JD Hardware City Partners with Hebei Fastener Industry for Digital Upgrade in Yongnian Belt

On May 29th, JD · Yongnian Fastener Investment Conference was held in Handan City, Hebei Province. Leaders and experts from Yongnian District Government, Yongnian Fastener Development Service Center, and Hebei Fastener Industry Association attended the conference. At the event, JD Hardware City signed a three-year strategic agreement with the Hebei Fastener Industry Association. In the future, both parties will not only deepen joint construction in areas such as product quality testing and recommending good stores for enterprises, but also fully leverage the advantages of the digital supply chain to help local businesses reduce operating costs, improve operational efficiency, and promote the digital upgrading of the entire Hebei Province (Yongnian) fastener industry belt.

Yongnian District of Handan City is the largest distribution center for fastener production and sales in China. It is a national level characteristic industrial cluster for small and medium-sized enterprises and a national foreign trade transformation and upgrading base recognized by the Ministry of Commerce. It is known as the "Capital of Fasteners in China". The local industrial foundation is solid, not only capable of producing all 12 major categories and 289 sub categories of products specified in the National Standard Catalog of Fasteners, but also forming a complete industrial chain from raw material supply to cold heading, hot stamping, forging, surface treatment, product packaging, marketing, e-commerce, logistics and transportation. In 2023, the production of fasteners in the entire region will reach 6 million tons, with an output value of 42 billion yuan, accounting for about 58% of the national market share and 28% of the global market share.

In order to accelerate the development of the local fastener industry towards high-end, intelligent, and green development, Yongnian District has also issued the "Three Year Action Plan for the Transformation and Upgrading of the Fastener Industry" this year, strengthening the construction of the park platform, strengthening and refining the industrial chain, and optimizing the element structure in all aspects. As a provider of industrial supply chain technology and service solutions under JD Group, JD Industry can provide intelligent supply chain solutions based on industrial efficiency, providing strong support for local businesses' supply chain transformation and upgrading.

Specifically, in the traditional fastener sales system, there are numerous intermediate links that not only invisibly bring additional transaction and marketing costs to merchants, but also make it difficult for enterprises to obtain user feedback in a timely manner. The digital supply chain created by JD Industry can directly link the supply and demand sides through technology, which can not only effectively narrow the distance between merchants and customers, help merchants accurately understand terminal needs, improve research and development efficiency, but also effectively reduce intermediate links and achieve more competitive prices. In the process of performance and delivery, the traditional distribution system also goes through layers of transportation from district agents, provincial agents, and city agents, consuming a lot of manpower, warehousing, and logistics costs. JD Industry can help merchants connect national warehouse allocation resources, achieve algorithmic unified scheduling, and automatically determine the optimal value delivery path from multiple dimensions such as cost, inventory, and timeliness, reducing the number and distance of product handling from the source.

In addition, JD Industrial's extensive customer coverage can also help businesses quickly attract new customers and expand new business opportunities. Through JD Hardware City, merchants can not only accurately reach over 2.6 million small and medium-sized enterprise customers, but also leverage billions of individual consumers through the JD main website, greatly improving customer acquisition efficiency.

The person in charge of JD Industry stated that Yongnian is a nationally renowned fastener industry belt and a key area for the layout of the JD Hardware City industry belt. Through this investment promotion, we hope to attract more high-quality local merchants to join the JD Hardware City ecosystem and achieve common growth.

Looking to the future, JD Industrial will also delve into more industrial belts across the country, excavate treasure factories at the source of the industrial chain, bring excellent industrial belt brands to the forefront, and promote innovation and upgrading of the entire five industries while bringing more high-quality products with ultimate cost-effectiveness to individual consumers and small and medium-sized enterprises.