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'Big data' in the cotton textile industry needs continuous improvement

by:Chengyi     2021-03-15
On May 23, the 2017 Cotton Textile Industry Chain Development Forum under the “Big Data” strategy was successfully held in Lanxi, Zhejiang. At the meeting, Ms. Zhu Beina, President of China Cotton Textile Industry Association, pointed out in her speech that “big data is an effective way to reduce costs, improve product quality and comprehensive benefits. Whether you are willing to enter this platform or not, big data applications are a trend. But the industry The big data of China is still in the'primary' development stage and needs to be continuously improved, and needs to be transformed into productivity and economic benefits.'   As a special guest of this conference, Mr. Duan Xiaoping, vice president of China Textile Industry Federation and president of China Chemical Fiber Industry Association, gave a speech on the theme of 'Big Data Seeing the Development of Textile Industry'. He put forward: 1. Big data is everywhere, Internet + textiles promote the quality and efficiency of the industry, change the value model of the industry, and create new ideas for industrial development. 2. Although the growth rate of my country's textile and apparel exports has slowed down, its share in the global market has not decreased. 3. Chemical fiber export is the only sub-sector in the textile industry where both volume and price increase. 4. 84 effective questionnaire surveys from China Cotton Banking Association show that the informatization construction of textile enterprises is mainly concentrated in the ERP office informatization stage; the coverage of production informatization, product database establishment and self-built marketing platform construction needs to be expanded. In addition, Mr. Lin Zhiying, Global Value Chain Expert of the Economic and Trade Policy Advisory Committee of the Ministry of Commerce, said, “Products and services are the core and key of the smart supply chain. Enterprise informatization includes not only internal informatization, but also external informatization. In marketing informatization, data in different links must be connected and applied to serve business decision-making.' Mr. Wu Faxin of Shanghai Yarnbao Technology Co., Ltd. believes that “the Internet is a'weapon' rather than a'artifact', and the construction of big data in the textile industry needs to be led by the government and associations.” Mr. Zhan Yi, Manager of Agricultural Products Department of Zhengzhou Commodity Exchange, introduced The history of cotton futures, operation methods and effects on the industry, etc., and introduced several work conditions such as futures plus insurance and cotton yarn futures. Mr. Chai Fangjun, Chairman of Shanghai Dingtian Fashion Technology Co., Ltd., introduced Dingtian’s personalized customization model. Ms. Cui Jiannan, head of China Telecom's Zhejiang Industrial Cluster, proposed 'building an industrial cluster ecological cloud platform that connects suppliers, manufacturers, partners, downstream demand, and the government.'  In the guest forum, the 'new economy' situation of the integration of Internet + and the textile industry' and 'the transformation of the supply of cotton (yarn) by financial and futures derivatives' were launched. In the first forum, the guests thought: 1. Whether it is the Internet or production technology, it is to maintain the spirit of openness, sharing and inclusiveness, solve the problem of information asymmetry, and open up sales channels; 2. The textile industry platform should focus on segmentation The market is refined and meticulous; 3. Online is the window, and offline services should be emphasized. The most important thing is to integrate the supply chain and find a model suitable for the company's own development. In the second forum, the guests thought: 1. The cotton gap of 2.1-2.7 million tons has become normal, and the supply of reserve cotton must be guaranteed by the end of August; 2. The integration of cotton circulation methods and Internet financial tools has innovated textile enterprises Purchasing channels also reduce capital risks; using cotton point price transactions to facilitate textile companies to lock in costs; 3. Cotton futures are greatly affected by policies, and textile companies should pay attention to the rigid needs of entities and reduce speculation; 4. Future cotton yarn futures will be listed It will bring more ways of hedging for textile enterprises. Article keywords:  Big Data Cotton Spinning Industry Chain Forum
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