Deep Dives

How Digitalization is Helping Factories Achieve Growth And Go Green

How Digitalization Is Helping Factories Achieve Growth And Go Green

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Article Summary:

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.

 

About the author

Jennifer L. Schenker

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.