LG finds a new gold mine after the pandemic.

The disruption of global supply chains during the pandemic caused difficulties for many manufacturers. From this crisis, LG saw an opportunity to expand its Smart Factory model.

Many global companies still rely on manufacturing facilities in countries with low labor costs. In turn, when unforeseen events occur and supply chains are disrupted, the resulting losses are enormous. The impact of the Covid-19 pandemic has highlighted the weaknesses of traditional manufacturing models.

LG Electronics' smart factory at LG Smart Park in Changwon, South Korea.

Seeing the opportunity in this B2B business segment, LG Group quickly packaged the smart factory solutions it had been using in its electronics manufacturing for many years and offered them to global partners. A report by Precedence Research indicates the potential of this market to reach approximately $268 billion by 2030.

Recently launched, LG's Smart Factory division has attracted interest from customers in the battery, automotive parts, and logistics sectors. Key projects the company is currently undertaking include factories for Hyundai, GE Healthcare, Hanmi Pharm, and others.

Robots equipped with AI help make the production process faster and safer.

The South Korean electronics company's strength lies in its 70 years of experience building and operating 60 high-tech factories worldwide . The company holds 770 TB of production data and 1,000 related patents. It is also increasingly applying AI and digital transformation to its management practices to minimize human involvement in processes, reduce errors, and mitigate the impact of unforeseen circumstances.

LG employs a wide range of industrial robotic and automated solutions in its manufacturing processes. In addition to programmed robotic arms, the company offers autonomous mobile robots equipped with cameras and LiDAR sensors for obstacle detection. The most advanced device is the Mobile Manipulator system, a multi-jointed robotic arm capable of performing a series of seamless tasks.

Inside LG's smart factory in Changwon.

This manufacturer also offers comprehensive software solutions for designing and arranging machinery in factories, monitoring operations, and detecting malfunctions. LG's automated factories in Changwon, South Korea, and Tennessee, USA, have been recognized as LightHouse Factories by the World Economic Forum. After implementing the new solutions, productivity at the Changwon facility increased by 17%, energy efficiency improved by 30%, and costs due to errors decreased by 70%.

In Vietnam, LG also applies the Smart Factory model to its OLED panel production line at its LG plant in Hai Phong .

Smart Factory is part of LG's plan to transform into a Smart Living Solutions Provider by 2030. One of the three pillars of development the company has chosen is brand building in the B2B manufacturing sector.

In fact, LG has been a key partner in the global technology and automotive supply chain for many years. However, the outstanding success of its electronics and home appliance segments has led to less attention being paid to this business area. Through this plan, the South Korean company aims to strengthen its presence in new manufacturing fields, becoming a provider of advanced solutions for its global partners.

Source: https://baodautu.vn/lg-tim-thay-mo-vang-moi-sau-dai-dich-d227482.html