Recently, Frost & Sullivanfrost &The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit 2024, co-hosted by Frost & Sullivan and LeadLeo, was successfully held at the Jing'an Ruiji Hotel in Shanghai. The theme of this year's Frost & Sullivan New Investment Conference is 'Gather Strength & Win the Future with Quality'. It brings together the wisdom and strength of the global industry, academia, and investment community to jointly explore new growth points, new markets, and new tracks for China's economy in the new era.
Mr. Peter Fung, Chairman of the Global Board of Directors of Frost & SullivanDavid Frigstad delivered a speech via video to the conference.
Chairman of the Global Board at Frost & Sullivan Mr. Fuda Wei (David(Frigstad)
The following is Mr. Fuda Wei (David Key points of Frigstad's speech:
Welcome everyone. I am extremely proud to welcome you to this year's 18th Growth Innovation and Leadership Summit Shanghai China.
Hello everyone! I am honored to welcome you to the 18th Frost & Sullivan Growth, Innovation and Leadership Summit (referred to asGIL Summit).
I'm sorry I'm not there with you, but I'm with you in spirit.
It's a pity that I couldn't be there in person, but my heart is connected to yours.
And I'm so grateful that we're all here together at this record-breaking GIL event.
I'm extremely grateful that we were able to achieve this record-breakingGIL meets at the event.
What excites me about this year's GIL event is what's happening in the global economy, which we call the Intelligence Revolution.
this yearWhat is exciting about the GIL Summit is the transformation that the global economy is undergoing, which we call the intelligent revolution.
The first phase of history was truly shaped by the Industrial Revolution, which took about 150 years and had a profound impact on productivity, ranging from one to a thousandfold.
The first half of history is aboutThe Industrial Revolution, which spanned 150 years, had a thousandfold impact on productivity.
What we're going through right now is the Intelligence Revolution, which will probably occur in ten years, and we may see another tenfold increase in productivity over that period, which means there are unprecedented opportunities bubbling up all over the world.
The intelligent revolution that we are currently experiencing is expected to be completed within ten years. During these ten years, our productivity could increase by hundreds or thousands of times. This means that unprecedented opportunities are emerging around the world.
At the same time, incumbent competitors or players in the global economy face significant risks of being harmed by this transformation.
At the same time, existing competitors or participants in the global economy are facing significant risks of being impacted by this transformation.
This is what the Growth Innovation and Leadership Summit is all about - coming together to understand the transformation, what growth opportunities will stem from it, and what best practices we need to embody to outperform our toughest competitors.
This is precisely the significance of the Growth, Innovation and Leadership Summit: people gather together to understand this transformation, discover the growth opportunities that arise from it, and discuss the best practices we need to adopt to defeat our strongest competitors.
So it's very interesting at the moment, because I feel there are unprecedented opportunities for Chinese companies like yours to leverage their skills in manufacturing and best practices, as well as the technology integration that's been happening so well here in China.
I believe that the Chinese enterprise representatives here all have unprecedented opportunities, leveraging your skills and best practices in manufacturing, as well as the successful technology integration that has been achieved in China.
These can now be scaled globally, creating fantastic opportunities, especially as the world goes through this transformation driven by advanced manufacturing, robotics, AI... all of these things that you're integrating now to make you much stronger and faster competitors.
These can now be rolled out globally, creating excellent opportunities, especially as the world undergoes a transformation driven by advanced manufacturing, robotics, and artificial intelligence. All these technologies that you are integrating now will make you a stronger and faster competitor.
To do this, you really need to understand not only what is transforming the industry you are participating in but also creating the ecosystem of the entire value chain.
To achieve this goal, you not only need to understand the factors changing the industries you are involved in but also need to build an ecosystem across the entire value chain.
And this is not just the supply chain, but also the customer value chain, the marketing value chain, the technology value chain, and who are the right partners you want to invest with to develop these opportunities.
This is not just a supply chain issue, but also includes the customer value chain, marketing value chain, technology value chain, as well as suitable partners with whom you wish to invest and collaborate to develop these opportunities.
So having a much more global mindset of how we're going to exploit these opportunities around the world.
Therefore, you need to have a more global mindset to consider how to leverage these opportunities on a global scale.
This is really a great time for Chinese companies to explore these global opportunities.
For Chinese enterprises, this is indeed an excellent time to explore these global opportunities.
On behalf of the entire Frost & Sullivan Global Team, I would like to first express my gratitude to everyone in the audience for your loyalty and dedication, taking valuable time out of your lives to help make this GIL event so powerful and popular, and bringing such great value to all of us.
On behalf of the entire Frost & Sullivan global team, I would like to first express my gratitude to all of you here for taking the time out of your busy schedules to contribute to thisThe GIL Summit is so influential and popular, bringing tremendous value to all of us.
So thank you to all of our participants, clients, delegates, and speakers. Big thank you.
I would like to thank all the participants, customers, representatives, and speakers. Thank you very much.
I would also like to thank my good friend and partner, Dr. Neil Wang, who made all this possible.
I would also like to thank my good friend and partner, Dr. Wang Xin, who made all of this possible.
He is by far the best leader we have in taking on Frost & Sullivan's vision not only in China but across the entire global economy.
He is our most outstanding leader, bringing the Frost & Sullivan vision not only to China but also into the entire global economy.
Dr. Wang, thank you very much.
Dr. Wang, thank you very much.
And I would also like to express my heartfelt gratitude to the entire Frost & Sullivan team that is here with us today to make your experience the absolute best.
I would also like to express my heartfelt gratitude to all the Frost & Sullivan team present today, who have brought the entire event experience to its optimal state.
So have a great time finding some new growth opportunities, meeting some new friends, developing partnerships, and I look forward to seeing you next year.
I hope everyone can have a pleasant time, find some new growth opportunities, make new friends, develop more partnerships, and sincerely look forward to meeting with you again next year.
Thank you so much. Xie Xie.
Thank you very much.
