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CEAT and HUL Recognized by WEF as Part of the Global Lighthouse Network.

International | Dated: 20 Jan 2025

In January 2025, the World Economic Forum (WEF), headquartered in Switzerland, announced that CEAT Limited (Sriperumbudur, Tamil Nadu) and Hindustan Unilever Limited (HUL, Tinsukia, Assam) have joined its Global Lighthouse Network (GLN) for advancing manufacturing transformation through innovation.

🎯 Key Highlights:

  • - The GLN welcomed 15 new members from countries including the UAE, China, Germany, Malaysia, Saudi Arabia, the UK, the USA, and Morocco, which is home to Africa's first Lighthouse site.
  • - As of January 2025, a total of 16 Indian companies are part of the GLN, including Jubilant Ingrevia (Bharuch, Gujarat), which joined in October 2024.
  • - The WEF announced the addition of 17 innovative industrial sites to the GLN, raising the total number to 189 facilities, with 25 recognized as Sustainability Lighthouses for leveraging advanced Industry 4.0 technologies to reduce environmental impact.

💡 Other Important Facts:

  • (i) Among the latest Lighthouses, 13 sites have been recognized as 4IR Lighthouses for achieving significant performance improvements through technology-driven transformations, while 5 were named Sustainability Lighthouses.
  • (ii) The latest cohort of Lighthouses reported a 53% average increase in labor productivity and a 26% reduction in conversion costs, driven by digital solutions such as Artificial Intelligence (AI), Machine Learning (ML), and Advanced Analytics (AA).
  • (iii) The Global Lighthouse Network (GLN), launched in 2018 by the WEF and co-founded with McKinsey & Company, aims to enhance manufacturing and supply chain performance by leveraging Fourth Industrial Revolution (4IR) technologies, promoting productivity, resilience, and environmental sustainability.

📚 Test Your Knowledge:

Which Indian tire manufacturing company, along with HUL, has been recognized by the World Economic Forum (WEF) as part of the Global Lighthouse Network?

Correct Answer: CEAT

🚀 Quick Recap:

About CEAT Limited

  • MD & CEO: Arnab Banerjee
  • Headquarters : Mumbai