A Study on the Path of Improving the Modernization Level of Industrial and Supply Chains

• Published in: China Economic Transition 2022, Vol.5 (3), p.349-387
• Main Author: Research Group of Institute of Industrial Economics of Chinese Academy of Social Sciences (CASS)
• Format: Article
• Language: English
• Subjects: Coordination; industrial chain, supply chain, modernization of industrial chain, security of industrial chain; Innovations; Modernization; Reliability; Supply; Supply & demand; Supply chains; Technological change; Uncertainty; Value chain
• ISSN: 2096-5478
• DOI: 10.3868/s060-014-022-0017-3

It is well known that a lot of studies have been conducted on the modernization of industrial and supply chains. However, scholars have not reached a consensus on the definition and dynamic mechanism of the improvement of the modernization level of industrial and supply chains yet. This paper clarifies the constituent factors of industrial and supply chains and defines the connotation of improvement of the modernization level of industrial and supply chains from the perspective of constituent subjects and structure according to the characteristics and requirements of the new era. Then, the paper proposes improving the modernization level of industrial and supply chains aiming to make it more adaptable to the requirements of Chinese development in a new stage, the increasing instability and uncertainty in the international environment, and a new round of technological change. To this end, the improvement of the modernization level of industrial and supply chains should embrace the further enhancement of the following dimensions: innovation capability, added value, sustainability, digitalization, safety and reliability, fairness, and smooth coordination. Based on the analysis of the upgrade types of the existing industrial and supply chains, this paper distinguishes the factors driving the improvement of the modernization level of industrial and supply chains from a basic level. It proposes four basic dynamic mechanisms, namely, final demand, factor supply, regional industrial cluster, and integration into the global industrial division system. Finally, the paper analyzes the working way of the four dynamic mechanisms and the main constraints they face, and based on this, put forward a path to break through the constraints.