The Third Beijing Forum on the Modernization of Economic Circulation in China has been held recently. The forum was sponsored jointly by Beijing Wuzi University and the China Federation of Logistics and Purchasing, the country’s only legal large-scale comprehensive social organization.
The forum agreed that a restructuring of the logistics industry is of vital importance. This is not only required to support the industry’s own development but to improve and extend the services suplied to all other industries.
In revitalizing the logistics industry it was suggested great efforts should be made to foster a batch of key logistics enterprises or firms with relatively strong competitive positions.
At the same time immense efforts should focus on the logistics infrastructure development to raise the logistics-based standards and to reduce the material cost and the flow cost of transport and storage, and to establish and further improve the policy setup for the growth of logistics industry.
This is plain, good common sense.
China has always worked at the disadvantage in that its logistics, as a percentage of the cost of manufactured goods, was much higher than that of other countries. Improving logistics so that the service can be improved and the price as a percentage of the cost of goods lowered is clearly a high priority.
English People’s Daily Online reported that the strong suggestion was made that ‘incubation’ bases should be set up for the training of qualified personnel. At the same time more laboratories should be added to institutions of higher education dealing with logistics.