COVID-19: AN INFLECTION POINT FOR INDUSTRY 4.0

Many businesses across the globe face a painful transition to the post-COVID-19 normal. Some companies may want to slow or halt their digital transformations, however for most, that would be a mistake. In contrast, many Industry 4.0 business leaders are already reaping the benefits of their pre-pandemic investments, widening the gap between “winners” and “losers” in this new environment.

The latest McKinsey report states that the “best option for most companies is to focus on their digital efforts, targeting the most strategically important opportunities and aiming to achieve real scale at an accelerated pace.” Read the full report here.

Credits: Agrawal, M., Dutta, S., Kelly, R., and Millán, I., (2021). “ COVID-19: An inflection point for Industry 4.0.” McKinsey & Company. Accessed: January 19, 2021.

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