Lenovo Recognized for Global Manufacturing Leadership at 2023 World Economic Forum Business Wire

Lenovo’s Hefei LCFC factory is one of 18 additional sites recognized by the World Economic Forum, held in Davos this year, as part of its Global Lighthouse Network comprised of 132 leading manufacturers, each chosen for their leadership and integration of Fourth Industrial Revolution (4IR) technologies.

The Global Lighthouse Network is an international association of manufacturing sites and other facilities that are leaders in the adoption and integration of advanced technologies of the fourth industrial revolution (4IR). These ‘beacons’ are applying the key technologies of this revolution, such as artificial intelligence, 3D printing and big data analytics to maximize their efficiency and competitiveness at scale, transform business models and drive economic growth while increasing the workforce, protecting the environment and contributing to the learning process of manufacturers of all sizes, regardless of their sectors and locations.

Founded in 2011, LCFC is one of the world’s most developed smart manufacturing factories and the largest in the field of manufacturing smart computing devices (PCs, servers, edge computing, smart Internet of Things). This factory, shipping products to 126 countries around the world, is the flagship of Lenovo’s network of more than 35 manufacturing sites operating in nine different markets. Additionally, the factory handles 300,000 individual pieces of materials and components every day, 300 new discrete products every year, and more than 200,000 different product configurations.

LCFC has been recognized for its integration of 4IR technologies as well as for its transformation over the past few years which aims to cope with the major changes in the industry, the increase in competition and the strong fluctuations in demand during the pandemic. worldwide, as well as the growing demands for product customization. This transformation also includes the use of advanced analytics contributing to a 45% improvement in labor productivity and a reduction in potential supplier quality issues, as well as the management of 8,000 orders per day, of which 80% are small orders of less than five units.

Digital intelligence technology has also played a crucial role in emphasizing the production scheduling/planning as well as the operating dynamics of the plant’s 36 intelligent production lines. This has resulted in significant efficiencies in the areas of planning and inventory management and one PC completed and off the production line every 0.5 seconds.

Thanks to the LCFC factory’s focus on R&D, its position as a center and model for advanced manufacturing technologies, and its strong focus on sustainability, Lenovo has been awarded 121 patents in the field of smart manufacturing. One of LCFC’s other notable innovations is the production process low temperature developed to improve PC production, while saving energy and increasing reliability. Lenovo leverages the best practices used by the LCFC factory to reduce its global environmental footprint and uses them to support the digital transformation of the broader industrial ecosystem. Lenovo is globally recognized for its manufacturing processes as well as its supply chain. The company occupies the 9th position in the world ranking established by Gartner of the 25 best performing supply chains and the #1 among supply chains in Asia-Pacific .

The Global Lighthouse Network is a project of the World Economic Forum carried out in collaboration with McKinsey & Co. The companies and sectors that join the network are nominated by a group of independent experts. For more information, please click here.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a global technology giant with sales of USD 70 billion. Ranked 171st on the Fortune Global 500, the company employs 82,000 people worldwide and serves the needs of millions of customers in 180 markets daily. As part of a bold vision to deliver smarter technology for everyone, Lenovo has built on its success as a global PC leader to expand into key new growth areas, including servers, storage space, mobile telephony, solutions and services. This transformation, combined with Lenovo’s groundbreaking innovation, is building a more inclusive, trusted, and sustainable digital society for everyone, everywhere. For more information, please visit www.lenovo.comor discover the latest news on our Storyhub.

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Lenovo Recognized for Global Manufacturing Leadership at 2023 World Economic Forum Business Wire

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