The company is committed to advancing manufacturing processes
The company has worked toward advancing manufacturing through its creation of its Althofen factory, regarded as a World Economic Forum Global Lighthouse, in September 2021. Specifically, the company focuses on connections, digitization and automation to fuel transformation. Moreover, the company uses Industry 4.0 technologies (digital technologies) to enhance the sustainability and safety in its factory. These technologies are used to track materials prior to their arrival to the company and provide customers and suppliers with real-time data, which gives the company a competitive edge since it helps to strengthen its supply chain resilience. In that regard, the company is able to identify issues and take action before they occur.
COVID|Product Innovation|New Activity|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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