The COVID-19 has brought untold miseries to nations, with no respite for the general public whatsoever. With the second wave of the pandemic looking ominously threatening, it is to be seen how the world governments are prepared to contain the spread. On the flip side, COVID-19 has taught businesses to adopt a more innovative approach. So how do Indian foundries innovate itself? Stories of businesses badly hit by the pandemic made rounds in all global business forums and industry panel discussions. But it was clearly evident that only traditional players were hit and those businesses that adopted digital transformation emerged triumphant. It is critical for the foundry to adopt digital transformation and deploy new materials. 

The automobile sector has proved to be the most important customer for the foundry industry, and there is a marked connection between the two sectors. This connection is visible with regard to the production stoppages, disruption of supply chains and fall in exports, in addition to the purchases. In the fields of digitization, electromobility and lightweight design, foundry processed can impact realization and innovation, for instance in the utilization of new materials and complex geometries. However, the foundry industry should play around its strength when it comes to digital transformation. 

The foundry industry should be able to deal with unexpected turnaround of events, digital transformation. Before we conclude the blog, here are two questions that hold a lot of significance in the context of revival post COVID-19 situation:

• How do the various socio-economic factors and interrelationship between different industries impact technological development and competitiveness for example, in the foundry and automotive industries?
  
• Which technologies particularly in the digital field provide maximum opportunities for Indian foundries and related areas?