Schneider Electric Smart Factory in Hyderabad recognized as an Advanced Lighthouse

FPJ Web DeskUpdated: Wednesday, March 30, 2022, 06:56 PM IST
article-image
This is latest recognition from the World Economic Forum for Le Vaudreuil and Hyderabad plants of Schneider Electric | Schneider Electric

Schneider Electric today announced that the company’s Smart Factory in Hyderabad, India has been recognized as an Advanced Lighthouse — the fifth Schneider Electric factory to receive this distinction to date, joining Le Vaudreuil, France, Wuxi, China, Lexington, Kentucky, and Batam, Indonesia factories, it said in a press statement.

The company also added that its Le Vaudreuil factory in France which was earlier recognized as Advanced Lighthouse in 2018 has now been recognized by the World Economic Forum as a Sustainability Lighthouse. This is one of only six worldwide and the second for Schneider Electric, with the Lexington, Kentucky plant receiving the same status in September last year, it said.

The Forum’s Sustainability Lighthouses showcase and recognize global best practices of 4IR technologies in manufacturing to demonstrate how companies can unlock new levels of sustainability in their operations and win-win solutions: greater operational competitiveness while simultaneously delivering greater environmental stewardship, for a cleaner and more sustainable future.

“The Fourth Industrial Revolution is here,” said Mourad Tamoud, Schneider Electric’s executive vice president of global supply chain. “This latest recognition from the World Economic Forum for Le Vaudreuil and Hyderabad plants provides compelling cases for rapid and extensive deployment of 4IR technologies — there are significant benefits for manufacturers including sustainability, agility, and resilience.”

The Hyderabad plant leverages IIOT Infrastructure, predictive and prescriptive analytics, AI deep learning, and 4IR integrated technologies to meet changing customer demands and a 54 percent increase in business growth. Manufacturing efficiency has been improved by 9 percent, while field failure reduced by 48 oercent and lead time by 67 percent.

These latest examples demonstrate Schneider’s commitment to its purpose: “We are always looking to improve and enhance our supply chain for our customers and society as a trusted partner for digitalization and sustainability,” Tamoud said.

"We are elated that our Hyderabad Smart Factory has been recognised as an Advanced Lighthouse by the World Economic Forum,” said Javed Ahmad, SVP – Global Supply Chain - India, Middle East, Africa, East Asia, Japan, Pacific & South America, Schneider Electric. “This is a first for us in India and among the only three organizations in the country to have received this recognition. We intend to continue integrating our technologically enabled solutions in transforming our smart factories across the rest of our locations. By investing in the latest technology, we strive to leverage innovation for better customer outcomes and forge a sustainable future. Our consistent efforts have been instrumental in revolutionizing and bolstering our supply chain for businesses and our customers, and we are proud to be a trusted partner in empowering them to harness greater digitalization and sustainability.”

In collaboration with McKinsey & Company, the World Economic Forum began the Global Lighthouse Network initiative in 2018 to recognize manufacturers leading growth of the Fourth Industrial Revolution. The Hyderabad plant joins a list of more than 100 sites in the Global Lighthouse Network that create innovation in business models and increased customer value through 4IR technologies. These companies demonstrate how digital operations create productivity and efficiency gains to enable sustainable growth in the face of pervasive disruptions and challenges.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Mira Bhayander: Suspected killer of US model sent to jail for 14 days

Mira Bhayander: Suspected killer of US model sent to jail for 14 days

After Aryan Khan gets clean chit from NCB, lawyer Satish Maneshinde wants Rhea Chakraborty drug case...

After Aryan Khan gets clean chit from NCB, lawyer Satish Maneshinde wants Rhea Chakraborty drug case...

NCB arrests 8, seizes 35 kg heroin in pan-India drug bust

NCB arrests 8, seizes 35 kg heroin in pan-India drug bust

At least 31, mostly children, killed in church stampede in southern Nigeria

At least 31, mostly children, killed in church stampede in southern Nigeria

Four cases of B.A. 4 variant, three cases of B.A. 5 variant of Omicron detected in Maharashtra

Four cases of B.A. 4 variant, three cases of B.A. 5 variant of Omicron detected in Maharashtra