Industry 4.0: Traceability Is The New Insurance Policy Manufacturers Need

The manufacturing world runs on relationships between brands, suppliers, factories, distributors, and customers. These many interdependencies have become both a benefit and burden as the diversity, complexity, and scale of products on the market increases to meet the demands of consumer populations, whose individual preferences and reviews have gained the power to make or break products. To meet these needs many have turned to Industry 4.0, a German born concept, for answers. As part of their strategy for ensuring quality and protecting their brand in the eyes of consumers, brands are demanding greater traceability from their manufacturing partners and looking to new technologies for solutions.

 

Read more https://www.forbes.com/sites/annashedletsky/2019/10/08/industry-40-traceability-is-the-new-insurance-policy-manufacturers-need/#2f9a19dd5860