Research On The Implementation Of Shuanghui’s Whole Industry Chain Development Strategy And Its Impact On Financial Performance

With the rapid development of social economy,various industries began to gather,and the focus of competition expanded from a single link to the whole industrial chain.The "whole industrial chain" has become the pursuit goal of various industry leaders,especially in the increasingly competitive meat processing industry.The meat processing industry has the characteristics of long industrial chain and close links in all links of the industrial chain.Therefore,the "whole industrial chain" has a particularly significant impact on the enterprises in the industry.Shuanghui Development is a typical example.The whole industry chain strategy is an effective combination of vertical integration and correlation diversification.Through the integration of national and even global resources,enterprises can realize diversified operation and international operation faster and better.Therefore,it is particularly important to evaluate the implementation of the whole industry chain strategy and its impact on financial performance.Comprehensive and effective financial performance analysis can not only help enterprises summarize the experience of the integration of the whole industrial chain,understand the deficiencies in the process of strategy implementation,find management problems and change the focus of future work,but also provide valuable experience for other enterprises in the same industry,promote the reform and upgrading of the whole industry,and guide the healthy development of meat processing industry.Based on the background of appeal,this paper takes Shuanghui development as an example to deeply explore the path of its whole industry chain strategic integration and its impact on financial performance.Firstly,combined with relevant literature at home and abroad,this paper introduces the definition of the whole industrial chain and the connotation of the whole industrial chain strategy in detail.Secondly,it describes the internal and external environment of the implementation of Shuanghui’s whole industry chain strategy,and systematically discusses its implementation path from both horizontal and vertical aspects.Finally,the paper uses Du Pont analysis method to make a comprehensive analysis of the financial performance of Shuanghui development,in order to analyze the impact of the implementation of the whole industrial chain strategy on Shuanghui development through financial performance.The analysis results of financial performance show that through the implementation of the whole industry chain strategy,Shuanghui development has expanded the production scale,improved the industrial structure,improved the ability to deal with risks and the core competitiveness of enterprises,and firmly sat in the first place in the meat processing industry.Through the case study,we can get the following enlightenment: the construction of the whole industrial chain can not be completed overnight.Enterprises need to make timely adjustments according to their own capabilities and controlled resources,comply with the development trend of the times,strengthen the connection between various links in the industrial chain,and reduce the management cost as much as possible,Enterprises need to increase investment in independent innovation and improve their core competitiveness.