- The Fourth Industrial Revolution is set to transform manufacturing operations, and leading manufacturers are revising their operations in ways that can serve as beacons for others.
- The grand challenges of the coming decades require deep, responsible industry transformation along entire value chains.
- By putting system failure at the centre of their transformation journey, leaders in manufacturing can unlock responsible and transformational growth.
The Fourth Industrial Revolution is set to transform manufacturing operations, and leading manufacturers are revising their operations in ways that can serve as beacons for others. The grand challenges of the coming decades require deep, responsible industry transformation along entire value chains, however, including the creation of quality jobs, and environmental sustainability.
“Manufacturing companies are uniquely positioned to drive responsible growth while addressing the increasingly complex challenges posed by consumers, climate change and digital transformation,” says Eric Enselme, Founder & Principal at XP2XL Consulting and retired Global Vice President at Procter & Gamble. “But that requires their leaders to leverage technology, not only to optimize their operations, but also – and importantly – to unlock new business models.”
The need for transformation in and beyond factory operations is clear and easily exemplified: 20% of global emissions come from the manufacturing sector and many other challenges, including waste, must be tackled through circular business models.
These ambitions can only be achieved through broad collaboration of all stakeholders along the value chain. New business models must redefine growth so that it can benefit companies, workers, society and the environment. Unlocking these new business models at scale can lead to transformational growth beyond manufacturing operations – if done right.
As the case for business model…