Wednesday, 31 July 2013

Ongoing Industry 4.0 Evolution may significantly change international business landscape

Ongoing Industry 4.0 Evolution (4th Industrial Revolution) may significantly change international business landscape. It might happen that some industries will eliminate export | import burden related to certain types of products, only information will flow across the borders between countries, no export | import of material products.

The Internet and today available solutions enable  manufacturers to securely connect and remotely manage all production lines and systems involved in the manufacturing process. Smart Production Systems (SPS) and Points of Service may be installed worldwide closer to customers. Due to Internet connection to manufacturer's headquarter, the status, maintenance process and failure risks of the SPS can be monitored constantly to avoid stoppages in production and the resulting costs  Row materials for the production would be supplied locally.

How Ontario manufacturers could benefit of this model?

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