G20-LED Guangzhou Summit: LED industry opportunities in a global perspective
[High-tech LED reporter Guangzhou report] On August 16, 2012, the 1st meeting of the 2nd G20-LED Summit was successfully held at the Westin Guangzhou Canton Fair.
The G20-LED Summit was officially established on August 29, 2011. Since its first meeting, it has received the attention and support of LED industry, capital, and government leaders.
With the joint efforts of the first member companies, the G20-LED Summit passed a formal theme meeting to discuss the actual development of industry and enterprises. We issued a positive appeal to the government and the industry for industrial development, thus guiding the industry and to a certain extent. The sound development of the enterprise. At the same time, the organizing committee visited the member companies to understand the real needs and promoted effective exchanges and cooperation among some member companies.
The first "G20-LED Summit" held three CEO summits and one CTO meeting. It passed a series of internal member company cooperation proposals and formed a series of action initiatives. The "Gazette" reached at the three summits, through a series of specific initiatives initiated by the members of the summit, is an unprecedented spontaneous and unified action in the industry, with the aim of promoting the standardized and orderly competition of the LED industry and continuing healthy development.
Today, the second G20-LED Summit member companies have successfully changed. At present, 9 of the 20 member companies are domestic A-share listed companies. The member companies basically cover all segments of the middle and lower reaches of the LED industry chain, and are high-quality brand enterprises in various fields.
Global industry competition
After years of rapid growth in the LED industry and gradual participation in global competition, it is necessary for LED companies to revisit from a global perspective.
In the past, due to the small scale of domestic LED companies, the growth rate is extremely fast, and they are already among the leaders in their respective fields. Because of this, they are still outside the attention of most global competitors, so they can systematically build the capabilities needed to go global. Their cost is their own proprietary technology and local market operation advantages.
But now, whether it is a large state-owned enterprise or a private enterprise with strong market competitiveness, it faces enormous challenges in improving productivity. Before they truly participate in global competition and become a world-class LED lighting company, there is still a long way to go without exception. At the same time, many domestic LED companies have competed face-to-face with multinational companies in the global market, and their degree of globalization in operations, organization and management is gradually increasing.
Therefore, LED companies need to consider the positioning, opportunities, challenges and breakthroughs of the company in a global perspective.
G20–LED Summit members agreed that the future development of the LED industry will mainly focus on creating new products and supply chain value systems, not capacity. There are many innovative companies in China, and as a member of the G20-LED Summit, it will be the most innovative enterprise in the LED industry in China and the world. At the same time, more innovations will accelerate the development of the LED industry.
The G20-LED Summit was officially established on August 29, 2011. Since its first meeting, it has received the attention and support of LED industry, capital, and government leaders.
With the joint efforts of the first member companies, the G20-LED Summit passed a formal theme meeting to discuss the actual development of industry and enterprises. We issued a positive appeal to the government and the industry for industrial development, thus guiding the industry and to a certain extent. The sound development of the enterprise. At the same time, the organizing committee visited the member companies to understand the real needs and promoted effective exchanges and cooperation among some member companies.
The first "G20-LED Summit" held three CEO summits and one CTO meeting. It passed a series of internal member company cooperation proposals and formed a series of action initiatives. The "Gazette" reached at the three summits, through a series of specific initiatives initiated by the members of the summit, is an unprecedented spontaneous and unified action in the industry, with the aim of promoting the standardized and orderly competition of the LED industry and continuing healthy development.
Today, the second G20-LED Summit member companies have successfully changed. At present, 9 of the 20 member companies are domestic A-share listed companies. The member companies basically cover all segments of the middle and lower reaches of the LED industry chain, and are high-quality brand enterprises in various fields.
Global industry competition
After years of rapid growth in the LED industry and gradual participation in global competition, it is necessary for LED companies to revisit from a global perspective.
In the past, due to the small scale of domestic LED companies, the growth rate is extremely fast, and they are already among the leaders in their respective fields. Because of this, they are still outside the attention of most global competitors, so they can systematically build the capabilities needed to go global. Their cost is their own proprietary technology and local market operation advantages.
But now, whether it is a large state-owned enterprise or a private enterprise with strong market competitiveness, it faces enormous challenges in improving productivity. Before they truly participate in global competition and become a world-class LED lighting company, there is still a long way to go without exception. At the same time, many domestic LED companies have competed face-to-face with multinational companies in the global market, and their degree of globalization in operations, organization and management is gradually increasing.
Therefore, LED companies need to consider the positioning, opportunities, challenges and breakthroughs of the company in a global perspective.
G20–LED Summit members agreed that the future development of the LED industry will mainly focus on creating new products and supply chain value systems, not capacity. There are many innovative companies in China, and as a member of the G20-LED Summit, it will be the most innovative enterprise in the LED industry in China and the world. At the same time, more innovations will accelerate the development of the LED industry.
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