The “14th Five-Year Plan” states that by 2025, the added value of the core industries of the digital economy will account for 10% of GDP. As the digital economy moves towards a period of comprehensive expansion, the manufacturing industry will inevitably face two major challenges: industrial upgrading and low-carbon transformation. Schneider Electric believes that digital transformation is the best weapon to deal with the above challenges.
2022 Executive Insights Released
Recently, Schneider Electric and the International Economic and Technological Cooperation Center of the Ministry of Industry and Information Technology (hereinafter referred to as the National Cooperation Center) jointly released “Managing Digital Transformation – Digital Empowerment of Green Intelligent Manufacturing Executive Insights 2022”, the report brings together from 10 categories The practical experience of executives of 125 enterprises aims to explore the status quo of transformation and upgrading of the manufacturing industry, provide new ideas for the majority of manufacturing enterprises to solve problems, and further empower them to move towards high-quality development.
“Managing Digital Transformation – Digital Empowerment of Green Intelligent Manufacturing Executive Insights 2022” release site
This insight report focuses on the three major trends and four challenges of the digital transformation of the manufacturing industry, and brings together the successful practices of leading companies and Schneider Electric to put forward four value propositions, and is committed to using the practices and insights from the front line to achieve dual transformation for China’s manufacturing industry , Towards green intelligent manufacturing to provide valuable guidance.
In the face of many challenges, digital transformation is the key to breaking the game. Digital transformation will bring multiple benefits to the manufacturing industry, such as continuous increase in efficiency, sustainable acceleration of low carbon, and improved supply chain resilience.
As an important means of transforming and enhancing traditional kinetic energy and cultivating and developing new kinetic energy, digital transformation has become an important measure to promote high-quality development. Under the wave of digitalization, only those who can successfully navigate the digital transformation can build a long-lasting business.
For leading companies, digital transformation and greening are the keys to becoming an industry and social platform, ultimately forming an ecological chain, and maintaining industry leadership. For small and medium-sized enterprises, it is an element to resist risks and improve profitability.
Under the digital wave
Three major trends are highlighted
In the wave of digitalization sweeping the world, more and more manufacturing enterprises are “riding the wind and waves” with the help of the power of digitalization due to the influence of macro policies, changes in market demand and their own factors. Nowadays, the digital transformation of the manufacturing industry is not only for survival, but also to achieve high-quality and sustainable development. Therefore, the current trend of digital transformation of the manufacturing industry presents three points:
- Overall transformation continues to accelerate
More than 50% of the interviewed companies have reached the advanced level.
- Transformation goals continue to expand
Enterprises are beginning to focus on sustainable development while focusing on efficiency.
- Data processing capability continues to improve
Although data collection has achieved initial results, the overall data application capability of the industry still needs to be improved.
Overall digital acceleration
But the transformation is still trapped in four major challenges
Although digital transformation is the general trend, the survey shows that more than 50% of enterprises that implement digital transformation have not met their transformation expectations. Every step forward on the road of transformation is accompanied by pressures from efficiency, cost, business model and customer demand, and four major challenges are also derived:
Source: “Navigating Digital Transformation – Digitally Empowering Green Smart Manufacturing Executive Insights 2022”
unlock the way out
Four Value Propositions Empowering Digital Transformation
Despite the bumpy road to digital transformation, some leading companies are able to achieve top-line growth, manage change, and gain a long-term competitive advantage. The insight report combines the actual situation facing the digital transformation of Chinese enterprises, and through extensive research and summary, it is found that leading enterprises are good at promoting transformation from the following four aspects:
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