Mar 29, 2021

SAP/Hitachi/Verizon: real-time solutions and industry 4.NOW

SAP
Hitachi
Verizon
Industry40
Georgia Wilson
2 min
Smart manufacturing, industry 4.0, innovation, digital transformation
Discover how manufacturers can benefits from industry 4.NOW powered by real-time solutions...

If COVID-19 and the latest Suez Canal blockage is any indication of the complex challenges that manufacturing, production and supply chain face, the need for innovative, real-time solutions has never been greater. 

In a recent webinar hosted by IndustryWeek, SAP, Hitachi and Verizon, discussed the ways in which organisations can leverage partnerships to support the seamless integration of the building block for Industry 4.NOW.

Speakers at the webinar

Those that spoke at the ‘Bring Real-time Solutions to Industry 4.NOW’ webinar included: 

  • Arleen Cauchi, Director Partner Go-to-Market Strategy & Innovation, Verizon Business Group, Verizon
  • Jack Roman, Global Vice President Manufacturing, Hitachi
  • Rusty Baldwin, Global Solution Manager for the SAP Manufacturing Suite(ME) and Digital Manufacturing Cloud for Execution, SAP

What was discussed during the webinar?

During the webinar, the three speakers discussed the top trends, challenges and opportunities for manufacturers, as well as demonstrating how SAP and Verizon’s joint 5G Edge solution (powered by Hitachi) has extended SAP’s Digital Supply Chain portfolio with 5G and real-time edge capabilities. 

In addition to this, the three speakers also discuss the ways in which Verizon, SAP, and Hitachi can help manufacturers enable real-time monitoring and instant control of machines and processes with 5G, multi-access edge computing (MEC) and computer vision. As well as integrate edge data sources for instant edge analytics and insights, and capture data in real-time to predict issues and abnormal operations that could affect production.

What benefits does their Industry 4.0 framework provide?

  • Improved performance
  • Faster access to data
  • Increased efficiency
  • Alignment of cloud and mobile
  • Expansion of the internet of things (IoT)
  • Accelerated transformation 

To register to listen to the full webinar, click here!

For more information on manufacturing topics - please take a look at the latest edition of Manufacturing Global.

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Jun 8, 2021

IMF: Variants Can Still Hurt Manufacturing Recovery

IMF
Manufacturing
COVID19
Musk
Elise Leise
3 min
The International Monetary Fund (IMF) claims that while markets are rising and manufacturing is coming back, it’ll push for global immunisation

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.

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