Author(s)

Can Xu, Peipei Qi, Michal Fabus, Niaoer Yao

Corresponding Author

Can Xu

ABSTRACT

The digital technology revolution has brought about a new form of digital economy and accelerated the digital transformation of the manufacturing value chain. Digital technology drives the manufacturing value chain to achieve the goals of technological innovation, production cost reduction and sales service personalization, reshaping the division of labour and status of the value chain. Therefore, digital transformation is an inevitable choice for the manufacturing industry to achieve value chain climbing. The manufacturing industry in Zhejiang Province is large in scale and has a good development momentum. However, in the context of digital economy, the digital reform of manufacturing industry in Zhejiang Province is not strong, and the climbing of manufacturing value chain lacks effective assistance. Based on the analysis of the mechanism of digital technology-driven manufacturing value chain climbing, this paper discusses the current situation of manufacturing value chain development in Zhejiang Province and explores the problems of manufacturing digital reform, and puts forward suggestions for digital technology-enabled manufacturing value chain climbing in Zhejiang Province from four aspects: policy design, industrial change, facility construction and talent system.

KEYWORDS

Digital technology, digital economy, manufacturing, value chain climbing