Industry 4.0 and SDGs

Industry 4.0 changes the global landscape of manufacturing competition, reducing the relative competitive advantage of low-cost regions that rely on cheap labour. Nations and manufacturing firms that lead in embracing Industry 4.0 technologies and processes will gain over global competitors. This competitiveness hinges on the ability to transform by responding to market shifts and technology trends. The transformation of the manufacturing industry, through Industry 4.0, is also in line with the United Nation’s Sustainable Development Goals (SDGs), especially in support of Goal #9 and Goal #12.