Page 193 - CW E-Magazine (5-12-2023)

Special Report Special Report

Manufacturing & supply lines: Stay global or go Engineering and Manufacturing Lead, for cost effi ciency and just-in-time time alerting; 78% need at least a
Accenture Industry X, in comment-
week to fully understand the impact.
deliveries. Now is the time to strategi-
regional? ing on the study. “Taking advantage cally redesign them for multi-sourcing,
of this opportunity requires companies without creating unwieldy silos or  Resiliency in design. The report
to drive the digitisation of engineer- new bottlenecks, and make them more says that moving activities earlier
recent study of more than 1,200 defence, automotive (OEMs), auto- ing, supply, production and operations transparent and agile with data and AI in the development process allows
senior executives across 11 in- motive (ancillary, parts), consumer PATRICIA VAN ARNUM processes. Solutions like digital twins to drive sustained resiliency.” companies to get products, pro-
A dustries, including the chemi- goods & services, high-tech, industrial Editorial Director and technologies like generative AI can cesses and ways of working right
cals and life sciences industries, say equipment, metal & mining, oil & gas Drug, Chemical & Associated help companies adapt faster to sudden Three areas to increase their resiliency the fi rst time. For example, digital
they plan to increase regionalisation of (upstream and downstream,) and utili- Technologies Association,Inc. (DCAT) changes and take data-driven, real-time As part of the research, Accenture twins – digital replicas of physical
their supply chains and manufacturing ties. Respondents were from the US, actions.” developed a model to measure engi- production facilities down to indi-
to mitigate supply disruptions. Australia, Brazil, Canada, China, liency. The study pointed to the impor- neering, supply, production, and opera- vidual assembly lines and machines –
France, Germany, India, Italy, Japan, tance of increasing “digital maturity,” On average, companies are invest- tions resiliency on a 0-100 scale. On allow product designers and engi-
One of the pressing strategic and Mexico, Spain, Sweden, and the UK. through investments in data, artifi cial ing $1-bn in 2023 to digitise, automate, average, companies achieved a score of neers to identify and troubleshoot
operational questions facing the bio/ intelligences, and specifi c solutions and relocate supply and production only 56. The report recommends three potential prototype issues or defects
pharmaceutical industry as well as Ramping up regional suppliers and such as digital twins. “Having more facilities, which is expected to increase areas companies should focus on to and iterate the design before pro-
other industries is how best to miti- production facilities …. mature capabilities in these areas helps to at least $2.5-bn in 2026, according to increase their resiliency as outline below. duction begins.
gate supply disruptions while optimis- The Accenture study showed that companies build reconfi gurable supply the Accenture report.
ing supply operations. That question companies are ramping up regional chains and autonomous production,”  Visibility. The report says that com-  New ways of working. The report
engenders further questions for com- suppliers and production facilities to said Accenture in its analysis. “These “When disruption struck, many panies should make supply chains says that businesses must upskill
panies about their supply chains and become less vulnerable to disruption. capabilities also enable dynamic, sus- companies quickly applied short-term and production processes more the workforce in data, AI, and other
locations of manufacturing operations: By 2026, 65% of companies surveyed tainable product development and sup- fi xes to their complex global produc- predictable and autonomous. For digital technologies so they can use
regionalise or keep a global focus. said that they intend to buy most key port decentralised, real-time decision- tion and supply networks,” said Sunita example, smart end-to-end control predictive and visualisation tools to
items from regional suppliers, up from making at the frontlines of operations.” Suryanarayan, Global Supply Chain towers monitor processes and ana- make data-driven decisions at the
To gain a perspective, the manage- 38% today. Even more organisations and Operations Resiliency Lead at lyse different scenarios in real time frontlines of business. Today, only
ment-consulting fi rm, Accenture, con- (85%) plan to produce and sell most Surge in disruptive events Accenture, in commenting on the study. to detect and correct issues early on. 17% of companies already have
ducted global research among 1,230 of their products in the same region by The study points out that disruptive “These networks had been designed Today, only 11% have near real- such a multi-skilled, workforce.
senior executives across engineering, 2026, almost doubling from 43% today. events have surged in recent years, from
production, supply chain and opera- geopolitical shifts and extreme weather
tions in 11 industries, including the …. but not enough to reach sus- to technology breakthroughs and mate- Chemical Weekly Buyers’ Guide
chemicals and the life-sciences in- tained resiliency rial and talent shortages with few busi- www.cwbg.in
dustries. The study, “Resiliency in the According to the report, regional nesses sustaining their resilience and www.cwbg.in
Making,” is based on a survey conduc- sourcing and production are important long-term growth amid the turbulence. Pocket-Friendly Pay-as-you-use Subscription Plans
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192 Chemical Weekly December 5, 2023 Chemical Weekly December 5, 2023 193

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