Industrial companies are currently facing a host of complex challenges. While prices for energy as well as basic and raw materials are increasing, geopolitical events globally have resulted in major difficulties in securing critical supplies. This has led to countless stacks of freight containers being stuck at ports, while plants are being powered down due to component shortages. Compounding matters further is the existential threat of climate change, with urgent global reforms a critical priority. To handle these various challenges, it is necessary for the industrial sector to rapidly transform in a digitalised and sustainable manner to drive better business and societal outcomes.
Against this backdrop, PwC South East Asia Consulting is pleased to participate in the Industrial Transformation Asia-Pacific (ITAP 2022), widely regarded as Asia Pacific’s leading industry event that charts diverse possibilities for companies looking to drive their transformation initiatives through digitalisation powered by Industry 4.0. Our booth at the event will offer businesses and delegates with critical PwC insights and expertise on the varied capabilities they need to build upon to drive their industrial transformation efforts in a resilient, flexible and sustainable fashion. We will also demonstrate how our flagship PwC’s Factory Intelligence platform can help companies accelerate their smart factory transformation and unlock tangible value from machine intelligence, end-to-end traceability, and production control tower.
We would be happy to engage with you further on your industrial transformation challenges and opportunities at ITAP 2022 (Singapore EXPO, Hall 2, Booth No. 2F09). We look forward to getting in touch and having stimulating discussions with customers and industry partners.
Below is a compilation of key PwC thought leadership focused on topics including resilient supply chains and digital factories.
Date: 18 - 20 October 2022
Venue: Singapore EXPO, Hall 2, Booth No. 2F09
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In recent years, industrial companies are increasingly compelled to improve the resilience and flexibility of their operations as they have been facing crises, such as supply chain disruptions, large fluctuations in demand and rising inflationary pressure. Our Digital Factory Transformation Survey demonstrates that digital solutions are playing a key role globally and in the Asia Pacific region. While companies previously geared their investments towards cost and efficiency, 67 percent of the 700 industrial companies are now focusing more on flexibility and resilience. There are 182 companies in the Asia Pacific region in the survey as well. Find out why 72 percent of companies in this region are still at the early stage of digital transformation and factors that played a key role for success.
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PwC’s Smart Factory Solutions combine digital, modern and foundational capabilities, through our ‘value first’ approach, to enable manufacturing to become more flexible, more efficient and less prone to interruptions.
Our Smart Factory agile delivery model seeks to find value through digital manufacturing by combining our strategy, manufacturing, and digital capabilities. We help implement and configure the Smart Factory platform and "app store" (Factory Intelligence) with solutions that leverage analytics and the essential technologies to help resolve operational challenges and create business value.
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PwC Factory Intelligence is a modular and customizable manufacturing analytics suite, which uniquely combines existing production and IT systems and provides pre-configured and pre-built applications leveraging PwC’s business and problem-solving expertise.
It helps accelerate the adoption and value of digital manufacturing innovations. It enables customers to execute a smart manufacturing transformation, taking operational and technical challenges into account and visualising the art of the possible.
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Customer behaviours and expectations are changing dramatically, challenging the established supply chain and operations setups of leading industrial companies. Supply chains are increasingly facing major disruptions, with the impact of COVID-19 at the top of the list. And digital technologies are affecting every aspect of how companies run their businesses. To succeed in this evolving marketplace, companies need to transform linear supply chains into autonomous supply chain ecosystems.
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Expectations are high around the automotive industry’s response to minimising cyber threats via the use of resilient cyber security management systems (CSMS). This report looks at how far Original Equipment Manufacturers (OEMs) and suppliers have come in implementing these systems and what more needs to be done.
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Next to today's well known supply chain issues, digital supply chains also face different challenges, such as scattered communication, cyberthreats, data sharing, no detection of fraught or fake products, difficult chain of custody and origins and high implementation costs. Solutions based on blockchain technology can provide answers.
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Consumer and Industrial Products Leader, South East Asia Consulting, PwC Singapore
Tel: +65 8223 1503