Mondelez India, one of the first to be honored with Advanced 4IR Digital Lighthouse Award by the World Economic Forum

Mondelez India, one of the first to be honored with Advanced 4IR Digital Lighthouse Award by the World Economic Forum
Photo - Mondelez India
Published on

Mondelez India’s state-of-the-art Sri City factory has been bestowed with the World Economic Forum’s 4th Advanced Industrial Revolution (4IR) Digital Lighthouse award. It is one of the first FMCG plants in India, awarded for ‘digital excellence’ driven by advanced technologies and sustainable practices. Founded in 2016, the factory has been driven by an aspiration to outgrow the market at the back of cost leadership and build further resilience and diversity in a volatile environment.

An independent expert panel at World Economic Forum recognized the site for implementing a series of advanced 4IR use cases, which aided improvements in cost, sustainability, productivity, and net revenue delivery for growing business Sri City. It started its digital journey on E2E process digitization, predictive capabilities, smart automation, and more, which have been driving contributors to increase labor productivity and reduce the manufacturing cost for the factory.

The Lighthouse live is the Global Light House network’s annual event series that honors the new cohort of advanced sites, factories, and shares insights garnered from the application of advanced digital technologies across production networks and value chains. Year after year, the award is presented to notch manufacturing facilities and value chains that are using 4IR to increase operational performance and environmental sustainability.

Nandkumar Kulkarni, vice president - Supply Chain, Mondelez India, said, “We are delighted and honored to be one of the handful of manufacturing sites in the country and globally that have been presented the World Economic Forum’s prestigious Digital Lighthouse recognition. This award is proof of Mondelez India’s commitment to becoming a future-ready organization and strengthening its business resilience through the quick adoption of advanced digital technologies. We are amazed to see the power of AI-ML, AR- VR, advanced analytics, and multiple use cases in all the areas of supply chain and how digital can become a competitive the advantage for supply chain and organization. We have seen tremendous progress in the digital quotient of the team and that will remain a cornerstone of our future journey. We are grateful to all the employees of Sri City who have actively contributed and voyaged with us through the factory’s digital transformation journey and made the company’s collective dream a reality. We look forward to sustaining this momentum across all our major fact-to-end to-end supply, chains and being a beacon for our peers by actively contributing to the economic growth of the country.”

Francisco Betti, head - Shaping the Future of Advanced Manufacturing and Value Chains, World Economic Forum, added, “Members of the Global Lighthouse Network - a unique global community of like-minded peers - are exploring synergies and collaborating to share insights and best practices on how to unlock not only efficiency, productivity a growth, but also new levels of sustainability and workforce engagement, to lead towards a cleaner and more inclusive future of manufacturing.”

As of today, the Global Lighthouse network includes 103 global frontrunners in advanced manufacturing, selected from the top 1,000 manufacturing facilities and supply chains over the past three years. These sites serve as beacons for the world, exemplifying the type of production approach that can drive the next engine of global economic growth.

Click HERE to subscribe to our FREE Weekly Newsletter

Related Stories

No stories found.
logo
FoodTechBiz.com
www.foodtechbiz.com