Featured Stories

Categories

Industry 4.0: USA investing in competition with China

Graham Immerman
February 26, 2018

The United States is currently the world's second largest manufacturer and it wants to overtake China to be number one. In order to make that happen, they are investing in Industry 4.0.

China isn't backing down, however, and they are investing as well. PR Newswire said, "The United States, the world's second largest manufacturer, with a 2017 industrial output reaching a record level of $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world's largest manufacturer."

The U.S. and China Invest Heavily in Industry 4.0 Technologies to be the World's Largest ManufacturerSource: http://www.prnewswire.com

WASHINGTON, Jan. 29, 2018 /PRNewswire-USNewswire/ -- The United States, the world's second largest manufacturer, with a 2017 industrial output reaching a record level of $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world's largest manufacturer. The "Industry 4.0 Market & Technologies. Focus on the U.S. – 2018-2023" report forecasts that the U.S. Industry 4.0 2016-2023 market will grow at a CAGR of 12.9%. Restoring manufacturing jobs to the United States struggling Rust Belt communities and corporate tax cuts were two of President Donald Trump's biggest campaign promises. It is expected that Trump's administration will follow Obama's (2011) Industry 4.0 policy, the formation of the Advanced Manufacturing Partnership (AMP), a national effort bringing together industry and the Federal Government to invest in Industry 4.0 technologies. Read More

Comments

Related posts

Questions to ask yourself when thinking about data
11Apr

Questions to ask yourself when thinking about data

Industry Week says a question you should always be asking yourself is, "Who else can use this data?" They are absolutely right. So much of the data that is collected never goes to good use. Industry W...

Difficulties with speeding up your timeline
10Apr

Difficulties with speeding up your timeline

While it's understandable that you might want to complete your Industry 4.0 initiatives as soon as possible, when you accelerate the process you could run into some problems. One major roadblock could...

Why data is the base of a smart factory
09Apr

Why data is the base of a smart factory

Data is the base of manufacturing and making informed decisions. Industry Week said, "The advent of digital processes and growth of data as an asset has other, profound implications for manufacturing....

How to manage cybersecurity threats
08Apr

How to manage cybersecurity threats

It's good to be concerned about cybersecurity. There are absolutely security threats when you implement industry 4.0, but you can manage them! Be sure that your systems are updated and your files are ...

Preparing for Industry 4.0 problems
03Apr

Preparing for Industry 4.0 problems

Solving problems is easier when you prepare! Sometimes some road bumps come along when implementing Industry 4.0, but if you take the time to prepare they should be fairly easy to deal with. The main ...

Current and future possibilities with Industry 4.0
02Apr

Current and future possibilities with Industry 4.0

Industry 4.0 technology may already feel like the future, but there are so many more possibilities out there! Technology Decisions said, "The leaps in technological advancements, analytics, visibility...

If you're just starting out with Industry 4.0, read this!
29Mar

If you're just starting out with Industry 4.0, read this!

Many can agree that implementing Industry 4.0 can be scary and intimidating, but with the right attitude and resources it can be a huge success! Don't be afraid to start small. See how it works for yo...

Focus on quality
26Mar

Focus on quality

Good manufacturing practices are about cutting cost to increase profit. An even better manufacturing strategy is cutting costs in the right places. Manufacturing Global said, "Producing quality goods ...

Industry 4.0 trends to watch in 2019
21Mar

Industry 4.0 trends to watch in 2019

What trends will take over Industry 4.0 this year? 5G is one. With all this information coming in, being able to process it quickly is a priority! Industry Week also said, "Predictive analytics will c...

Manufacturing Technology: Keeping with Times
14Mar

Manufacturing Technology: Keeping with Times

There is no denying that the factory of the future is becoming a reality. Keeping up with the developments of Industry 4.0 can be a difficult task. With advanced manufacturing and new technologies com...