Pivot Or Perish – We are on the cusp of a new automation era – Livemint

The coronavirus pandemic has upturned businesses worldwide (Reuters ) 2 min read . Updated: 05 May 2020, 08:09 AM ISTStaff Writer

We are entering an era of the Big Reboot, a rare, once-in-a-lifetime moment that will change everything forever. Businesses will not be the same. The way of doing business will change, as will key markets and customers. Mints Pivot or Perish campaign focuses on how companies are responding to a new normal across key sectors.

In our second interview in the Pivot or Perish series, wherein top companies share their vision for mapping the future after the coronavirus outbreak, S.S. Kim, managing director, Hyundai Motors India Ltd, the countrys second-largest carmaker, shared how digital will play a critical role in sales operations of automobile companies. Usage of vehicles will also change drastically towards greener solutions, Kim said. (Read full interview here)

Post-coronavirus outbreak, digital will play a critical role in sales operations of automobile companies. Usage of vehicles will also change drastically towards greener solutions. The manufacturing process and supply chain will evolve differently in the near term, as companies focus on reducing dependencies, said Hyundai Motors India MD S.S. Kim. (Read full interview here)

Survival calls for adaptation. This sounds Darwinian, but the fittest" businesses that survive the impact of covid-19 will have no time for trial and error down the generationsor cycles of production, in this case. It would require transformations made at warp speed, based on forecasts that look uncertain and driven by decisions that would test every leaders mettle. (Read Mint Views)

"The electric vehicle (EV) plan can have some delay for some months for sure as it is more of an investment for the future. That said, we want to maintain our strategy because I think that it is a good opportunity for the three-wheeler business in the next 3-5 years is going to come from last mile transportation and electrification. We do not want to miss that opportunity," says CEO Diego Graffi.

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, plunged to 27.4 last month from March's 51.8, by far its lowest since the survey began in March 2005 and its first time below the 50-mark separating growth from contraction in nearly three years. (Read here)

Diego Graffi speaks about the tough calls the company may have to take as uncertainty looms on resuming operations. 'The situation has become more complicated under the third phase of lockdown. We have received the permission to resume operations at our manufacturing plants in Baramati, but the problem is that our suppliers located in the Pune region cannot resume production," he says. Read full interview here

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Pivot Or Perish - We are on the cusp of a new automation era - Livemint