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PC-DEC22-PG24-25.1_Layout 1 04/01/2023 14:36 Page 25


INDUSTRY 4.0/IIOT 1IHS Markit / CIPS UK Manufacturing PMI (Oct 2021)


2Bain & Co., Beyond the Downturn: Recession Strategies to Take the Lead, 16 May 2019); Harvard Business Review, Roaring Out of Recession, Mar 2010); Harvard Business Review, How to Survive a


Recession and Thrive Afterward (May/ June 2019) 3


PwC, Global M&A Trends in Industrial Manufacturing & Automotive Sectors: 2022 Outlook (2022) With substantial benefits to be gained from


retrofitting and modernisation measures, manufacturers are now under pressure to start investing in digitalisation as soon as possible. Smart financing arrangements (usually based on a leasing structure) help organisations acquire new equipment or retrofit existing machinery without having to deploy retained capital or over-burden their banking. Smart financing enables the acquisition of


date machines are more likely to suffer downtime, their modernised version will be more agile to manage supply chain disruption, more efficient and generally more productive. Not only will this impact costs, it’s also likely to impact areas such as energy efficiency.


technology and equipment for competitive advantage, in a way that is financially sustainable and tailored to the organisation’s specific business and cash-flow needs. It offers three major advantages over generalist finance: technology expertise which understands real business outcomes; a breadth of financing solutions which can meet every organisation’s exact needs; and smooth, sophisticated processes which makes the use of smart finance seamless and easy. Technology expertise leverages deep


understanding of the technology and how it is applied in practice, plus the benefits and ROI it delivers in real-world applications. Breadth of financing solutions offers a true spectrum of financing products and solutions


which can be flexed and customised to fit each organisation's individual needs. Smooth processes put customer


experience front and centre – delivering speed and ease, supported by digital tools, techniques, and sector experts. There’s no better time for


manufacturers to start their digitalisation journey and reap the rewards of more agile, flexible and efficient production. Where investment in brand new


equipment is not possible or severely delayed, retrofit or refurbished models provide an ideal option for organisations. Not only is it better for environment, it also enables manufacturers to digitalise the factory floor sooner. With support from knowledgeable, specialist financiers, smart finance solutions can make investment in digital transformation affordable and manageable. To read the Siemens’ report, visit:


https://new.siemens.com/uk/en/product s/financing/news-blogs-insights.html


FHS-OCT19-ROTECH.qxp:Layout 1 11/10/2019 15:53 Page 1 


Siemens Financial Services new.siemens.com


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DECEMBER 2022/JANUARY 2023 | PROCESS & CONTROL 25


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