Here's How You Remain Competitive: Optimization and Digitalization - Seite 2

We can no longer be afraid of technology and instead focus on building an ecosystem.

And speaking strictly to vendors, there's money to be made with normalized, interfacing parts and pieces. Companies are tired of being locked into a single vendor. It hinders progress. Through open comes swifter and more profitable optimization.

At the very heart of this optimization is one key factor: data.

Data is the core to progress

Data is everywhere. The question is: Are we able to quickly capture and process it for intelligent decision-making?

Technologies like AVEVA create a pathway for impactful analysis of data, from the shop floor to the top-level business analysts sitting in the CEO's office. Getting relevant data, whether it be through a distributed control system architecture like EcoStruxure Foxboro DCS or remote operations through something like SCADAPack, leads to informed decisions. Digitalization allows innovation to thrive.

By decoupling hardware and software, the interfaces allow for safe and secure connectivity.

The big picture is that this builds an ecosystem of connectivity.

True circularity of plastics

OECD's Global Plastic Outlook predicts that, due to economic growth, plastic use will triple between 2019 and 2060, going from 460 million tons to 1.3 billion tons per year. Schneider Electric currently uses 100 kilotons of plastic every year to produce our products. So, our goal is to replace 30% of the plastic with recycled or biowaste material by the end of 2025.

This is a worldwide trend. Companies are now on the hunt for plastic waste. This type of circularity is achievable, but it requires optimization and digitalization.

There are plastic-sorting facilities today that haven't changed in the past 40 years. This makes it difficult to provide quality sorting that chemical companies would need today to make circularity possible. Fortunately, there are people working on the digitalization of circularity, specifically in the recycling industry.

Schneider is collaborating with companies to drive support for sorting facilities, logistics, and chemical companies to have a safe data exchange, and then build that into the greater supply chain.

Companies see the monetary benefit in circularity. I'm optimistic because support for this will be one of the key indicators if we'll see an upturn in the German economy.

During one conference, BASF mentioned it secured plastic waste for the next six years. This puts pressure on the sorting facilities and logistics. Just like the cement industry, we're moving towards a plastics industry that lives off the waste produced by humans.

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 238,90€, was eine Steigerung von +5,52% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

Morgan Stanley

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer