, Cangshen Industry, committed to being the "airport equipment butler", recently announced its official entry into the airport supply chain e-commerce industry to assist in digital procurement of airports.

Cangshen started with luggage weighing equipment and currently has its own products covering various types of luggage handling equipment, passenger and freight handling equipment, breaking the monopoly of foreign enterprises in multiple fields. Huang Yifan, General Manager of Cangshen Industry, introduced that over a hundred domestic and international airports, including Kuwait Airport, Dubai Airport, Hong Kong International Airport, Daxing International Airport, Hongqiao International Airport, etc., are customers of Cangshen Industry.

It is understood that there are currently not many domestic enterprises in the field of aviation airport supply chain e-commerce, but many large multinational companies have targeted this market, such as the GoDirect Trade officially launched by Honeywell on December 17, 2018, which focuses on online transactions of aircraft components, hoping to bring changes to the traditional trading market. In addition, airport supply integrators including Siemens, Vanderland, Berman, and others are also interested in exploring related areas.

What are the advantages of new online trading platforms for airports and aerospace equipment compared to traditional trading markets?

In Huang Yifan's view, the first is that finding sources is more convenient. For example, in the past, completing a transaction may require making several phone calls and sending several emails, and the waiting time may be days or even weeks. But through Cangshen Industry's advanced search algorithms and intelligent filters, airport users only need to enter their own exclusive module to learn detailed information about the spare parts of the airport's luggage system.

It is reported that GoDirect Trade can easily track every step of purchasing parts based on blockchain technology, ensuring efficiency and transparency.

Secondly, analysis is more intelligent. Huang Yifan provides an example. Currently, many airports do not have a comprehensive understanding of the quantity of equipment to be purchased each year, but Cangshen Industry can provide accurate recommendations based on the number of spare parts purchased by the airport each year, as well as the operating years and operating times of the equipment, through big data analysis.

In addition, due to its long-term involvement in the airport field and strict supplier review system, Cangshen Industry is able to digitize equipment, which is conducive to inventory inventory inventory and improving industry transparency.

Although the airport industry is a traditional B2B market, both buyers and sellers have no objections to digitization. Huang Yifan said that although 80% of Cangshen Industry's sales currently come from foreign airports, in the next five years, China will build 168 new airports, which will be a market worth hundreds of billions.

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