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Innovating In Times Of Crisis

Innovating In Times Of Crisis

In an interview with APMEN, Laurent Blaevoet, Asia Managing Director of Novacel discusses the challenges the company faced due to the pandemic and how it innovates sustainably. 

Laurent Blaevoet

Novacel is a French company, part of Chargeurs Group, with more than 40 years of experience in the field of temporary protection of industrial surfaces, technical tapes, performance coatings and specialties machinery. Novacel is a supplier of industrial solutions in various industries (Windows, Glass, Plastics, Metals, Decorative laminates) with a strong focus in metal industries in Asia. Here, Asia Pacific Metalworking Equipment News (APMEN) spoke to Laurent Blaevoet, Asia Managing Director of Novacel to understand how the company was impacted by the pandemic and how it innovates sustainably. 

Q: What was the impact of Covid-19 for your company in Asia and your customers?

Laurent Blaevoet (LB): The pandemic has disrupted a global balanced supply chain and an economic system, which are complex and fragile. 

Our presence in different countries allowed us to deal with the Covid-19 complications using different approaches. Asia was in the front line of the pandemic; it allows us to appreciate how different countries recovered from the disruption due to the pandemic and reopened their economies.

The negative impact of the Covid-19 on our sales was very strong, in the first quarter 2020, especially in China. Most of our customers reduced theirs orders because their production lines were shut down. However, they resumed their activities equally abruptly, in April-May 2020 in order to offset the major effects in the supply chain and in the stocks pipeline. Consequently, we dealt with a strong recovery in China firstly and then to other countries.

We faced various difficulties in finding shipping, both for domestic transportation and for international shipping as most of our products are produced in Europe. Raw material supply was also a concern because the production capacities are limited and not adapted for excessive pent-up demand. This has caused an explosion of prices on most of the raw materials such as plastic resins, chemicals and natural materials for adhesives.

Q: How has Novacel adapted during this crisis?

LB: Novacel is a human-centric company, which facilitates the response to such crisis. 

Novacel was prompt to set up sanitary and contagion prevention protocols at its different locations: temperature measurement, wearing a mask, installation of terminals with hydro-alcoholic gels—measures that are today widely recommended, were implemented in Novacel as early as February 2020. 

In Europe, not only did we set up these health protocols in our factories, but also we dedicated part of our industrial production capacities to develop sanitary products for protection like hydro-alcoholic gels, antibacterial films and disinfection tunnel. More recently, Novacel even developed an anti-microbial and anti-covid spray that can last of three months on every surface, reducing the risk of contamination by contact. In France administrative authorities designated Novacel as an essential industrial activity, which permitted us to remain productive, even during the various containment plan enforced by the Government.

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Siemens Delivers Digital Contact Tracing Application For Safer Workplaces

Siemens Delivers Digital Contact Tracing Application For Safer Workplaces

Siemens Smart Infrastructure has launched Enlighted Safe, a new workplace digital contact tracing app, which helps employees return safely to the workplace. Enlighted Safe provides greater transparency into the contact history of employees who are known to have tested positive for COVID-19. This is designed to support organisations in reducing the exposure of infection, keep healthy employees safe and productive, and eliminate the inefficient, expensive and error-prone manual contact tracing process for employers.

Built upon Enlighted’s real-time location services capability, employees are assigned Bluetooth Low Energy (BLE) identification badges while in the workplace. The app continuously records location, movement and proximity of the employees relative to each other during the period they are in the building. The solution prioritises data privacy, without the need to store personal information. When an employee is known to have tested positive, authorised administrators can query the Safe app, identify other IDs the badge has come in contact with, and disclose the list of anonymised IDs as part of their contact tracing process.

“As COVID-19 restrictions are lifted in some locations, ensuring a safe return to the workplace and re-building employee trust is a global challenge. Smart office technology can play an important role,” said Matthias Rebellius, COO of Siemens Smart Infrastructure. “With new and varied regulations coming into effect, our intelligent IoT solutions can support the safety and well-being of occupants and visitors. We help provide peace of mind and enhanced safety for employers, their workforce and visitors.”

With intelligent IoT analytics, the solution provides greater insight for authorised personnel to visualise the contact events by location visited, duration of contact and proximity data of affected employees inside the workplace. The data is used to inform potentially exposed employees, as well as drive targeted sanitisation efforts. The application’s dashboard also provides transparency on contacts in the building, assisting management in developing safer workplace strategies for physical distancing policies, enhanced sanitisation and monitoring, occupancy limits and contact tracing. Additionally, Enlighted Safe delivers data-driven insights for organisations to proactively manage risks and design safer spaces.

Commenting on the app release, Stefan Schwab, CEO of Enlighted, said: “The important role of IoT technology in buildings has been magnified by the COVID-19 pandemic. The Enlighted sensory system can now provide digital contact tracing. It also lays the foundation for future-proofed buildings ready to help us understand with real-time data the changing nature of our at-work experiences and meet challenges beyond COVID-19.”

Siemens has been working with organisations around the world to support bringing employees back to their workplace with smart building solutions. This includes Comfy, an intuitive workplace app that keeps occupants informed and enables room and desk bookings; and the Siveillance Thermal Shield body temperature detection integrated with access control and a suite of services, such as enhancing indoor air quality,  designed to mitigate the risks of further virus spread.

 

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Siemens Launches Advance Manufacturing Competence Center In Singapore

Siemens Launches Advance Manufacturing Competence Center in Singapore

Siemens has officially launched its Advance Manufacturing Transformation Center (AMTC) to provide guidance, support and training to companies in Southeast Asia on their journey of adoption, transition and transformation towards advance manufacturing.

AMTC is the first-of-its-kind, three-in-one competence center that combines the Digital Enterprise Experience Center (DEX), the Additive Manufacturing Experience Center (AMEC) and Rental Labs – creating a one-stop advance manufacturing ecosystem that addresses operational transition.

The DEX showcases Digital Enterprise solutions that enable companies to create digital twins of their envisioned advance manufacturing plants, so that they can simulate, optimize and evaluate manufacturing operations before constructing the actual manufacturing environment. It also provides manufacturing design consulting.

The AMEC is where companies can experience hands-on exposure to an advance end-to-end additive manufacturing production line supported by AMTC’s ecosystem of technology partners. It fills the gap between additive manufacturing R&D and commercialization by letting companies carry out prototyping, supported by on-site additive manufacturing experts.

The Rental Labs (Additive Manufacturing) provide affordable access to the latest industrial design software and high-end additive manufacturing printers as well as post-processing equipment – allowing companies to do low-volume 3D printing for proof of concept, and testing of such production line before deciding if they want to invest in additive manufacturing infrastructure.

Minister Chan Chun Sing congratulated the launch of the Siemens AMTC with a video message.

Minister Chan Chun Sing congratulated the launch of the Siemens AMTC with a video message.

“Today, most companies understand the urgent need for digital transformation, and the disruption brought on by the COVID-19 pandemic has emphasized that. But many companies are deterred by factors such as complex and unintegrated technologies, high cost of transition, disruption to business continuity and lack of technical experts,” said Raimund Klein, Executive Vice President of Digital Industries, Siemens ASEAN. “Siemens is supporting companies in their transition into Industry 4.0 with the AMTC, a consulting, training, R&D and small-scale production facility, all rolled into one.”

As a testament of how the AMTC can help to accelerate production introduction cycle, the center and its partners developed and manufactured a medical grade face shield using additive manufacturing in June this year. The face shield was designed by Tan Tock Seng Hospital (TTSH) for its COVID-19 front-liners. The optimized face shield has enhanced durability and strength, provides comfort wear and allows ease of cleaning.

Siemens, through the AMTC, is partnering SkillsFuture Singapore to roll out a six-month additive manufacturing training under the SGUnited Mid-Career Pathways Programme. The programme equips mid-career jobseekers with skills in additive manufacturing and digitalization to move into roles such as Programmable Logic Controller engineers and automation engineers, so as to better support the current wave of industrial companies undergoing digital transformation. The AMTC will host projects for trainees to work on and organise Project Demonstration Days for trainees to pitch their projects to potential hiring employers.

“The launch of its Advance Manufacturing Transformation Center reflects Siemens’ continued confidence in Singapore as a leading location to spur regional development and adoption of Advanced Manufacturing. We believe it remains relevant and will catalyse the digital transformation of businesses in the new operating environment,” said Lim Kok Kiang, Executive Vice President, International Operations, EDB. “We are also heartened that Siemens is supporting our mid-career professionals with training opportunities during this challenging period, and equipping them with skills for the future.”

The AMTC ecosystem currently consists of technology providers, education and research institutes, as well as government agencies. They are:

Technology Providers

Education and research institutes

Government agencies

 

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GM Accelerates 3D Printing Capability With Stratasys

GM Accelerates 3D Printing Capability With Stratasys

As the COVID-19 pandemic has ripped through much of the world this year, 3D printing has emerged as an agile and effective technology for producing personal protective equipment, medical equipment prototypes and nose swabs. But General Motors (GM), which has been steadily upping its investments in 3D printing over the past couple years, is betting that the business benefits will continue long after the current crisis subsides. The company added 17 production-grade Stratasys FDM 3D printers to its fleet at the end of 2019 and has been turning to 3D printed tooling for speed, weight reduction and cost efficiency on its production lines.

“With the pace of change in modern industry accelerating and business uncertainty increasing, 3D printing technology is helping us meet these challenges and become more nimble as a company,” said GM’s director of additive manufacturing, Ron Daul. “We’ve been on this journey for more than 30 years, but 3D printing is becoming even more widespread at our company, with more than 700 employees now trained to use the technology. Additive manufacturing is consistently providing us more rapid and efficient product development, tooling and assembly aids, with even more benefits to come.”

An April 2020 study by SME Media found that 25 percent of U.S. manufacturing professionals were planning to change their supply chains in response to the pandemic, and 3D printing was the top choice (with robotics) of 11 manufacturing technologies for post-COVID investment. The technology can be used to 3D print spare parts, produce end-use parts closer to assembly, help manufacturing lines retool faster, and develop new and better prototypes more quickly.

GM is moving faster than some companies to seize a competitive advantage. The company has used 3D printing since 1989 for prototyping. In fact, 75 percent of the parts in the prototype of its 2020 Chevrolet Corvette were 3D-printed, and GM now has 3D printers installed in many production facilities around the world. The company is increasingly moving beyond prototyping to production-related applications like tooling.

A big test of this application came in April when GM entered into contract with the U.S. Department of Health and Human Services to deliver a 30,000-unit order for critical care ventilators, in conjunction with Ventec Life Systems, by the end of August. The company reverse-engineered part data for tooling fixtures from the original ventilator manufacturer, and started 3D printing them the next day. All 3D printed tooling used for critical care ventilators was 3D printed on Stratasys systems. When the company requires more 3D printing capacity, there is an automatic offload path to Stratasys Direct Manufacturing for parts on demand. This helps GM run at a high utilization rate for its existing machines, expanding in-house capacity when it can ensure it has a sustained need for it.

Material innovation and machine repeatability have made a difference. For example, Nylon12 Carbon Fiber is a composite material containing 35 percent chopped carbon fiber by weight, which translates to an exceptionally high strength-to-weight ratio, even in places subjected to heavy vibrations. As a result, heavy parts that would have previously required metal can now be 3D printed in polymers. And production-grade systems like the Stratasys F900 have been designed to not only perform to a high degree of precision but also consistency so that every part is as identical as possible.

“GM is making the smart investments in 3D printing to succeed in this new normal of uncertainty and disruption,” said Stratasys Americas President Rich Garrity. “As a result, GM has manufacturing lines that are more adaptable and less expensive, and products that are developed faster and better. They are a clear model for the future of additive manufacturing in the automotive industry.”

 

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Global Robotics Technology Market To Top $170B By 2027

Global Robotics Technology Market to Top $170B by 2027

The global robotics technology industry was estimated at $62.75 billion in 2019, and is expected to hit $170.08 billion by 2027, registering a compound annual growth rate (CAGR) of 13.5 percent from 2020 to 2027, according to a new report by Allied Market Research.

The rise in need for automation and safety in organizations, availability of affordable and energy efficient robots, increase in deployment of robots in several industries, and surge in labour and energy costs are driving the growth of the global robotics technology market. On the other hand, high implementation costs and lack of awareness about automation among the SMEs impede the growth to certain extent. However, growth in adoption of robotics technology across the world is projected to create multiple opportunities in the industry.

READ: Nissan Teaches Robots To Make Replacement Parts For Cars

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COVID-19 Scenario

Due to the global lockdown, there has been a lack of demand for automated machines from the construction, automotive, and many more other industries which, in turn, has impacted the robotics technology market badly. Also, disruptions in the supply chain have curtailed down the growth to some extent.

However, with several relaxations coming up over the restrictions, the market is expected to make up the blocks soon.

Hardware Segment to Lead the Trail

Based on component, the hardware segment contributed to nearly three-fourths of the global robotics technology market share in 2019, and is expected to retain its dominance by the end of 2027, owing to the fact that hardware components are cheaper than software modules and are also faster to deploy.

The service segment, on the other hand, would grow at the fastest CAGR of 16.7 percent throughout the forecast period. Rise in need of different services such as managed services and professional services propel the growth of the segment.

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Manufacturing Segment to Dominate End-application

Based on application, the manufacturing segment accounted for more than three-fourths of the global robotics technology market revenue in 2019, and is anticipated to rule the roost by 2027. This is attributed to high labour costs, new safety regulations, and stringent emission norms issued by several government bodies.

Simultaneously, the aerospace & defence segment would portray the fastest CAGR of 16.7 percent during the study period. Increased rate of unmanned systems, high-end technological advancement, and surge in government expenditure fuel the segment growth.

Asia-Pacific to Maintain Top Status Until 2027

Based on geography, Asia-Pacific held the major share in 2019, generating more than two-thirds of the global robotics technology market. The same region would also manifest the fastest CAGR of 14.4 percent till 2027.

The rise in growth in automation and intensive R&D in a number of countries including Japan, China, India, Australia, and Taiwan is driving the market growth. Meanwhile, North America is anticipated to portray the CAGR of 13.3 percent from 2020 to 2027.

 

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Global Spending On Defence Declines As Governments Allocate Funds To Reactivate The Economy

Global Spending on Defence Declines as Governments Allocate Funds to Reactivate the Economy

Frost & Sullivan has released a report that presents the impact of global spending on defence under three scenarios—gradual containment, severe pandemic, and global emergency. As governments around the world allocate funds to contain the COVID-19 pandemic and reactivate the economy, under the severe pandemic scenario, defence spending will stagnate at current levels for the short term (2020-2021). In the global emergency scenario, defence spending will reduce, though this will mainly depend on global and regional political conditions. But, in the long term, it will be cut by at least 10%, as witnessed in the past.

“The decline in GDP and the increase of budget deficits would have an impact on defence spending, but the effect would be lower than other industries,” said Alexander Clark, Aerospace & Defence Research Analyst at Frost & Sullivan. “Additionally, governments across the world will promote investments for national security and as potential investments for export revenue.”

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Clark added, “With increasing geopolitical tensions, the regional defence spending ratio will remain unaffected as the underlying political factors continue to remain constant. Further, the United States, Asia and Europe, respectively, will remain the biggest consumers of defence products.”

Despite this, defence market participants are likely to increase revenue realisation from a services portfolio by redesigning their strategies and customer engagement models, including:

  • Mergers and acquisitions: Identify businesses/SMEs whose acquisition/partnership would diversify and strengthen the existing portfolio.
  • Vertical integration: Focus on offering aftermarket services such as simulator training, PBL contracts, spare parts or maintenance, repair, and operating (MRO).
  • Robotics and artificial intelligence: Develop and upgrade products that serve military-medical, commercial-security, containment, and logistics purposes.
  • Chemical, biological, radiological and nuclear defence (CBRN): Strategic acquisitions or diversification of product portfolio should include CBRN protective clothing and equipment.

 

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Siemens Workplace Distancing Solution Helps Manage ‘Next Normal’ Manufacturing

Siemens Workplace Distancing Solution Helps Manage ‘Next Normal’ Manufacturing

Manufacturers are facing new challenges as they look to restart or maintain operations during the ongoing COVID-19 pandemic. As preparations are made for the “next normal”, manufacturers must consider additional dimensions of employee safety, including the establishment of production environments and workflows that address physical distancing requirements.

Combining proven hardware and software, Siemens has created a new solution that enables companies to quickly and efficiently model how employees interact with each other, the production line and plant design. The new solution also enables organisations to build an end-to-end digital twin, in order to simulate worker safety, iterate on and optimise workspace layouts and validate safety and efficiency measures to help future-proof production lines.

With Siemens’ SIMATIC Real Time Locating Systems (RTLS), companies can continuously measure distances between workers, provide real time visual feedback to employees regarding their spacing from others and create a log of all movements and interactions over time. In this way, the Siemens’ SIMATIC RTLS continuously facilitates safe distancing while providing numerous additional benefits.

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Combining Siemens’ SIMATIC RTLS with a digital twin of the actual manufacturing environment permits companies to model and simulate how employees interact with the equipment and each other, enabling them to iterate and optimise safety and productivity in the short term, and validate a redesign of the entire operation before more costly physical changes are made.

“We are helping our customers create a safe work environment, which is extremely important as they look to produce efficiently and reliably under unprecedented circumstances,” said Tony Hemmelgarn, President and CEO of Siemens Digital Industries Software. “The combination of real time distancing management and digital simulations will help companies maintain safe work environments today and make educated decisions about ongoing and long-term optimisation.”

In order to implement this solution, Siemens’ SIMATIC RTLS transponders are embedded in badges which are worn as personal protective equipment by all employees. RTLS receivers placed throughout the operation can then continuously track and record workforce movement. When two employees are in a risk scenario (e.g., less than six feet apart), their badges will display a warning, alerting them to their distancing situation. The data collected over time can be analysed to identify “hot spots” where risk scenarios occur frequently. Such situations become easily actionable via the digital twin, which is provided by Siemens’ Tecnomatix Process Simulate and Plant Simulation software. Utilising the collected data, new manufacturing layouts or workflows can be simulated until one is determined to provide the desired outcomes, which can then be implemented in the physical operation.

Beyond this, manufacturers can add traceability to the solution through Siemens’ on-premise solutions or an application such as Siemens’ Trusted Traceability Application on MindSphere, the cloud-based, open IoT operating system from Siemens, which helps enable rapid, comprehensive contact analysis in the unfortunate event of an actual workplace illness. All movement and contact with the affected employee can be visualised, enabling rapid notification of those who came into close contact and selective (rather than site-wide) deep cleaning of exposed physical environments.

“Siemens is providing a powerful, rapidly deployable solution that helps manufacturers take control of their operations and achieve better safety, productivity and cost outcomes today and in the post-Covid era,” said Raj Batra, President of Digital Industries for Siemens USA. “Our solution consists of proven technologies that can begin delivering results for most manufacturers in one to two weeks.”

 

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Stringent Emission Norms Fuelling Growth Of Global EV Sales

Stringent Emission Norms Fuelling Growth Of Global EV Sales

The COVID-19 uncertainty will globally dent electric vehicle (EV) sales, which are estimated to stand somewhere between ±9 percent in 2020 compared to 2019 under three different scenarios—gradual containment, severe pandemic, and global emergency—according to a new report by Frost & Sullivan. But as the market recovers, which is probably after June in the best-case prospect, it is predicted to experience healthy growth. In an optimistic scenario, EVs are estimated to grow by 8.6 percent year-on-year (YoY), registering 2.5 million unit sales (battery electric vehicles plus plug-in hybrid electric vehicles) globally in 2020.

“EV sales will be driven by the implementation of stringent emission norms across countries and global policies favouring the adoption of battery electric vehicles (BEVs),” said Prajyot Sathe, Automotive and Transportation Industry Manager at Frost & Sullivan. “Additionally, non-monetary or tax incentives are likely to be more attractive for buyers as countries with the highest EV penetration ratio such as Norway and the Netherlands offer these rather than cash incentives.”

According to Sathe, if BEVs are pushed by original equipment manufacturers (OEMs) on new energy vehicle (NEV) credit mandates, China is set to remain the market leader with a 48.3 percent share. Europe, on the other hand, is expected to have the highest YoY growth of over 10%, mainly driven by availability of models, reduced delivery times and compliance push.

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READ: Thailand To Lead In EV Battery Manufacturing And Assembly

To tap into the growth prospects exposed by EV, market participants should focus on the following:

  • The introduction of new models will help OEMs increase the percent penetration of EVs.
  • A huge number of recyclers and dismantlers will come into play as the first phase of batteries will be available for second life or recycling.
  • Charging as a service is an emerging trend. Hence, partnerships will be necessary for traditional participants to compete with start-ups.
  • Capitalising on existing expertise will help component manufacturers sustain the transformation of the industry.

 

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Share Your Insights: COVID-19 & Your Business

Share Your Insights: COVID-19 & Your Business

The COVID-19 pandemic is having an unprecedented impact on the global manufacturing supply chain. For instance, factory shutdowns have drastically impacted the metalworking supply chain around the car and auto parts manufacturing industries. While the medical equipment sector is experiencing massive demand, the grounding of airline fleets is expected to put a dent in the MRO industry—at least those segments involving metalworks.

In line with our continuing coverage of the impact of COVID-19 pandemic, we at Asia Pacific Metalworking Equipment News (APMEN) are conducting the following brief survey regarding the impact of the COVID-19 outbreak to your business. Your participation in this survey is greatly appreciated and will help ensure we are providing you and the industry with the best content possible.

Take Our Survey

 

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Resilience Index Ranks Countries Well Positioned To Foster Post-pandemic Business Recovery

Resilience Index Ranks Countries Well Positioned To Foster Post-pandemic Business Recovery

Resilience has never been more critical as businesses emerge from the COVID-19 crisis and look to recovery, with top-ranked Asian countries and territories in the 2020 FM Global Resilience Index, including Hong Kong (ranked 19), Singapore (ranked 22), Japan (ranked 26), Taiwan (ranked 29) and South Korea (ranked 37), demonstrating they have the foundation in place for a robust rebound.

The annual index, published today by FM Global, one of the world’s largest commercial property insurers, is the definitive ranking of nearly 130 countries by the resilience of their business environments. It provides companies with objective information about countries’ economic, risk quality and supply chain resilience—factors that create a springboard for businesses working to recover from the pandemic.

In addition to outlining the post-pandemic business landscape, the FM Global Resilience Index stands as a dynamic reminder that conventional business risks such as typhoons, flood, drought, fire and earthquakes, continue to threaten operations and overall business value.

Amongst the index’s 12 economic, risk and supply chain-related measures of resilience that underpin a country’s overall ranking, no Asian country ranked inside the top 30 for their ‘natural hazard risk quality’—a measure of the quality and enforcement of a country’s building codes with respect to natural hazard-resistance combined with the level of risk improvement achieved. For natural hazard risk quality, Japan (ranked 32), Singapore (ranked 33), Taiwan (ranked 35) and Hong Kong (ranked 40) stand strongly in contrast to China Regions 1, 2 and 3 (ranked 91),1 Cambodia, Sri Lanka, Laos, and Nepal (all tied at 97) and Vietnam (ranked last at 130).

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Within the index, a number of Asian countries fell in 2020 in regards to ‘inherent cyber risk’ including Taiwan (from 45 to 93), Hong Kong (from 72 to 97) and Vietnam (from 103 to 116) reflecting the evolving cyber threat landscape that continues to be a board level concern and can challenge the resilience of many businesses across Asia as internet penetration increases.

“As we look ahead to post-COVID-19 recovery, resilience takes on new meaning for many businesses across Asia. The 2020 FM Global Resilience Index demonstrates that attention must still be paid to ever- present and traditional business risks, such as natural disaster and cyber security,” said Alex Tadmoury, senior vice president, division manager of FM Global’s Asia Pacific operations. “These remain obstacles for many countries across Asia, heightened by new challenges created by the pandemic. Those that endure most successfully will be those who invest in thorough risk-and-resilience analysis and timely loss prevention measures.”

Top, bottom, risers, fallers

Overall, many countries across Asia remained stable compared to previous years. Notably, a major riser in this year’s index is Taiwan, which climbed 14 places to 29th based on improvements in its urbanisation rate, natural hazard risk quality, and quality of its infrastructure. Taiwan’s urbanisation improved dramatically, moving the country up 42 places for that metric (from 122 to 80). Taiwan also has demonstrated its resilience, seeing success in containment of COVID-19.

South Korea and Japan saw improvements in their urbanisation rate, with South Korea moving up 27 places to rank at 4th place and Japan moving up 38 places to rank 24th. China significantly improved for corporate governance from last year’s ranking (from 98 to 74), indicating greater scrutiny of auditing and accounting standards, conflict of interest regulation and shareholder governance.

Overall, the index’s top-ranked regions (in descending order) are Norway, Switzerland, Demark, Germany, Sweden, Finland, Luxembourg, Austria, Central United States and Eastern United States (both the U.S. and China comprise three regions with differing natural hazard exposure).

Norway occupies the top spot again this year, supported by strong economic productivity, a stable political environment, low corruption, high natural hazard risk quality and robust corporate governance.

The bottom 10 (in descending order) are Nicaragua, Nepal, Mali, Mozambique, Iran, Lebanon, Chad, Ethiopia, Venezuela and Haiti.

The biggest faller in the index is the Dominican Republic, which fell 19 places to 90th place due to increases in its urbanisation rate and cyber risk.

How to use the index

Index data like this is designed to help chief financial officers (CFOs) and other business leaders make prudent business decisions as they site facilities, extend supply chains and cultivate customers. A lack of business resilience can result in long-lasting effects on market share, growth opportunities and investor confidence—all contributors to business value.

“Resilience is ultimately a product of the choices businesses make, including where they do business and how they invest in each location,” said Sanjay Chawla, chief investment officer at FM Global. “The index is designed to make these choices clearer as executives weigh the regular strategic reasons – logistics, labor force and market opportunity – for selecting particular geographies.”

 

For more exclusive news and articles, visit www.equipment-news.com.

 

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