Ensure a profitable 2022 with technology-driven lubrication solutions

January 3, 2022 5:48 pm

To ensure better productivity and profitability, we will continue to guide manufacturers with the most advanced solutions and correct service support.

What has been the biggest takeaway for the manufacturing sector in 2022? 

The past year has witnessed a mix of stagnancy and growth. Early in the year, businesses were recovering until the second wave imposed another massive jolt to struggling industries. For core sectors, such as manufacturing, the year has been tough. Yet, simultaneously, like with every crisis, many new doors of opportunity too have opened. For instance, there is greater focus now on ensuring efficiency in operations by paying more attention to equipment health and maintenance. Simultaneously, manufacturers are now, swiftly and definitely, taking steps towards digitising their practises and shedding some past habits to transition towards more advanced production methods. Through 2021, greater focus has shifted to innovation in everyday practises, assuring better quality in output and moving towards greater productivity and profitability. 

There is great demand for innovation in supporting sectors like the lubrication sector to innovate and improve delivery for customers in the manufacturing business. 

At Mobil™ Lubricants, how are you approaching 2022? 

Stepping into 2022, businesses are cautious but also optimistic. JP Morgan’s Outlook Report suggests full global economic recovery by 2022 and for us, this is a strong motivator. At Mobil™ Lubricants, we have been guided by a philosophy of innovation, technology-driven imagination and superior servicing associations. As newer manufacturing technologies emerge, we are preparing to meet the increasing need for speciality products and services that provide an array of benefits. We have been closely studying and catering to industry trends in opting for smarter monitoring solutions and choosing efficiency through thorough oil monitoring and analysis. 

In the past year, our remote services under Mobil ServSM Lubricant Analysis (MSLA) have assisted manufacturers in evolving their core practises for better efficiency and productivity. In 2022 too, manufacturers are expected to continue their acceleration towards adopting digitalization and AI/ ML. Duly, we will remain focused on bringing newer remote tools to assist manufacturers. Simultaneously, in terms of ensuring better productivity and profitability, we will continue to guide manufacturers with the most advanced solutions and correct service support that guarantees performance along with longevity. 

What role will the digital switch play in making manufacturing industries more efficient? 

For India, sensing its diverse demography and ambitious goals of becoming self-sufficient, efficiency in manufacturing activities is imperative. The manufacturing sector is today keen to grow; but it encounters some everyday challenges, like lack of real-time monitoring, inaccuracy in measurement, and absence of precise predictive analytics. Further, interpretation of data has been a challenge, preventing manufacturing firms from appropriately implementing industry recommendations to optimise performance. Here, digitalization and adopting AI/ML in core practises can play a decisive role. 

Digitalization, especially in monitoring equipment health and performance, can significantly cut down costs of oil replacement and improve profit margins for manufacturers. Thus, for greater growth, better performance and longer equipment life, making the digital switch is essential. The era of Industry 4.0 is here and now, and manufacturing businesses must make the digital leap to remain relevant. 

Some specific solutions by ExxonMobil that are assisting manufacturers adapt to the new normal. 

In keeping with evolving circumstances, our service profile has significantly broadened to accommodate a diversity of consumer requirements. For instance, the Mobil Serv Lubricant Analysis (MSLA) program, combines services that provide reports, analyses and solutions to guide manufacturing professionals in making the most effective business decisions. Further, Mobil ServSM Real Time, Mobil’s next generation oil condition monitoring tool, is enabling instant, remote access to detailed oil diagnostics. Our latest offering – Mobil ServSM IIoT Insights – is proving to be a game-changer in integrating automation with manufacturing efficiency. This platform is bringing special benefits with AI/ML, automated monitoring and precise analysis that directly benefits machine performance and manufacturing efficiency. 

Our products too are developed considering industry needs and market conditions. For instance, the Mobil DTE™ 20 Ultra Series is proving to be a gamechanger with its new breakthrough hydraulic oil technology. Similarly, the Mobilcut™ Series aqueous metalworking fluids are delivering dependable performance in a wide array of metal removal processes. Similarly, the Mobil Vactra™ Oil Numbered Series premium quality slideway lubricants are allowing smooth, uniform motion at design travel speeds, enhancing machine productivity and prolonging tool life. Overall, we have developed a diverse array of products and services that can provide complete support to manufacturers as they attempt to recuperate and transition towards greater growth. 

What are your expectations from the Indian market? 

The Indian economy is steadily getting back on track and is expected to witness a 9.1 percent year-on-year growth in GDP in 2022, as Goldman Sachs reports. No doubt, there is great potential for growth in the Indian market. 

At Mobil, we hope to further utilise these positive trends to bring the best technology to industries in the country – with a wide range of products, robust distribution channels and applications to tap the country’s huge potential. India is the third-largest lubricant market in the world. So, it is only befitting that we introduce our finest line of products here to further strengthen our market position. Simultaneously, today there is great demand in the country’s manufacturing sector for digitalization of core practises. This presents a bright opportunity for us to further innovation, and drive technology advancement in the country. 

(Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity, those terms and references to “corporation”, “company”, “ExxonMobil”, “EM”, and other similar terms are used for convenience and may refer to one or more specific affiliates or affiliate groups.)