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WEF honor is for demonstration of leadership in adopting Industry 4.0 tech
Dr. Reddy’s Laboratories, a generics producer, revealed that its largest manufacturing facility in Bachupally, Hyderabad, has been recognized as part of the Global Lighthouse Network (GLN) by the World Economic Forum (WEF).
With this recognition, the facility joins the GLN, a community of over 100 manufacturers that are showing leadership in applying Fourth Industrial Revolution (Industry 4.0 or 4IR) technologies to drive impact in productivity, workforce engagement, sustainability, and supply chain resilience. GLN is a WEF initiative in collaboration with McKinsey & Company. Factories and value chains that join GLN are designated by an independent panel of experts.
Real-time data and insights laid the foundation for Project “OpsNext,” which was initiated two years ago to transform the plant into an Industry 4.0-driven “Lighthouse” factory as defined by the WEF. The site saw the deployment of six of the eight technologies of 4IR—advanced analytics, digital twins, robotic process automation, augmented/virtual/mixed reality, digital performance management and industrial internet of things (IIoT). The OpsNext team identified 40+ business results linked use cases impacting various aspects of productivity, such as customer service, quality, energy consumption, sustainability, equipment efficiency, and people productivity. The company also invested heavily in building people capabilities, such as digital and analytics translators, data scientists, and data engineers.
“The successful inclusion of our 25-year-old site in Hyderabad as a ‘Digital Lighthouse’ factory is a big milestone in our productivity improvement journey,” says Sanjay Sharma, global head of manufacturing for Dr. Reddy’s. “We have seen significant financial and operational impact from the journey. We are in the process of scaling and replicating this to the rest of our manufacturing network.