|30 March, 2020

'Digital restoration' is the answer to getting the global economy back on track

The Global Manufacturing & Industrialisation Summit announces a series of digital sessions

His Highness Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Ruler of the Emirate of Dubai at the inaugural edition of Global Manufacturing and Industrialisation Summit (GMIS) in 2017

His Highness Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Ruler of the Emirate of Dubai at the inaugural edition of Global Manufacturing and Industrialisation Summit (GMIS) in 2017

#GMIS2020 will become the world’s first virtual gathering for the global manufacturing community

Fourth Industrial Revolution proves to be an effective tool in restoring lives

Hannover, Germany: The Global Manufacturing and Industrialisation Summit (GMIS), a joint initiative by the United Arab Emirates (UAE) Ministry of Energy and Industry and the United Nations Industrial Development Organization (UNIDO), today announced that the third edition of its Summit, #GMIS2020, will be converted into a series of digital sessions, inviting thought-leaders from the global manufacturing community to virtually come together, for the very first time, to discuss, debate and shape the future of the manufacturing sector.

#GMIS2020 was initially planned to take place in April alongside the Hannover Messe 2020 in Germany under the theme of #GermanyConnects – inspired by the country’s leadership in connecting the global manufacturing and industrial community with its transformational digital and technological solutions. The digital series was announced in coordination with its co-chairs, and alongside its partner in Germany, Deutsche Messe, following the evaluation of the growing economical and logistical uncertainly surrounding the escalating Coronavirus (COVID-19) pandemic.

Reinforcing the physical and digital convergence of Industry 4.0, the ‘#GMIS2020 Digital Series’ will leverage technology to virtually convene a truly global, multi-sectoral and multi-stakeholder dialogue around issues that are at the heart of the manufacturing sector and the Fourth Industrial Revolution.

Badr Al-Olama, Head of the Organising Committee for Global Manufacturing and Industrialisation Summit said: “Our highest priority has always been to arrive at the safest and most practical outcome in light of the current situation while staying true to the vision and mission of the Global Manufacturing and Industrialisation Summit. The #GMIS2020 Digital Series takes a transformational approach towards ensuring a risk-free environment for participants to engage in shaping the future of manufacturing. As the pandemic sweeps across the world, paralysing many aspects of normal life, attention must now turn to how the Fourth Industrial Revolution can be leveraged to restore our economies and our society, taking us from an era of ‘digital disruption’ to an era of ‘digital restoration’.”

There have been many debates around the disruptive, and in some cases, the destabilsing nature of the Fourth Industrial Revolution with regards to employment, business sustainability, and global prosperity. However, the crisis surrounding the current pandemic is casting a new lens on the power of technology to assess how it can be utilised as a force for global restoration, allowing businesses to continue to operate, providing communities with tools to keep them connected, and restructuring supply chains to overcome the recent disruption to global markets.

Companies such as Lonati SpA, an Italian manufacturing company, has 3D printed ventilator valves to address domestic shortages. Other examples include a robot named ‘Little Peanut’ that is being deployed to deliver food to people who have been quarantined; and Baidu, a Chinese technology company, is using artificial intelligence technology and computing resources to predict the secondary structure of the Covid-19 RNA sequence to help accelerate the development of a vaccine. Technology can also help restore normal business activities through the use of blockchain to securely and remotely sign and exchange documents, or enable workforce training and development, or even process certification and qualification, through widely used digital communication platforms.

As Badr Al Olama, Head of the Organising Committee for Global Manufacturing and Industrialisation Summit explains: “History demonstrates that innovation has proven to be an effective tool in solving the world’s toughest challenges time and again, while also being the driving force behind the advancement of humanity and global prosperity. In a world where many discussions are taking place around some of the negative implications of 4IR technologies, it is times like this that we should encourage policymakers to streamline and fast track regulations that allow certain technologies, such as autonomous mobility, to restore many parts of our daily lives and help us overcome unprecedented challenges.”

Dr. Jochen Köckler, Chairman of the Board of Management of Deutsche Messe AG said: “As a strategic partner to the Global Manufacturing and Industrialisation Summit, Deutsche Messe fully supports the shift towards digital sessions that can continue to gather valuable insights from the global manufacturing community. Reinforcing the #GMIS2020 theme of Germany Connects, we look forward to hosting a digital gathering of global minds.”

Established in 2015, the Global Manufacturing and Industrialisation Summit is a global platform that brings together governments, organisations, NGOs, technologists, and investors to discuss, debate and shape the future of manufacturing. The Summit covers topics related to the digital transformation of the manufacturing sector and dives into subjects such as 3D printing, artificial intelligence, robotics, and value chains – discussions that, in today’s world, are more important than ever before.

-Ends-

Press Contact:

Reethu Thachil
Communications Manager
M Three Marcomms LLC, Press Office for:
Global Manufacturing & Industrialisation Summit
Mohammed Bin Rashid Initiative for Global Prosperity
+971 58 847 6870/ reethu@m3media.com 

About GMIS:

The Global Manufacturing and Industrialisation Summit (GMIS) was established in 2015 to build bridges between manufacturers, governments and NGOs, technologists, and investors in harnessing the Fourth Industrial Revolution’s (4IR) transformation of manufacturing to enable the regeneration of the global economy. A joint initiative by the United Arab Emirates and the United Nations Industrial Development Organization (UNIDO), GMIS is a global platform that presents stakeholders with an opportunity to shape the future of the manufacturing sector and contribute towards global good by advancing some of the United Nations Sustainable Development Goals.

The first two editions of the Global Manufacturing and Industrialisation Summit were held in Abu Dhabi, United Arab Emirates in March 2017, and Yekaterinburg, Russia in July 2019, respectively, with each edition welcoming over 3,000 high-level delegates from over 40 countries.

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases