The fourth industrial revolution, or Industry 4.0, is defined by the way it merges the digital and physical worlds together to create a fully connected production process. Similarly, the circular economy requires supply chains to be linked together to minimise environmental impact as much as possible.
Today, the manufacturing industry faces unique challenges, including increased competition and pressure to make its operations more sustainable. As manufacturers, including components manufacturers, develop new business models with the resilience to face these challenges, both Industry 4.0 and the circular economy will be influential trends.
This article from Essentra Components will outline the circular economy, Industry 4.0 technologies and how they can be brought together to benefit manufacturing businesses, including:
- What is the circular economy?
- What are the benefits of the circular economy?
- What are the challenges of building a circular economy?
- How can Industry 4.0 help overcome these challenges?
- How are components manufacturers using technology to support a circular economy?
Read the full article here
First seven members join NG’s Great Grid Partnership
Agreed. It is all pretentious posturing and trite branding with no meaning or gravitas. Prepare to be disappointed by all of these greats/grates.