The Journey to Manufacturing 4.0

The manufacturing industry is at a pivotal point in its history. Driven by competitive pressures to become more agile, innovative, and cost effective, and enabled by advanced digital and analytical technologies, manufacturing companies of all sizes are now pursuing a future vision for their businesses that will transform the rules of competition, how work will be performed, how companies will be organized, and how leadership must lead.

We term this future state: Manufacturing 4.0.

The growing importance of data entrepreneurship and digital acumen in manufacturing leadership, the need for a three-dimensional approach to M4.0 transformation, a heightened emphasis on new digital skills and employee training, and the increasing value of digital twins and virtualization are among the key highlights of the Manufacturing Leadership Council’s Critical Issues agenda for 2021/2022.

The seven Critical Issues for 2021/2022, and their key areas of focus, are the following: