Core Insights - The global economic and trade landscape is undergoing significant changes, with trends towards friend-shoring, near-shoring, and localization of supply chains becoming more pronounced [1] - Establishing a high-quality supply chain system is essential for reducing logistics, production, and operational costs, as well as ensuring the security of industrial chains and stable economic operations [1] - The global standard of product barcodes effectively addresses the interoperability of product data in cross-border circulation, significantly lowering the international market entry costs for enterprises [1] Group 1 - The GS1 global unified coding identification system consists of three parts: identification, collection, and sharing, providing a unique coding identifier for various trade projects, logistics units, assets, locations, and service relationships in the supply chain [1] - Product barcodes serve as an "international passport" and "digital ID" for products, containing essential information such as model, specifications, production date, raw materials, usage methods, and full supply chain circulation information [2] - The existence of product barcodes allows global trade partners to recognize and interpret product information using a common "language," significantly reducing technical barriers and communication costs in cross-border trade [2] Group 2 - As of now, nearly 230 million categories of consumer goods in China are registered for product barcodes, assisting over 600,000 enterprises in synchronizing their product information globally [2] - Product barcodes play a crucial role in the "old-for-new" subsidy program, being a necessary condition for the registration of subsidized products, enhancing the processes of subsidy application, supervision, risk prevention, and data sharing [2] - The China National Center for Commodity Codes, under the State Administration for Market Regulation, is the specialized institution responsible for the unified organization, coordination, and management of product barcodes and automatic identification technology, having established the world's largest product database [2]

Core Points - The initiative "Building a Commodity Barcode Ecosystem to Promote Digital Upgrade of Procurement Supply Chain" was officially launched, aiming to enhance the uniqueness of product identification and improve data quality in the procurement sector [1][2] - The initiative involves participation from state-owned enterprises in various industries such as energy, finance, and steel, as well as standardization organizations from regions like Anhui, Hebei, Jiangsu, and Guangdong [1] - The initiative emphasizes the importance of standardized data exchange and the implementation of "source coding" to facilitate seamless communication and data sharing among procurement parties [1] Industry Challenges - The procurement sector faces challenges such as difficulties in collaboration among supply chain parties, chaotic product data management, and inflated prices [1] - The lack of a unified standard mechanism for coding rules leads to poor information communication and data sharing [1] - Non-standardized data collection and processing methods hinder the digital transformation of the procurement field [1] Digital Transformation - The standardization of commodity barcodes is crucial as it serves as a key link between the physical and digital worlds, impacting the digital transformation process of industries [1] - The initiative is seen as a strong response to current market demands and aims to lay a solid foundation for efficient circulation of goods in the digital procurement supply chain [2]