Companies from around the world attend the Vietnam Manufacturing Expo According to Capgemini’s Digital Transformation Institute, in the next five years, smart factories may contribute as much as $500 billion in added value to the global economy. Smart technologies offer a significant competitive advantage for manufacturers, allowing them to increase output, quality, and consistency. But they are not easy to implement. Suttisak Wilanan, deputy managing director of exhibition organiser Reed Tradex, said, “76 per cent of manufacturers have an ongoing smart factory initiative or are working towards one, and only 14 per cent are satisfied with their level of success. “However, manufacturers should not feel overwhelmed, especially in a country in the early stages of manufacturing development like Vietnam, and those embarking on their journey should not change too much too soon or do so without the proper counsel,” he added. This year, the Vietnam Manufacturing Expo saw the participation of over 200 leading brands and experts in the industry, with four international pavilions from Japan, Singapore, Thailand, and Taiwan. The term “smart factory” denotes a range of manufacturing technologies that fuse the physical and digital worlds, with breakthroughs in artificial intelligence, robotics, the Internet of Things, metrology, and 3D… Read full this story
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