INDUSTRY
Industry 4.0
Smarter moves for SME’s Industry 4.0’s Digital Manufacturing concept offers huge potential, to company’s by improving productivity, shortening lead times, reducing working capital and improving cash flow. It can also be used to shorten the time for New Product Introduction, allow mass customisation of products, and improve the customer experience and aftermarket service of packaging businesses. Ingpro recently provided some interesting insights. Many business owners and directors see INDUSTRY 4.0 as an opportunity only for large, global, corporations, but in fact even Small to Medium Sized Enterprises (SMEs) can also benefit from the current range of new technologies on offer, some of which can be cheaply and easily implemented.
“ from the data and evidence collated, we are confident that industrial productivity can be improved by more than 25 percent by 2025 ”
28 SUSTAINABLE PACKAGING NEWS
The UK government commissioned the Made Smarter review, which revealed the following information: The work undertaken for the Made Smarter Review found that the positive impact of faster innovation and adoption of IDTs could be as much as £455 billion for UK manufacturing over the next decade, increasing manufacturing sector growth between 1.5 and 3 percent per annum, creating a conservative estimated net gain of 175,000 jobs throughout the economy and reducing CO2 emissions by 4.5 percent. Overall, from the data and evidence collated, we are confident that industrial productivity can be improved by more than 25 percent by 2025.
