Machinery & Equipment
Machinery & Equipment
The Industry 4.0 revolution is here. In a market moving this fast, a strategy of catching up will quickly leave you behind.
Unlike previous historic industrialization, Industry 4.0 is occurring concurrently around the globe, uninhibited by geographic or economic disparities between countries. Powerful advancements in global infrastructure will be required to support a population expected exceed 9 billion by 2040. Investment is projected to be $94 trillion USD through 2040 exceeding $4 trillion per year.
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Meeting this challenge would be difficult under normal conditions and current conditions are arguably not normal. M&E is under tremendous pressure facing outpaced demand, strained supply chains, logistics delays, labor shortages, and regulatory whipsaw. The global COVID crisis creates a perfect storm.
Industry 4.0 brings digitization, automation, predictive diagnostics, remote monitoring, connected factories, powered by the Industrial Internet of Things (IIoT) forcing company acumen technology integration, data capture, and analytics.
While digitization is enabling M&E performance across traditional areas of competition - sourcing, production costs, differentiated design, and distribution, success is no longer based on outperforming in raw materials, rather by a company’s ability to integrate technologies to deliver innovative capabilities.
Market disruptions inherent in Industry 4.0 create both risk and opportunity. Investments the new core competences required to compete is critical. Market advantage will go to leaders that can quickly and accurately identify market risk and vet market opportunities.
