The World Economic Forum (WEF) has named LG Smart Park, a production base of LG Electronics in Changwon, South Korea, a flagship factory. WEF Lighthouse facilities implement Fourth industrial revolution technologies – such as the Internet of Things, big data, artificial intelligence and robots – in manufacturing and supply chain operations. These technologies offer a wide range of benefits from increased production efficiency to improved environmental sustainability.

“As the world grapples with many challenges, it is remarkable how lighthouses are generating sustainability benefits while achieving business goals, which we call eco-efficiency,” said Francisco Betti, Head of Shaping the Future of Advanced Manufacturing and Value Chains, WEF . “We need them to continue to light the way forward for the global manufacturing community in shaping a responsible manufacturing future that works for people, society and the environment.”

LG Smart Park in Changwon, South Korea.

For the past five years, Englewood Cliffs, New Jersey LG transformed the Changwon factory complex into LG Smart Park, a futuristic home appliance manufacturing hub. The key elements of the transformation are an end-to-end digitally enabled three-dimensional logistics system. This advanced analysis system is based on state-of-the-art computer technology and machine learning that predicts defects and state-of-the-art facilities capable of mass-producing multiple models to flexibly meet customer requirements.

The new “digital twin” technology enables the operating system to analyze production processes in virtual reality. It can predict if any issues will occur in the next 10 minutes and provide exact parts and materials for assembling each device with an accurate and up-to-date status of the facility’s logistics operations.

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