The World Economic Forum (WEF) has recognised drugmaker Dr. Reddy’s Laboratories’ manufacturing facility in Bachupally, Hyderabad, as a part of its Global Lighthouse Network.
GLN is a group of over 100 producers demonstrating management in making use of Fourth Industrial Revolution (Industry 4.0 or 4IR) applied sciences to drive impression in productiveness, workforce engagement, sustainability and provide chain resilience, Dr. Reddy’s stated on Tuesday.
A view of Dr. Reddy’s Laboratories plant in Hyderabad.
An initiative of WEF with McKinsey & Company, GLN course of includes impartial panel of consultants designating factories and worth chains, the agency stated on the popularity for its largest manufacturing plant.
“Successful inclusion of our 25-year-old site in Hyderabad as a ‘Digital Lighthouse’ factory is a milestone in productivity improvement journey. We have seen significant financial and operational impact… in the process of scaling and replicating this to rest of our manufacturing network,” stated Sanjay Sharma, Global Head of Manufacturing at Dr. Reddy’s.
A view of Dr. Reddy’s Laboratories plant in Hyderabad.
The journey in direction of GLN, of the ability, started 4 years in the past with digitisation of infrastructure and processes. Two years in the past “we initiated Project ‘OpsNext’ and deployed six of the eight Industry 4.0 technologies, 40 business impact linked use cases and heavy investment in people capabilities. Advanced Analytics, Digital Twins, Robotic Process Automation, Augmented/Virtual/Mixed Reality, Digital Performance Management and Industrial Internet of Things are the technologies deployed.
“We have seen significant business results – 43% manufacturing cost improvement, 30% reduction in production lead time, 41% energy consumption reduction and a significant dip in quality deviations,” Mr.Sharma stated with out sharing specifics. Productivity enchancment and digitalisation efforts stay key to staying aggressive, assembly enterprise imperatives and assembly formidable ESG targets, he stated in a launch.
The pharma main stated it aspires to have probably the most environment friendly operations globally, attain over 1.5 billion sufferers by 2030 and work in direction of 25% of product launches to be first-to-market by 2027.
With rising inflation and materials shortages growing stress on producers, Lighthouses present scaling deployment and adoption of Industry 4.0 applied sciences throughout a number of factories and enterprise features is vital to speed up achievement of strategic imperatives similar to enterprise development, resilience and greener operations, stated Francisco Betti, Head of Shaping the Future of Advanced Manufacturing and Value Chains, WEF.
Source: www.thehindu.com