As German enterprise software giant SAP looks to expand in China in a big way, it is looking to more partnership opportunities in the country.
Last year, it expanded its cloud solutions for companies on the
Cloud platform — an arm of the Chinese e-commerce giant. As part of the collaboration, both companies said they would jointly innovate and commercialize products.in Dalian, China, SAP's Executive Vice President Deepak Krishnamurthy told CNBC: "We believe in the partnership model." "At the same time, we are also innovating in China for China. We have over 3,000 developers in China. We have a massive China acceleration plan," said Krishnamurthy, who is responsible for shaping SAP's global strategy."There's a huge opportunity in China. 50% of companies in U.S. and Europe are already looking at smart factory solutions, compared to 25% in China. So we think there's an opportunity gap," he said.While the trade war between the U.S.
SAP's customers are in globally connected supply chains and his company's solutions can "help them manage supply chain decisions" using data, he said.: Companies are moving their manufacturing work from China — into other parts of the world such as Southeast Asia. Importers from both the U.S. and China are also sourcing for products from alternative locations not targeted by tariffs, according to economists.as companies consider moving their supply chains into Southeast Asia, small and medium enterprises in the region will adopt more technologies in their daily operations that could potentially create a $1 trillion opportunity.
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