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Author: Team Ignite

June: During a summit in Brussels, EU leaders agreed to boost preparations for further cuts in Russian gas. The leaders have urged the European Commission to propose a plan to secure energy supply at affordable prices.

May: War, extreme weather, supply chain disruptions, and the pandemic have hit energy markets around the world hard, putting economies and even lives at risk.

April: Recent covid-related shutdowns in Shanghai heaped more pressure on global supply chains.

March: Global CO2 emissions reached the highest level in history in 2021, as the world bounced back from the pandemic, according to an analysis by the IEA.

February: This month marked the 100th day since COP26, but there is no obvious progress that has been made on the commitments made during the conference in Glasgow.

January: According to a climate report by the National Oceanic and Atmospheric Administration (NOAA), the US in 2021 saw 20 weather and climate disaster events with losses exceeding $1 billion each.

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The next wave of digitalization is all about connecting the digital and physical in real time. In this video, veteran strategy researcher Frank Elter explains how companies can overcome the challenges of partnerships and reap the rewards.

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Dr. Frank Elter, chief scientist at Telenor Research (and an associate professor at NHH – Norwegian School of Economics), discusses how to ensure that value creation is part of your next partnership deal.

“Partnership is essentially all about ‘exploring and exploiting,'” Elter said. “Exploring is the more difficult of the two, as the outcome is something unknown and can be difficult to describe. But today, we’re clearly seeing a shift, as more partnerships are being formed in the “explore” category to innovate and create growth.”

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Abdullah Jarwan, CEO of the joint venture CNTXT, knows that digitalizing an entire country is a job that’s too big for a single company to handle.

“Partnerships will be essential to this journey and a key way to succeed in this rapidly advancing environment,” Jarwan said. “Further advancing the Kingdom of Saudi Arabia is not something that can be done overnight, and it’s not something that can be done alone. It will take good partners who are committed over time to continue to bring our Vision 2030 to life.”

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When two corporate entities come together, both successful in their own rights, the expectations for the partnership loom large. The truth, according to long-time corporate partnership executive Petter Lee-Johannessen, is that it doesn’t always work out as planned.

“It’s important to acknowledge that not all the partnerships you see announced in the media are successful in the end,” Lee-Johannessen said. “And it’s even more important to understand why. When you combine the challenge of making products and services with the added complexity of doing that with someone else, you come up against all kinds of roadblocks.”

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“Cheap energy is gone”: During a summit in Brussels, EU leaders agreed to boost preparations for further cuts in Russian gas. The leaders have urged the European Commission to propose a plan to secure energy supply at affordable prices.

Nowhere to hide: Procurement and other documents reviewed by The New York Times show that over 1.4 billion people living in China are constantly watched by technology.

Global food crisis worsens: Higher energy prices combined with constrained exports from Ukraine and Russia are threatening some of the world’s most vulnerable populations.

A G7 “Belt and Road Initiative”: US President Joe Biden announced that G7 partners and private capital will aim to invest $600 billion in the Partnership for Global Infrastructure and Investments, a counter to China’s Belt and Road Initiative.

Green aviation takes flight: The Swedish airline Braathens Regional Airlines performed the first test flight with 100% sustainable aviation fuel in both engines. This is a major milestone for the aviation industry, as it proves that the technology works and can be adapted by other players in the industry.

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There’s no getting around the global supply chain issues facing the manufacturing industry. It’s time to think locally, argues Eliano Russo, who leads Enel Green Power’s 3Sun Gigafactory, one of the largest photovoltaic production plants in Europe.

“The opportunities for local suppliers are immense, especially as we move toward a more regional and less global supply chain,” Russo said.

Read Russo’s full thoughts on how digitalization adds value to manufacturing, and how the industry will change over the next decade.

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The manufacturing industry is currently using digital twins to monitor the present. Now’s the time to make them predict the future, says Thomas Lacroix, chief technology officer at Cosmo Tech.

“To overcome the challenges and tap into the opportunities, manufacturers will need to know not only how the organization is performing, but also how it will perform in the future—especially in situations that have never before been experienced,” Lacroix said.

Read Lacroix’s thoughts about how continuous efficiency improvements will drive the manufacturing industry toward a more dynamic, efficient future.

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Tough times call for tough decisions. In this video, Cognite CEO and enterprise software veteran Girish Rishi shares his top three tips for how industrial leaders can maximize stakeholder buy-in with effective decision-making.

This content is exclusive to Ignite News subscribers. Sign up free today to get access to this and other industry insight in the future.

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Costs are going up, supply chains are facing major disruptions, and experienced workers are leaving the manufacturing industry. Yet Microsoft’s Patrik Sjöstedt, who leads Microsoft’s business for Manufacturing & Supply Chain Industry Solutions in Europe, the Middle East, and Africa, sees a silver lining:

“There are many tactics to address these challenges,” Sjöstedt said. “Classic cost reduction and lean manufacturing initiatives can help improve efficiencies and quality while reducing waste.”

Read Sjöstedt’s thoughts on how manufacturing companies can use data from more and more connected devices to build a “digital backbone” to support their digitalizations efforts.

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