Great article, Amanda! I can completely empathize with companies, such as Ford, struggling to keep up with political pressures to produce locally, while keeping costs to a minimum.
First, I feel that restrictions on manufacturing locations might make many of these companies cost incompetent in several high volume, low value geographies in Asia. As a result, these companies might have to move away from the legacy model of having large manufacturing hubs to small local manufacturing plants for local demand, say in each country.
Second, the governments will need to ensure a level playing field for local and foreign players. Otherwise, Ford and similar local companies might find themselves losing on the cost front to Japanese and German car makers.
Thanks for this wonderful article, Mazen. Very informative.
It is heartening to know that the Australian government is making a concerted effort to digitize healthcare data. I will be curious to know how they handle patient data ownership as the implementation goes on. As Francie touched on it briefly, one of the main impediments in US right now is that the HCPs own this data, and this limits its interoperability.
Secondly, I feel that in such cases it helps to have a broad idea of what kind of applications they would like to support, and then build the data architecture around it. This reduces implementation risk, saves a lot of rework at a later stage, and creates incentives for hospitals to invest into applications rather than the data pool itself.
Exciting read! It will be interesting to find out how pharma companies use IoT technologies to optimize supply chain. I wonder how would a giant like Pfizer go about training thousands of employees on these cutting-edge technologies.
I agree that patient confidentiality will be a big issue, especially with subscription-based models and connected drug delivery. Also, I will be curious to follow up on how they leverage this data beyond supply chain – be it partnering with IoT majors like Google, or data-based healthcare companies like Epic – to ultimately provide better care.
Very insightful! It can be challenging to operate in an industry that shares such a large burden of global warming. I wonder if Cargill can take up the mantle of LED-based indoor farms, and provide the requisite investment to scale these up – http://www.usa.lighting.philips.com/products/horticulture/city-farming. Growers can further purify the gases emitted in these farms to reduce their carbon footprint.
Great read, Sam! It will also be interesting to see how Diageo enables better water-use techniques, such as drip irrigation. Since, ensuring continuous supply of grains is so critical to its success, I wonder if it’s time for Diageo to partner with companies such as Netafim, or Jain Irrigation, and help them scale up their water management solutions.