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Most of our competitors source the rest of the components from outside. Their landed cost—after freight and duties—was still 30 to 50% cheaper than Indian-made motors, and the quality was better. Currently, around 48–50% of our manufacturing electricity comes from renewable sources—both wind and solar. We cannot afford leaks.
Data management is therefore a fundamental requirement and the next step on the digital transformation journey of many companies is to put in place technologies that enable data to be collected from multiple sources, visualized and analyzed, to create actionable insights.”. Benedikt Rauscher, head of global IoT projects and Industry4.0
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Companies that may be concerned about the viability or performance of a supplier should consider seeking licenses or other rights that would enable to obtain vital components from another source if the supplier does not meet its obligations. Back to the Table of Contents Cybersecurity Threats in the Manufacturing Industry AUTHORS Aaron K.
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