JD.com, China’s largest e-commerce retailer, launched China’s first 5G-powered smart logistics park in Beijing as a major development in the company’s strategy to couple 5G networks with IIoT applications across its supply chain. The warehousing facility is equipped with a new real-time monitoring system, which keeps track of assets such as forklifts and pallets, and detects problems as they occur to ensure a quicker solution. “The 5G network creates an unprecedented level of real-time connectivity, significantly improving the efficiency of JD’s fulfilment operations”, said Wenming Zhe, chief architect of logistics R&D, head of 5G-powered smart logistics park projects at JD Logistics. JD recently launched a new research center in Xiongan, China, dedicated to developing futuristic automation technology for urban logistics in smart cities in China.JD.com, China’s largest e-commerce retailer, launched China’s first 5G-powered smart logistics park in Beijing as a major development in the company’s strategy to couple 5G networks with IIoT applications across its supply chain. The warehousing facility is equipped with a new real-time monitoring system, which keeps track of assets such as forklifts and pallets, and detects problems as they occur to ensure a quicker solution. “The 5G network creates an unprecedented level of real-time connectivity, significantly improving the efficiency of JD’s fulfilment operations”, said Wenming Zhe, chief architect of logistics R&D, head of 5G-powered smart logistics park projects at JD Logistics. JD recently launched a new research center in Xiongan, China, dedicated to developing futuristic automation technology for urban logistics in smart cities in China. Microsoft published its “2019 Manufacturing Trends Report”, which explores six emerging manufacturing trends that empower manufacturers to design more intelligent operations and increase the speed of doing business. According to the report, the average price of an IoT sensor has declined from US$1.30 in 2004 to US$0.44 in 2018. The market size for sensors and controllers is projected to grow to US$6.1 billion by 2020, and there will be 36.13 billion connected IoT devices by 2021. Global manufacturers are projected to invest US$70 billion on IIoT technologies and solutions in 2020, up from US$29 billion in 2015. Connected devices are helping manufacturers to increase profitability and productivity – a survey in 2014 showed that manufacturers who used connected devices between 2013 and 2014 saw a 28.5% increase in profits. The 2019 Global Smart Supply Chain Summit was held on October 29 in Beijing, bringing together a number of supply chain leaders to discuss the latest technologies and the benefits they can provide for businesses and consumers. At the summit, JD Logistics announced the launch of its Open Platform for the Digital Supply Chain with their enterprise partners, which aims to enhance the efficiency and transparency of supply chains in traditional industries. The 3rd Annual IIoT Strategies Summit 2020 will be held in Lisbon, Portugal on April 1-2, 2020. The brochure of the Summit including the draft agenda and the list of confirmed speakers has been announced and posted. JD.com, China’s largest e-commerce retailer, launched China’s first 5G-powered smart logistics park in Beijing as a major development in the company’s strategy to couple 5G networks with IIoT applications across its supply chain. The warehousing facility is equipped with a new real-time monitoring system, which keeps track of assets such as forklifts and pallets, and detects problems as they occur to ensure a quicker solution. “The 5G network creates an unprecedented level of real-time connectivity, significantly improving the efficiency of JD’s fulfilment operations”, said Wenming Zhe, chief architect of logistics R&D, head of 5G-powered smart logistics park projects at JD Logistics. JD recently launched a new research center in Xiongan, China, dedicated to developing futuristic automation technology for urban logistics in smart cities in China.