Capgemini launches digital manufacturing services
French consulting, technology, and outsourcing servicing company, Capgemini, has announced the launch of its new digital manufacturing services which aim to help manufacturers improve productivity and turnaround time.
These new services will be delivered through a digital manufacturing centre of excellence - or CoE - in Mumbai, and three further hubs located in North America, France, and Germany. They combine Capgemini's specialist capabilities to deliver digital strategy, transformation planning, and implementation.
Digital technologies are transforming the manufacturing business and how businesses function. New customer expectations accentuate the need to embrace digitisation across the sector, with smart, connected products inevitably becoming part of business models. Digital transformations also require new thinking, skills, and ways of using IT and IoT.
Jean-Pierre Petit, Global Head of Digital Manufacturing at Capgemini Group, said: “Too many manufacturers are thinking of ‘digital’ in terms of either the factory floor or customer not both. Only by looking at digitizing and connecting both the customer and smart operations can manufacturers truly realize the optimization and disruptive capabilities of digital to drive growth.
"Capgemini’s capacity to connect the physical and virtual worlds is unique in the market. Our ability to not only connect physical assets to business systems while also leveraging customer insights as an integral part of digital transformation initiatives, has proven its value to manufacturing clients across the world, in their quest to successfully transform their businesses for the digital age.”
Capgemini’s digital manufacturing services help clients improve their digital maturity across smart product and services development, product and asset lifecycle management, industrial cybersecurity, on-site and remote operations management, industrial IoT and big data, and complex system simulation. Capgemini enables companies within manufacturing industries such as aerospace and defence, automotive, chemicals, consumer produts, energy and utilities, high tech, industrial products, life sciences, and resources to embrace digital transformation. Examples of Capgemini's big clients include Faurecia, Valeo, and Siemens Building Technologies.
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IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.