Page 16 - MMI-Oct2022- upload

VIEWPOINT

Source: Magic Wand Media

COPING WITH MARKET DISRUPTIONS

When a plant is digitally transformed, it is better equipped to deal with market
disruptions. Read on to know why.

s manufacturers deal In a McKinsey global survey, 94 In short, when a plant is digi-
A with several challenges percent of respondents said In- tally transformed, it is better
equipped to deal with market
dustry 4.0 tools helped keep op-
along their value chain,
digitally enabled plants can help erations running throughout the disruptions outside the facility’s
manage the crisis and even scale recent disruption. The experi- four walls, whether these are
up for the future. ence of joint AVEVA and Micro- demand-related or supply-related.
While the sector was already soft customers shows how digital
disrupted before the COVID-19 transformation can sustain and Smart factory, sustainable
outbreak, recent events have scale operations going forward results
further exposed structural weak- in order to create profitable and In Batam, Indonesia, a Schnei-
nesses. Supply chains have been sustainable business outcomes. der Electric factory used digital
interrupted and have had to be Companies can address labor solutions to leverage innovation
redesigned. A volatile demand challenges by replacing repetitive across the value chain with quan-
KIM CUSTEAU landscape has hit production cy- tasks with more automation, both tifiable and sustainable results.
Executive Vice President cles and disrupted inventory al- physical and digital. Real-time, The facility produces 11 lines of
Portfolio location. Add in labor shortages, cloud-based remote access to Schneider Electric products.
AVEVA
an uncertain global economic re- plants and factories can improve Although operations were func-
covery, and increasing regulatory decision-making and enhance col- tioning well enough with an ex-
emphasis on sustainability, and laboration for greater efficiency. isting Internet of Things-enabled
manufacturers are faced with a Artificial intelligence can bridge solution, factory management
seemingly endless concern about knowledge gaps while optimizing identified several other challeng-
every aspect of their businesses. production and sustainability. es. Besides equipment downtime

16 | November-December 2022 Modern Manufacturing India