Xiamen ITG Group Executive Vice President Rong Kunming outlined a new development pathway for supply chain globalization at the Third Global Expansion Summit in Singapore. The company’s strategy moves from global trader to industrial partner and ultimately to value chain integrator, aiming to integrate worldwide resources, industries, and markets. Xiamen ITG now operates more than 50 overseas branches and investment companies, with localized operations including a self-operated floating storage facility in Singapore that participates in the Platts fuel oil pricing window, an integrated wood chip operation in Vietnam covering the entire value chain from forest to port, and comprehensive supply chain services in Uzbekistan spanning the entire industrial chain. The company is also advancing an AI-powered supply chain strategy, including an intelligent iron ore decision-making model to improve market forecasting and resilience. Rong called for cluster-based globalization where companies expand overseas together through complementary capabilities and shared resources.
Xiamen ITG Group Corp LtdAI-powered supply chain strategy including intelligent iron ore decision-making model improves forecasting and resilience.