Factories, manufacturing, supply chain – the goods of our lives seem to quietly hum in the background, but it is an incredibly intricate and complex ecosystem.
Economist Nassim Nicholas Taleb has coined the term black swan – a sudden event that has an incredible impact on the world. Lately, the world has had no level of shortages of these black swan events such as the global pandemic, social unrest, and supply chain issues.
How much of an impact do factories have on the environment around us? Let’s break it down by the numbers: factories across the globe comprise 54% of worldwide energy consumption. They are also responsible for 20% of emissions. If people were dedicated to building the factory of the future and reimagining factories through manufacturing, production, and distribution, a lessening of 45% of the global emissions would be able to be realized.
It is clear that the factories of today are not yet ready for the challenges ahead. In 2018, only 12% of companies had a mature factory of the future plan. It’s time to look ahead to future proof the viability of the way factories will work in the future. Learn how the factory of the future will differ from today’s type of environment in the following visual deep dive below: