Over the past decade China has taken the role of the world’s leading manufacturing powerhouse. Industrial growth was steady for much of 2018, although slightly lower than projected towards the end of the year. This session will bring together a cross-section of industry stakeholders to explore some of the challenges and opportunities the country is facing as the Fourth Industrial Revolution unfolds.
• Developing enabling policy frameworks that facilitate innovation
• Shifting from a world to a smart manufacturing
• Increasing ascent of China on global value chains
• The transformation of the Chinese manufacturing base. The offshoring of lower end manufacturing versus the reshoring of higher value added manufacturing.
• Investing in high tech industries
• From technology taker to technology maker: China’s transition to 4IR production and its potential effects on global manufacturing
Dai Ying, Advanced Manufacturing Leader, China, GE
David Li, Executive Director, Shenzhen Open Innovation Lab
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China’s rise in becoming a major global manufacturing exporter has seen living standards in the country rise considerably, but has also witnessed an increase in industrial emissions and associated environmental challenges. However, Chinese policymakers are devoting priority to moving from traditional “take, make, dispose” modes of production to a circular economy model. The circular economy model allows recovering value from industrial waste, and materials from finite stocks can be kept in an infinite loop, resulting in limited resource dependency and adjustment to market demands.
The technological breakthroughs of the Fourth Industrial Revolution and circular economy propel each other, resulting in potentially increased enterprise performance through improved productivity and efficiency. As the Chinese economy is going through a transformation from heavy manufacturing, infrastructure and materials and metals, into a more service-oriented economy built on consumer, tourism, ICT and semiconductor sectors among many others, the intersection of Industry 4.0 and circular economy creates a unique business case for Chinese enterprises. This session will discuss innovative Industry 4.0 solutions for the circular economy, such as:
• Circular business models based on data analytics and the Internet of Things (IoT) (e.g. efficient energy consumption, platforms of the shared economy and Products-as-a-Service (PaaS))
• Novelties in product design and 3D printing resulting in waste reduction
• Computer optimization models resulting in better decision-making and optimized industrial practices
• Data-driven analysis to track resources and products throughout the circular economy, e.g. blockchain improving supply chains and logistics
Harnessing the potential of 4IR technologies for social impact, sustainable outcomes and the greater societal good
Namir Hourani, Managing Director and Member of the Organising Committee,
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Workshop Facilitator: Dr. Kai Bruns, Innovation Manager, GMIS
Following the event a summary of proceedings including outputs from the interactive session will be produced and shared with attendees. The session is foreseen to take place through Mandarin Chinese, with simultaneous translation services, although this is TBC.
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