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Fragmented supply chains benefit no one – Huawei

by Financial Street
May 21, 2020
in Innovation
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Fragmented supply chains benefit no one – Huawei

Huawei's Rotating Chairman, Guo Ping, delivering his keynote speech at the 17th annual Global Analyst Summit

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“Today, the world is an integrated collaborative system. The trend of globalisation should not and will not likely be reversed. Fragmented standards and supply chains benefit no one, and further fragmentation will have a severe impact on the entire industry.

“The industry as a whole should work together to strengthen IPR protection, safeguard fair competition, protect unified global standards, and promote a collaborative global supply chain.”

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These were the words of Huawei’s Rotating Chairman, Guo Ping, at Huawei’s 17th annual Global Analyst Summit in Shenzhen, both onsite and online.

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Fragmented supply chains benefit no one – Huawei
Huawei’s Rotating Chairman, Guo Ping, delivering his keynote speech at the 17th annual Global Analyst Summit

At the event, Huawei was joined by over 2,000 analysts, key opinion leaders,and media representatives from a range of industries, including telecoms, the Internet and finance.
Together, they discussed how the industry could work together to weather the difficult times, achieve win-win outcomes and accelerate the arrival of the intelligent world.

At the opening of the event, Ping delivered a keynote speech entitled ‘Huawei: A Year and Beyond.’ He started by sharing Huawei’s experience and business results of the past year.

He said, “Over the past year, many technologies became unavailable to us. Despite this, Huawei struggled to survive and is striving to move forward.”

Huawei has long been an active contributor to the Information and Communication Technology industry. Since it was founded, it has been committed to bringing digital to more people, homes, and organisations to move the world forward. In the past 30-plus years, Huawei has deployed over 1,500 networks in more than 170 countries and regions, serving over three billion people worldwide.

“We also provide smart devices to 600m consumers. United States actions against Huawei will not only harm Huawei, but also harm the experiences of customers and consumers that use Huawei’s products and services.

“ICT infrastructure is the foundation of the intelligent world. By 2025, the digital economy will represent an industry worth $23tn. The ICT industry still has great potential. Standing at the threshold of the intelligent world, we can see more opportunities than challenges for the ICT industry.

“Looking ahead, Huawei will continue investing and innovating in three domains: connectivity, computing, and smart devices. We will work with customers, partners, standards organisations, and all other industry players in domains like supply chain, standards and talent cultivation to encourage open collaboration, promote inclusive industry development and explore the future together,” Ping stated.

The first Huawei Global Analyst Summit took place in 2004, and has been held annually ever since. This year’s summit runs from May 18 to 20, with a series of parallel sessions. Attendees include industry experts from around the world, who discuss and share their insights into industry trends, tech trends, and global collaboration. For more details, please visit https://www.huawei.com/en/press-events/events/has2020

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