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Industry 5.0 Drives #Profit And #Sustainability For Indian Manufacturers: PwC Report #Industries #MSMEs #Manufacturing #Growth #IndustrialPolicy https://lnkd.in/gMtdhQEF

India Inc On The Move 2024: Accelerating smart and sustainable manufacturing across sectors The day-long event brought together policymakers, technologists, domain experts and stakeholders from across the sectors in the manufacturing industry to share their thoughts and ideas on factories of the future, enhancing efficiency, circular economy and the roadmap to fulfill the manufacturing sector’s trillion-dollar contribution to the country's GDP. Read more at: https://bit.ly/3vhMlNy #IndiaIncOnTheMove2024 | Rockwell Automation | The Economic Times

In an interview with THE WEEK, ITC Chairman Sanjiv Puri talks about the ‘ITC Next’ vectors of growth – Digital and Sustainability; pillars of ITC’s competitiveness; and growth plans for its diverse businesses. Puri also explains how ITC is increasingly leveraging cutting edge technology, and elaborates on the India First philosophy that forms the core of ITC’s endeavours. To know more, read here: https://lnkd.in/geKTAGua #BuildingBusinesses #LeadershipSpeaks #TheITCWay

Earlier this year, the Manufacturing summit by Mashreq and MEED | Middle East Economic Digest brought together industry experts to discuss the role of #Industry 4.0 technologies in transforming production processes and helping achieve #netzero outcomes. The report captures key conversations from the event, highlighting the growing prominence of advanced factories; the need for efficient manufacturing processes; and the financial backing required by companies to achieve #sustainable outcomes. Check out the report: Unlocking the future of manufacturing (https://lnkd.in/ds9Rr_-6) #Mashreq #Manufacture #FinancialBanking

Preventive Maintenance and the role of IoTs is going to be instrumental for Sustainable and efficient Manufacturing processes.

How can businesses stay ahead in an era where tech and human ingenuity work hand in hand? While Industry 4.0 technologies have driven efficiency through automation, the focus of Industry 5.0 is on fostering fruitful collaboration between humans and technology. This aims to drive sustainability, make production and manufacturing systems more resilient to external shocks, and enable them to respond to business opportunities with agility. PwC India’s latest survey report ‘Decoding the Fifth Industrial Revolution: Marching towards a resilient, sustainable, and human-centric future’ covers insights from senior CXOs in the automotive, cement, chemicals, industrial goods, metals and textiles industries. Download the report now for more insights: https://lnkd.in/gBdPGNHv #TogetherWeFuture #Industry5.0

Pavithran M Kallada, MD, PSA BDP shares strategies for supply chain resilience. Read more #ETInsights #Supplychain #Logistics #Strategies #Tech #Innovation Ashwani Mishra

India's #Logistics industry is undergoing a transformation, as companies increasingly adopt #sustainable practices to enhance operational efficiency and minimise environmental impact. Join Abhisaar Bairagi’s panel discussion at FICCI’s National Warehousing & Supply Chain Summit 2024 as she explores actionable strategies for achieving net-zero emissions, and integrating sustainability into organisational culture. https://lnkd.in/gVERJvD8 #KhaitanCo #Warehousing #SupplyChain

An overwhelming majority of Indian manufacturers are prioritising sustainability to target a 2-3x rise in profits over the next three to five years, according to PwC’s report Decoding the Fifth Industrial Revolution: Marching towards a resilient, sustainable and human-centric future. Covering six industries, the study finds, 93% of Indian manufacturers are embracing Industry 5.0 to drive both sustainable practices and boost revenues. As per the research conducted by PwC, more than 50% of Indian manufacturers are prioritising investments this year in sustainable practices. These investments are aimed at leveraging digital technologies to adopt renewable energy sources and enhance energy efficiency, among other things. Additionally, 52% of top executives at leading manufacturing companies are also allocating investments this year towards building a culture of lifelong learning. Here are some key findings from the report: Most executives agree that their readiness pertaining to Industry 5.0 capabilities relevant for their customers, workforce, supply chains, business models, and ESG commitments would help enhance their revenues by 6.42% on average over the next one to two years. Executives from the chemicals, cement, and textiles and clothing sectors believe that their industries would see the most significant gains from the adoption of Industry 5.0, with potential revenue expansion exceeding 7%. Most automotive and metals executives highlight that their customers are willing to pay a premium for innovative products and services. In the textile and clothing sector, executives note consumer readiness to pay a premium for sustainable products. More than 95% of respondents in the cement and industrial goods sectors are prioritising investments in real-time inventory tracking to optimise inventory levels, reduce stockouts, and minimise excess inventory this year and next. Inability to provide secure access to Generative AI and similar technologies to enhance workforce productivity is a challenge for many executives across industries such as chemicals, textiles and clothing, cement, and automotive. Nearly 52% of executives across industries are prioritising investments in automating repetitive and mundane tasks this year to allow employees to focus on more meaningful and value-generative work. By Karan Karayi Article link: https://lnkd.in/dT2h3YsY #Sustainability #Industry5 #Manufacturing #Profitability #Innovation #PwCIndia #GrowthStrategy #GreenManufacturing #FutureOfWork #IndianManufacturers #TeamMarksmen #MarksmenDaily #InFocus

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