Our businesses and products have changed many times during our long history in response to changing markets. But we always participate in industries that are tied to significant growth trends.
Today, Corning has five major business segments.
Our Display Technologies business produces the world’s highest-quality glass substrates for LCD and other advanced displays that are used in TVs, monitors, tablets, and mobile devices.
Our Optical Communications segment provides a comprehensive range of connectivity solutions to provide fast, reliable broadband connections linking businesses, data centers, homes, and people.
Our Environmental Technologies provides emissions-control products for cars, trucks, and off-road equipment to help meet stricter regulations going into effect around the globe.
Our Life Sciences business has been a trusted supplier to healthcare and pharmaceutical industries since we introduced PYREX® glass in 1915. Today, we provide a broad portfolio of products from labware to cell-culture products to genomics equipment.
Our Specialty Materials segment serves diverse industries from consumer electronics to semiconductors to aerospace. Products include Corning® Gorilla® Glass, laser technologies, and biomedical imaging equipment.
One way to accomplish this is through supply chain digitalization…the use of digital technology to improve supply chain operations, including software, intelligent devices, big data and analytics.
The focus of this journey is on the seven “pillars” of digitalization.
Supply Management Service Companies are well established, including 12 GSM services and 3 lower cost Regional Operating Centers. For 2018, the focus will be on improving service efficiency through the use of Robotic Process Automation and leveraging these services to optimize supply chain networks.
Core platforms have been established for business planning and execution, including the SAP S/4Hana ERP platform, which has been deployed for the Corning Glass Microsystems business and will focus on CPT, AGS and EIG in 2018, as well as the SAP Integrated Business Planning module which has been deployed for CET and will be expanded with CLS in 2018.
A data platform is also being established, including structured and unstructured data lake repositories which can be mined with powerful new analytics tools, including Power BI, to convert this data into useful information and insight. In 2018, the goal is to leverage the Amazon Web Services platform to enhance this further.
There has been a strong focus on end-to-end visibility, including the global deployment of GT Nexus for logistics and the deployment of Elementum for supply chain visibility, starting with an OCS pilot. In 2018, the Elementum platform will be expanded to include more capability and more businesses, including CGT, CLS for resins and CET.
In 2018, there will be an increased focus on Next Generation Services, starting with the deployment of the Acquire Front-End Buying platform to create a more streamlined and user-friendly buying experience, and the establishment of a Warehouse Management System platform to enable Smart Warehousing.
With the strong visibility and data platforms established, there will be an emphasis on establishing predictive analytics, including the development Economic Optimization tools to optimize the value resulting from market commodity and currency shifts by helping those who are responsible for buying to make better decisions when the market is changing.
Lastly, smart supply chain enablers will be explored in 2018, starting with block chains and how they can be leveraged to enable “smart contracting”
So now let’s take a closer look at several exciting areas of focus in 2018…