Manufacturing leaders who ignore Industry 4.0 risk becoming uncompetitive. The speaker pushes three priorities: boost workforce value, cut waste and energy use, and match Asian manufacturers' pace. His blunt advice: sell your plant now if you're not planning to adopt these technologies.
If we are not making our people more valuable, if we are not reducing waste, if we're not reducing our energy footprint, these Industry 4.0 things, if they're not happening, we're going to get swept away. I mean, we have partners in Asia, so we're aware of what's going on with manufacturers around the world. And these guys in Asia particularly, this is part of how they're being built. We're not keeping up. We're not keeping up. You know what I mean? It's pretty real. So again, going back to this, if you are not planning on deploying these capabilities, abilities in your plant, I urge you to sell your plant now, um, because it's just going to get harder and harder.
