A lot of businesses are going to be too small to take advantage of Industry 4.0 practices. We can figure out if these are beneficial to us by asking if they solve problems and at what cost. Many will benefit more from new Autonomous processes which allow us to reduce costs and create product consistently. It can be hard for any manufacturer to make changes as downtime can be costly but adapting is also a major part of competing.
Key Takeaways:
- Most manufacturers are faced with the same basic set of challenges, especially small ones.
- If you are looking to start using autonomous services then you will want to make sure it will benefit your business.
- There are actually fewer challenges with automation for businesses than there are for cars.
“When considering primary materials cost, labor, energy, consumables, rework, transportation and contract obligations – all the real costs that come with “making stuff” – this means that 1 shift per week of downtime above average could drop a 10 percent-margin business down to 1-2 percent.”
