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If you would like information about this content we will be happy to work with you. We strive to provide individuals with disabilities equal access to our website. Overall, 94 percent of respondents told us that Industry 4.0 had helped them to keep their operations running during the crisis, and 56 percent said these technologies had been critical to their crisis responses. Since 2017, we have been tracking the progress of Industry 4.0 through our annual Industry 4.0 survey of global manufacturing companies, and our latest survey of more than 400 companies worldwide (Exhibit 1) provides a snapshot of leaders’ perspectives six months into the coronavirus pandemic. Did the technologies of the ongoing Fourth Industrial Revolution (or Industry 4.0) help those companies in their efforts?Īnalysis of a new McKinsey survey’s results suggests three outcomes: a win for companies that had already scaled digital technologies, a reality check for those that were still scaling, and a wake-up call for those that hadn’t started on their Industry 4.0 journeys.
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While some contended with keeping the operations running in the face of shortages of workers or raw materials, others struggled to keep up with the sudden spike in demand. Confronted with the largest health and economic crisis in recent history, companies across sectors were forced into extraordinary measures to protect their people and maintain operations. In 2020, industrial digitization faced its biggest test to date.