Abu Dhabi, UAE, March 29, 2017: Disruptive thinking has the power to spark transformation in businesses, industries, and economies, and leaders need to foster an innovation culture in order to fully capitalise upon the potential for change, said Scott Fancher, Senior Vice President, Program Management, Integration and Development Programs, The Boeing Company, at the Global Manufacturing and Industrialisation Summit (GMIS) in Abu Dhabi.
Fancher spoke during a keynote interview, entitled ‘Finding Transformational Ideas in The Age of Disruption’ with John Defterios, Emerging Markets Editor, CNN.
He shared that because of disruptive thinking, the Dreamliner, a project he worked on, was built to be more efficient. “We wanted to disrupt the marketplace through the convergence of evolving technologies around material systems and avionics systems and bring them all together in way that would create an airplane that was 20 per cent more fuel efficient than those in existence,” said Fancher. “It has been a success. The airplane is now deployed around the world and has enabled 130 new routes, making it more economical for carriers and allowing for a new customer experience with its innovative design. There is also a great potential market to tap into as 90 per cent of the world’s population hasn’t ever flown.”
Fancher went on to say that material systems, systems themselves, and propulsion from GE and Rolls Royce are combined to build airplanes that are more efficient to operate and maintain. The convergence of these technologies focussed on improved operating efficiency is going to be key going forward.
He mentioned The Boeing Company’s strong relationship with Strata and how they have brought the aerospace factory online, facilitating the production of high quality parts on time. He added, “The application of artificial intelligence to this market is going to be wide-reaching, it won’t just be around the products we produce but the production systems used to make them.”
The inaugural Global Manufacturing and Industrialisation Summit is taking place at the Paris-Sorbonne Abu Dhabi, UAE, until March 30, 2017, under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Summit, which is co-chaired by the UAE Ministry of Economy and the United Nations Industrial Development Organization (UNIDO), is the world’s first global gathering for the manufacturing community, bringing together 1,200 decision-making leaders from governments, businesses and civil society organisations to shape a vision for the sector’s future.
The Summit is a global platform for participating attendees to learn from best practices from across the world. This unprecedented global gathering will spark new ideas and set the stage for debate and action – addressing ways in which manufacturing can shape and reshape the world, integrating activities between developed and emerging markets, and delivering on social responsibility towards future generations. Leaders from the public and private sectors, along with representatives from civil society organisations, will gather to discuss global challenges within the manufacturing sector, looking specifically at six themes: technology and innovation; global value chains; skills, employment and education; sustainability and environment; infrastructure; standards, and stakeholder alignment.
About the Global Manufacturing and Industrialisation Summit
As the world’s first cross-industry forum, the Global Manufacturing and Industrialisation Summit is a global gathering for manufacturing minds. It is a voice and a venue for global manufacturing transformation. More than 1,200 delegates will attend, including world leaders, industry CEOs, policy-makers, specialist researchers and academics. The Global Manufacturing and Industralisation Summit will deliver (i) a voice for transformational ideas, (ii) a venue for the generation of new networks and cross-industry partnerships, (iii) a showcase for pilot projects arising from cross-industry research,
Global Agenda on the Future of Manufacturing
The conference will focus on the role of manufacturing in reconstructing the global economy and restoring global prosperity. Leaders from the public and private sectors, along with civil society representatives, will gather together to discuss global challenges facing the manufacturing sector. The discussions will focus around six themes: technology and innovation; global value chains; skills, employment and education; sustainability and environment; infrastructure; standards and stakeholder alignment. The participants will form working groups to identify concrete action plans and recommendations that outline potential solutions to global issues, as well as showcase best practices and case studies from across the world. To highlight an example of global issues, the inaugural conference will focus on the issue of economic migration, with the aim of establishing a manufacturing platform that will bring together countries facing emigration or immigration challenges with regional countries that seek to support economic reconstruction. These countries will work together with manufacturers and the wider United Nations network on restoring global prosperity.
The Manufacturing Expo
Capitalising on the huge presence of the global manufacturing community under a single meeting venue, the Manufacturing Exhibition will offer space to corporations looking to showcase their products, services and latest innovations or technologies that can further contribute to promoting global economic development. The Manufacturing Expo consists of four components: an exhibition showcasing the manufacturing capabilities of the host country; international pavilions showcasing the manufacturing capabilities and economic incentives of each participating country; an innovation exhibition that demonstrates the latest fourth industrial revolution technologies; and an event for SMEs to present their products and solutions to potential customers.
The Global Value Chain Market
The Global Value Chain Market (GVCM) is a business matchmaking platform dedicated to increasing regional and international partnerships and opportunities. The platform will provide networking and sourcing opportunities both online and onsite via pre-scheduled meetings with the vision of forging investment opportunities, commercial partnerships, and encouraging technological transfer and knowhow. The platform will enable countries to identify and meet global manufacturers to promote industrial development, and familiarise global manufacturers with targeted industrial activities in various countries. The GVCM will become a source of valuable information for global investments, providing insights on legislation and regulations, sovereign risk, political stability, and physical and logistical infrastructure.