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Mumbai, NFAPost: Emphasising the need for a Smart Supply Chain, Schneider Electric, the leader in the digital transformation of energy management and automation, and apex industry body ASSOCHAM (The Associated Chambers of Commerce and Industry in India), brought industry leaders and ecosystem players together for a roundtable conference.

Experts discussed the need for companies both large and small to adapt to the new normal and make their Supply Chain Processes ‘SMART’.

The impact of the pandemic on supply chains was strengthened by the wider adoption of digital tools and capabilities which helped organisations to sail through. Several crucial tech-driven trends have kept and will keep moving supply chain management in this decade of disruption.

The government is bolstering the manufacturing and supply chain in India as the manufacturing sector has the potential to reach US$ 1 trillion by 2025. Digitisation and automation are critical for re-inventing the manufacturing sector

Delivering the keynote speech at the event, Schneider Electric Senior Vice President, Global Supply Chain- India, Middle East, Africa, East Asia, Japan, Pacific & South America Javed Ahmad said in order to give the country’s supply chain ecosystem an extra edge, the ‘Digital India’ initiative which aims at digitally integrating the nationwide supply chain ecosystem, is crucial.

“At Schneider Electric, we deploy our own technologies across our Global Supply Chain footprint of 300 Connected Factories and Distribution Centers, 100+ of which are ‘SMART’ Certified. We have sites in Asia, China and Europe designated as World Economic Forum advanced manufacturing ‘Lighthouses,” said Javed Ahmad.

He also said the three major action factors for Schneider Electric is ensuring zero carbon to reduce emissions and de-risking operations, followed by circularity in both design and end of life processes to minimise resource utilisation and conserving biodiversity without compromising on customer experience and quality.

The event was also addressed by Schneider Electric Vice President, Customer Satisfaction & Quality, Global Supply Chain International region K P Sharma, who shared new insights for creating an agile supply chain to meet customer needs.

ASSOCHAM National Council on IT/ITeS& Digital Commerce ChairmanLovneesh Chanana gave a welcome address on ‘how technology has kept supply chains operational during a crisis’.

Sharing his perspective at the conference, Lovneesh Chanana said the country is moving to the age of intelligent enterprises in the era of new normal.

“With digital consumers becoming a reality, the inter-woven disciplines of consumer experience and quality are being reshaped. From processes consuming data, we are moving to data defining the process. This calls for a paradigm shift in business and operational models with digital at the core,” said Lovneesh Chanana.

He added that sustainability is a key driver and technology can surely help in insights to bring visibility for improvements. “Multi-stakeholder collaboration will be the way forward to ensure quality of and quality in the digital age,” said Lovneesh Chanana.

The event hosted an elite panel of speakers includingSenthil Kumar V, VP, Industrial Automation, Schneider Electric, India,Ajay Gupta, AVP, Techno-Commercial, Adani Power, Jagadeesh Kunchey, VP, Supply Chain & Logistics, ITC, KVR Sarma, VP Supply Chain Management, Cadila Pharmaceuticals, Tushar Chitra, VP Product Strategy & Marketing, Oracle, and Abhishek Singh, Senior Analytics Practice Leader, Group Data & Analytics Team, Aditya Birla Group.

P S Easwaran, Partner and Supply Chain Practice Leader, Deloitte, moderated the event.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. The Company’s mission is to be a digital partner for Sustainability and Efficiency.

The company drives digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

Schneider Electric is the most local of global companies. It also advocates of open standards and partnership ecosystems that are passionate about its shared Meaningful Purpose, Inclusive and Empowered values.

About ASSOCHAM:

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India. Having in its fold over 400 Chambers and Trade Associations and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge Based Economy. More information available on www.assocham.org

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