World Economic Forum English news | World Economic Forum, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Mondelez India's state-of-the-art Sri City factory has been bestowed with the World Economic Forum's 4th Advanced Industrial Revolution (4IR) Digital Lighthouse award.It is one of the first FMCG plants in India that was awarded for 'digital excellence' driven by advanced technologies and sustainable practices.Founded in 2016, the factory has been driven by an aspiration to outgrow the market at the back of strong cost leadership and building further resilience and diversity in a volatile environment.An independent expert panel at World Economic Forum recognized the site for implementing a series of advanced 4IR use cases which aided improvements in cost, sustainability, productivity and net revenue delivery for growing business. Sri City started its digital journey on E2E process digitization, predictive capabilities, smart automations and more, which have been a driving contributor for increasing labour productivity and reducing the manufacturing cost for the factory.The Lighthouse live is the Global Light House network's annual event series that honors the new cohort of advanced sites and factories, and shares insights garnered from the application of advanced digital technologies across production networks and value chains. Year on year, the award is presented to top notch manufacturing facilities and value chains that are using 4IR to increase operational performance and environmental sustainability.Nandkumar Kulkarni, Vice President - Supply Chain, Mondelez India said, "We are delighted and honored to be one of the handful manufacturing sites in the country and globally that have been presented the World Economic Forum's prestigious Digital Lighthouse recognition. This award is proof of Mondelez India's commitment to become a future-ready organization and strengthening its business resilience through quick adoption of advanced digital technologies. We are amazed to see the power of AI-ML, AR- VR, advanced analytics and multiple use cases in all areas of supply chain and how digital can become a competitive advantage for supply chain and organization. We have seen a tremendous progress in digital quotient of team and that will remain a cornerstone of our future journey. We are grateful to all the employees of Sri City who have actively contributed and voyaged with us through the factory's digital transformation journey and made the company's collective dream a reality. We look forward to sustaining this momentum across all our major factories, end to end supply chain and being a beacon for our peers by actively contributing to the economic growth of the country."Francisco Betti, Head of Shaping the Future of Advanced Manufacturing and Value Chains, World Economic Forum added, "Member of the Global Lighthouse Network - a unique global community of like-minded peers - are exploring synergies and collaborating to share insights and best practices on how to unlock not only efficiency, productivity and growth, but also new levels of sustainability and workforce engagement, to lead towards a cleaner and more inclusive future of manufacturing."As of today, the Global Lighthouse network includes 103 global frontrunners in advanced manufacturing, selected from the top 1,000 manufacturing facilities and supply chains over the past 3 years. These sites serve as beacons for the world, exemplifying the type of production approach that can drive the next engine of global economic growth.This story is provided by BusinessWire India.will not be responsible in any way for the content of this article. (ANI/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

World Economic ForumFOLLOW

World economic forum, Latest News

Islamabad, Jan 12 The World Economic Forum (WEF) sees Pakistan facing a huge threat of hunger and distress ... ...

New Delhi, Dec 16 Finance Minister Nirmala Sitharaman on Friday asked the Indian industry to be prepared against ... ...

Itanagar, Dec 12 After Meghalaya, drone-based services were launched in Arunachal Pradesh on Monday to deliver medicines and ... ...

India's pharma exports have increased 138 per cent in April-October 2022-23 compared to the same period of 2013-14 when ... ...

India's pharma exports have increased 138 per cent in April-October 2022-23 compared to the same period of 2013-14 when ... ...

Bali, Nov 14 The government of Indonesia, together with the World Economic Forum, on Monday launched Ocean 20 ... ...

The sophisticated system of education in Pakistan for women is still an elusive dream as the government has been ... ...

Mondelez India's state-of-the-art Sri City factory has been bestowed with the World Economic Forum's 4th Advanced Industrial Revolution (4IR) Digital Lighthouse award. ...