XUZHOU, China, Dec. 27,
2024 /PRNewswire/ — The World Brand Lab has
officially released its, revealing this year’s top global brands.
XCMG Machinery (“XCMG”, SHE: 000425), global leading construction
equipment manufacturer, proudly announces to secure its
379th position on the 21st annual World’s 500
Most Influential Brands list, issued by World Brand Lab. The
company also ranks 42nd among Chinese brands and
achieving an impressive 7th place globally in the
industrial equipment sector.
The World’s 500 Most Influential Brands ranking evaluates brands
based on their ability to develop and capture markets and generate
profits, which collectively determine global brand influence. World
Brand Lab’s evaluation process
involved comprehensive scoring of over 8,000 globally recognized
brands using key indicators such as Market Share, Brand Loyalty,
and Global Leadership. Notably, brand loyalty assessments
incorporated iTrust Rating’s data, while ESG (Environmental,
Social, and Governance) performance evaluations were derived from
SuperFinance’s extensive ESG database.
The joint research team from World Brand Lab and SuperFinance
uncovered a significant trend among multinational brands,
increasing globalization pressures are driving a shift toward
diversified localization strategies and prioritization of ESG
performance. Strong correlations between brand value and ESG
performance underscore the growing importance of sustainable
practices.
In line with these findings, XCMG released its inaugural ESG
Report in April 2024, further
enhancing its transparency in sustainable business development. By
the end of 2023, the company achieved significant progress,
reducing total greenhouse gas emissions by 33,269.01
tons, corresponding to a decrease of 7.84%.
Dr. Maria Jesus Saenz, Director
of the Digital Supply Chain Transformation Lab at MIT, commented, “The opportunities presented by
digital twins in supply chain processes are tremendous, especially
when expanded end-to-end.” XCMG’s successful integration of digital
solutions aligns with this vision, showcasing its leadership in
leveraging technology to drive operational excellence and
sustainability.
XCMG has accelerated its adoption of cutting-edge digital
technologies across multiple production processes throughout 2024.
By implementing advancements such as image recognition-based
material sorting, AGV shuttle intelligent transportation systems,
and digital twin robotic welding production lines, XCMG has
effectively enhanced the automation and intelligence of component
manufacturing while reducing labor costs.
For more information, please visit
https://www.xcmgglobal.com/.
Photo –
https://mma.prnewswire.com/media/2588066/XCMG_Ranks_379th_2024_World_s_500_Most_Influential_Brands_List.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/xcmg-ranks-379th-on-the-2024-worlds-500-most-influential-brands-list-leading-innovation-in-industrial-equipment-302339564.html