Improve productivity or work on sustainability? Why not both?

In this episode, we sit down with Lauren Dunford, CEO of Guidewheel and a member of the Executive Committee for the US Center for Advanced Manufacturing within the World Economic Forum, for a fascinating chat about productivity, sustainability, and innovation in manufacturing. Lauren shares how Guidewheel evolved from an energy management system to a full-fledged factory ops platform.

We kick things off with Lauren's path to manufacturing, including her experience at Stanford's MBA program and how it's proven invaluable as Guidewheel scales globally. She offers a refreshing perspective on the value of education and practical experience in the startup world.

Lauren reveals the pivotal moment that reshaped Guidewheel's approach. It's a classic tale of listening to your customers – in this case, two power users who unlocked a 20% productivity boost using Guidewheel in ways the team hadn't anticipated.

We dive deep into the connection between productivity and sustainability, exploring how data-driven decisions and operational effectiveness naturally lead to more sustainable practices. The role of AI in manufacturing naturally comes up and we discuss how it's simplifying complex processes and enabling real-time decision-making on the factory floor.

In this episode, find out:

Lauren shares how she became involved with the World Economic Forum and her experience so far
We hear about Lauren’s early career, starting with Stanford
What led to Lauren starting Guidewheel and where she saw a gap in the market
How the MBA and five years of work experience paved the way for Lauren to build her career
Lauren’s mission for sustainable solutions and how she came up with the idea behind Guidewheel
The moment Lauren realized she needed Guidewheel to pivot
The most important aspects of measuring sustainability and the tangible impact on business
The benefits of using data-driven decisions on the factory floor and why it should be brought into existing routines
The investor perspective on using data to drive decision-making
How AI can help technology solutions provide insights and predictive analyses
How manufacturers think about productivity and sustainability today
How has Guidewheel has evolved as technology advances
What a “factory ops champion” is and Guidewheel’s approach to tapping into those champions
Why manufacturing is probably the coolest industry to work in today

Enjoying the show? Please leave us a review here. Even one sentence helps. It’s feedback from Manufacturing All-Stars like you that keeps us going!

Tweetable Quotes:

“Once you start bringing data into those decisions, sustainability is the natural direction because “do more with less” results in more productive and efficient operations.”
“Being able to use data to pinpoint the areas where you can grow in addition to the areas where you can be more efficient, from an investor standpoint, is just absolute gold.”
“AI-powered is one of the new things we've really leaned in to, getting more and more predictive and ahead of breakdowns or problems.”

Links & mentions:

Guidewheel, the plug-and-play FactoryOps platform

Make sure to visit http://manufacturinghappyhour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.

A Primer on Asset-backed Leverage Facilities