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Session I: Reducing operating costs while accelerating time to market through a “Digital Twin”
Managing supply chain and operations is becoming more and more difficult with increasing complexities (in terms of inter-dependent processes, demand uncertainty) with time. A wrong decision to change current ways of working could have long-lasting and perhaps irreversible impact on the business operations in terms of its performance and investment. Hence trial-and-error while shutting down operations is not an option. Organizations require a risk-free environment to test multiple decision choices and take optimal decision after considering multiple scenarios.
Here the concept of resilient digital twins proves to be effective. A digital twin (DT) is a digital replica of an asset/system that integrates data from both the digital and physical world to enable performance optimization of the operating assets. A digital twin lets companies design, simulate, and test operations of any facility like a manufacturing plant, a warehouse, a supply network, or even multiple facilities virtually. For example: in case of warehouse optimization, the organizations can test the impact of their planned decisions on new warehouse operations and product movements virtually, before starting up new sites or making changes within existing sites.
Resilient digital twin adoption is expected to rise in coming years with multiple technological options available in terms of simulation, optimization as well as fully-integrated IoT based autonomous solutions.
In this session, the panelist will discuss the importance of digital twins, the ways companies can improve their decision-making and operations productivity.
- What are the different ways, companies are trying to select optimal decision from multiple choices / scenarios?
- Regarding digital maturity, where do your assets sit, as compared to those of your competitors?
- What different technologies are gaining traction among organizations for building digital twin capability?
- How will you attract the necessary talent with the necessary capabilities?
Session II: Streamlining warehouses and distribution centers - “Connected Warehouses”
The growth of supply chains and e-commerce have resulted in the need for more warehouses worldwide. Experts are predicting that the number of warehouses around the world will grow by 20% between 2018 and 2025. At the same time, warehousing costs are rising, and companies are spending approximately €300 billion (USD 346 billion) a year on warehousing, with operational costs accounting for 85% of that expenditure. (Sources: Interact Analysis & McKinsey).
Hence, logistics providers want to operate more efficient, productive warehouses and distribution centers. The task is never finished: there are always ways to improve things like visibility, workflows, layouts, asset utilization, energy and fuel use, etc. As more logistics providers digitize their operations, it opens up more optimization potential. One of the key pieces of the equation is location technology. Real time visibility for scheduling, slot management, adapting plans, etc.
When mapped to a warehouse or distribution center, the data coming off sensors, trackers and other IOT devices becomes inherently more valuable. For example, companies track in real-time the whereabouts of their roller cages or forklifts - reducing loss, theft and countless employee hours searching. They can also use that data to analyze operation and downtimes of those assets.
Other companies are taking it a step further, feeding their data into modelling tools known as digital twins. These tools help businesses make informed decisions on how they can streamline operations and utilize the maximum capacity of the facility through infrastructure planning, asset tracking and workforce management. They also allow companies to simulate the impacts of changes - such as a new warehouse layout or automated process - before investing or disrupting operations. With Asset Tracking Technologies, businesses can enjoy improved real-time visibility that tracks the location, status, and condition of their warehouse assets anywhere, anytime. Warehouse operators are now able to remotely monitor manpower productivity levels within warehouses, and track movements of assets and material handling equipment both outdoors and indoors via already available networks.
In this session, the panelist will discuss the importance of connected warehouse, the ways in which companies are improving their warehouse infrastructure and technological landscape.
- What are the different ways, companies are trying to improve their warehousing operations?
- What different technologies are gaining traction among organizations for digitizing their warehouses?
- What different challenges are faced by companies while automating some of their current warehousing operations?
Session III: Sustainability in supply chain and operations
Companies have many reasons to focus on environmental, social, and governance (ESG) issues. They may want to satisfy their consumers, who are increasingly choosing brands with strong ESG credentials, even if the prices are higher. Or they may be seeking to stay ahead of ever more stringent regulations. Others react to pressure from banks and investors, want to improve employee engagement, or feel a need to better attract and retain talent. For most organizations, the answer will be a combination of these factors, which together add up to a need to understand and manage environmental impact through every part of the business—in real time. McKinsey analysis shows that top ESG performers enjoy faster growth and higher valuations than other players in their sectors, by a margin of 10 to 20 percent in each case.
Sustainability leadership often begins at home - by making sustainable choices from “sourcing materials, selecting transportation modes, recyclable packaging, EV-powered last-mile deliveries, utilizing renewable energies to meet larger share of energy consumption” to “involving tier 1 & 2 up to tier-n upstream suppliers” - organizations can actively choose to become a role model in their industry.
In this session, the panelist will discuss the importance of sustainability, the ways companies are making informed decisions to make their supply chains more sustainable and reducing overall carbon foot-print
- What are the different ways, companies are trying to make sustainable decision choices?
- What different challenges are faced by companies while moving to reducing scope 3 emissions?
- What different technologies are gaining traction among organizations for reducing their carbon footprint in logistics and warehousing?