The event on digital transformation held by Rockwell Automation commenced with a fireside chat on managing business continuity during the Black Swan crisis. The participants were Dilip Sawhney, MD, Rockwell Automation India, Sriram P, Executive VP Operations, Pernod Ricard India and Yoginder S. Grewal, CTO, Hindustan Coca-Cola Beverages.
The discussion veered towards the lessons learned, possible solutions, and the prospects in the future. Automation seems to have emerged as a possible solution as a protection against a crisis like the Corona spread, as it reduces human contact in an industrial environment.
Lessons Learned
What are the lessons learned so far, from the crisis? Grewal said that they have simplified everything to the maximum. Once you have simplicity, everything will work. Sridhar agreed that they are now making the enterprise more resilient. Employee health is very important. We are looking at the budgets. We also need to change our own mindsets. Cash is very important. For FMCG companies, collaboration is very important. We need to look at the micro supply chain. As you take this ahead, life becomes simpler.
Next, how are the supply chains evolving? According to Sridhar, e-commerce will grow in 2-3 years. Indian household incomes will also increase. We need to deliver supplies across India, urban and rural e.g., Nestle has successfully brought back Maggie. We now need to create innovation and re-invent the business.
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