This article is part of The Innovator’s premium content offer and available only to The Innovator’s Radar subscribers.
If you are not already a Radar subscriber click here for a free trial.
If you are a Radar subscriber click here to sign into your account and unlock the rest of this article.
Thanks to cutting edge technologies such as digital twins, robotics and high-tech tracking and tracing, one of Johnson & Johnson’s factories achieved 7% product volume growth, with 25% accelerated time to market and 20% reduction in the costs of goods. The plant, which is based in Helsingborg, Sweden and manufactures the Nicorette brand of gum and patches that help people stop smoking and other consumer self-care products, also has the distinction of being the company’s first ever Co2 neutral facility.
Johnson & Johnson’s Swedish plant is an example of how factories are using digital technologies to find growth and go green. It is one of 15 new manufacturing sites that joined the World Economic Forum’s Global Lighthouse Network this week. Factories in the network, which now number 69, are leaders in applying Fourth Industrial Revolution technologies to achieve profitable growth without increasing their environmental footprint.