HANGZHOU, China, Nov. 8, 2019 /PRNewswire/ -- On June 27, 2019, the 4th Global Cross-border E-Commerce Summit was held at Hangzhou Baima Lake International Convention and Exhibition Center. With the theme of "Digital Empowerment and Industrial Integration", the summit discussed the impact of digitization on the global economy, cutting-edge trends in digital technologies, innovation of industrial digitization and Hangzhou's experience in global perspective.
At the same time, from the viewpoint on enterprise demand, the summit focused on interpreting the online platform trends, independent portal website startup and the application of industrial digitization.
ALLPCB is a successful business model of digital transformation in manufacturing while it was a traditional foreign trade manufacturer in Hangzhou. Its chairman and CEO, Mr. Zhou Bangbing, a B2B Internet pioneer, delivered a speech about "How the printed circuit board prototype market affects the future of B2B cross-border e-commerce?".
In the speech, Mr.Zhou elaborated the e-commerce development trends, ALLPCB's intelligent collaborative manufacturing and industrial digitization, etc.
ALLPCB keeps exploring to win in cross-border e-commerce
In 2013, Mr. Zhou Bangbing established a print circuit board (PCB) factory, which was his first attempt at transformation in manufacturing. In 2017, Mr. Zhou researched smart factories and then built another PCB factory in Anhui province. He is devoted to building an intelligent collaborative manufacturing platform.
At the summit, Mr. Zhou shared with the attendees his understanding about cross-border e-commerce for non-standard industrial products.
B2B has already gone through three stages of development. B2B 1.0 started from yellow pages, transactions were integrated into B2B 2.0. With B2B 3.0, more services (finance, logistics, etc.) are available.
Mr. Zhou believes that the future direction of B2B is the in-depth interconnection with the manufacturing industry because cross-border e-commerce can't be separated from it. In the near future, the core of e-commerce will be carried out on the "Supply-Side", thus B2B 4.0 must be the high level of integration with manufacturing industry.
ALLPCB's main business is PCB. The PCB market is not particularly large when it is compared with a global industrial market size, accounting for about 65 billion US dollars a year.
However, PCBs can be called "mother of the electronic industry" and it is the backbone of all electronic products. All the electronic components need to be placed on the boards before they work. PCBs can be found in all electronic devices and portable gadgets.
Regarding the market-entry strategy, there is a big difference between B2B and B2C. PCB prototypes are a must in the manufacturing process. Orders of B2C and B2B can range from hundreds to millions respectively. Both of factories and clients are under pressure to deal with a small order proofing service.
ALLPCB focuses on such a professional manufacturing service, no matter where the order comes from -- a small production studio or the world top 500 enterprises. By proofing services, ALLPCB deals with a huge number of customers enquiries -- from a small batches to assembly production. ALLPCB can upgrade prototypes - bulk orders - assembled products.
ALLPCB's approaches to overcome difficulties in cross-border business
Firstly, time difference. Secondly, goods are non-standard and can't be seen physically. Thirdly, the products become more personalized and they are in only small batch orders. Finally, the delivery time of traditional factories is unsatisfactory.
As a leading B2B cross-border business with high frequent procurement capabilities, ALLPCB runs its self-operated & own branded portal website (allpcb.com). A huge number of customers are acquired through Google, Facebook, electronics engineer fora, electronic industry communities and so on.