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Due to the influence of key global forces, including escalating energy concerns, the Russia-Ukraine war, and the fallout from the COVID-19 pandemic, companies around the world continue to prioritize OpEx over CapEx.
While this shift has been accelerated by turbulent markets and geopolitical uncertainty, increased focus on OpEx offers opportunities for companies to improve their bottom line and pave the pathway to future success by making better use of assets they already own.
There needs to be a shift from traditional and often reactive crisis planning to more proactive resiliency planning. This starts with improving the use of existing asset capacity through an all-encompassing, predictive and smart servicing approach.
Advanced predictive maintenance, well-planned modernization and the integration of digital technologies all have key roles to play in maximizing asset ROI, extending asset lifespan, reducing lifetime costs, and improving performance and avoiding emissions for better financial and ESG outcomes.
Companies can unlock significant value and opportunities by remaining open to new ideas and adopting a strategic, collaborative approach with expert service partners.
ABB Electrification Service is committed to supporting companies with an extensive range of outcome-focused service offerings to suit all electrical distribution applications. ABB is well-equipped to partner with companies on their unique transformation journeys, helping them plan optimal maintenance, modernization and digitalization investment strategies, underpinned by an in-depth understanding of assets and their lifecycles.
