Industry 5.0: The Human Touch in the Fourth Industrial Revolution

We live in a time of rapid technological advancements, where Industry 4.0 is already revolutionizing how businesses operate, with automation and intelligent technologies becoming increasingly prevalent in industrial processes. However, as we embrace the era of digitalization and smart factories, there's a growing recognition that technology alone is not enough to create sustainable and meaningful progress. To achieve that, we need to balance technological innovation with a human touch – and that's where Industry 5.0 comes in. What is Industry 5.0? Industry 5.0 is a concept that represents the convergence of the latest technological advances with human-centric values, ethics, and principles. It aims to put human beings at the center of industrial processes and empower them to leverage the full potential of new technologies while focusing on social responsibility, environmental sustainability, and overall well-being. Industry 5.0 builds on the three previous industrial revolutions, each of which brought significant changes to the way we work and live: Industry 1.0: The first industrial revolution started in the late 18th century with the invention of the steam engine, which marked the transition from manual labor to machine-based manufacturing. Industry 2.0: The second industrial revolution began in the early 20th century…

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Only 18% of packaging industries are able to track productivity in real time – research says

Much is being said about the future of the packaging industry and the impacts of digital transformation. But few analysts and experts have been able to substantiate the trends or comment on them. This was PackIOT's intention in conducting the first international survey of digital maturity in the packaging industry, developed with the support of the Instituto das Emabalagens (BR), People From Packaging (USA), and Packaging 360 (India). The report reveals that more than half of the packaging producing industries are unable to pinpoint, in real-time, where bottlenecks are on the production line. The market analysis was attended by more than 150 packaging industry professionals from over 25 countries and concludes that 12% of companies say that identifying bottlenecks and analyzing correct data is a real struggle for them. And the data mentioned in the headline of this article was one of the most striking. 82% of packaging industries cannot track productivity in real-time. The study also shows that two out of three companies have no means of monitoring and tracking their plants' productivity and OEE goals in real-time. Half of the industries only have access to this information at certain times. The OEE (Overall Equipment Effectiveness) is…

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How data can help you to get a wage increase in manufacturing. Boost your income with simple steps

Manufacturing is still the 1st employer in the EU and 5th in the US. The strength of the industry can be seen in various global reports and companies have revolutionized the way they produce goods and products. And these changes lead to incredible opportunities for professionals who constantly prepare and train themselves. This naturally drives us to other possibilities: better jobs, vertical promotions, and internal salary increases. But how do you combine digital transformation/data with professional opportunities? This is the intent of this short guide. Be aware of your company's main numbers and goals Having clear information on the numbers that matter most to your plant is critical (outside the plant as well). It will make you reason about the data in your area and in your own work more clearly. In this way, your actions will be focused on generating value for your daily performance, for your sector, and for the company's objectives. Knowing these numerical details can make all the difference in the next steps of your career. If you don't know these numbers yet, ask your boss about them. Simple like that! Show interest and your life is going to be easier, you will…

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How to convince your boss to bet on digital transformation

We are already familiar with the story of having to convince someone about digital transformation: you found a fast, cheap and efficient solution for your factory, you left the last project meeting excited, but you still don't know how to persuade your boss. The ROI is positive, he can take a lot of benefits from it, so can you, and the company will win. But you can't make him/her jump in. It can be frustrating to go through a situation like the one above. But the idea of this article is to help you implement something new by convincing your boss of how important it is for everyone. And that's the first tip: everyone needs to realize that they are winning. First of all: it's all about negotiation Like it or not, you are a negotiator. Negotiation is a fact of life. These two sentences open one of the most important and best-selling books on the art of negotiating, "Getting to Yes" (Penguin Books), by authors William L. Ury, Roger Fisher. If we are all the time making agreements and resolving conflicts of interest in our lives, it is also true that, in a negotiation, the road…

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Lean Manufacturing Implementation: from zero to hero

For any type of business that wants to be successful, they will need to understand and fully implement the lean manufacturing principles. This is a business concept that has been around for decades but it is only now that the actual effects of the lean manufacturing method are being felt. If you go back to the 1970s, many large corporations tried to use lean manufacturing methods as a way to cut costs and improve productivity. But now, almost every major company that you look to for a new job or even an employee is doing this. What is Lean Manufacturing? Lean manufacturing, or Lean production, is a management philosophy from the Toyota Production System that focuses on reducing the seven types of waste (overproduction, lead time, transportation, overprocessing, inventory, motion, and defects). By eliminating this waste, quality improves and production time and costs decrease. Lean tools include continuous review processes (kaizen), pull production (in the kanban sense), and fail-safe elements/processes (Poka-Yoke). Lean Manufacturing was developed by Toyota executive Taiichi Ohno during Japan's post-World War II reconstruction period. The term was coined in 1988 by John Krafcik, but more clearly defined and popularized by James P. Womack and…

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How finance professionals play a key role on digital transformation in manufacturing

A worldwide survey by KPMG carried out in partnership with Forbes, entitled"Digital Transformation", pointed out that 79% of 261 CFOs had already started the digital transformation procedure in the companies they lead. The poll also showed that this movement has opened the way for the introduction of more advanced emerging technology such as large data, computer vision, and machine learning. These capacities can provide information and help companies respond more efficiently to business fluctuations. The intelligent automation provides professionals with the essential information-gathering tools for decision making and enables them to concentrate more on approach. "What we've seen, lately, is that this procedure has also been intensified in the finance function in the other organizations due to the urgent need for automation which has arisen in the face of the challenges imposed by the social distancing determined as a health measure to fight Covid-19", points KPMG. In our daily dealings with factories in a variety of areas of the planet, we've seen many fund managers who are more open to electronic transformation. The covid-19 pandemic has accelerated this process, sometimes in a tumultuous manner. But we believe it is a road with no turning back. Contracts are…

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CPG Jobs: The 7 Best Places To Find Your Next Position (and a bonus tip)

By Fernando Pacheco, COO at PackIOT Consumer Packaged Goods (CPG) are items used daily by average consumers that require routine replacement or replenishment, such as food, beverages, tobacco, makeup and household products. Well, CPGs encompass almost everything! Digital Maturity in the Packaging Industry Benchmarking Report: Download it now for free! As you may know, the industry is crowded with manufacturers and a fierce competition. Major producers include Procter and Gamble, Unilever, and L'Oreal S.A., with revenue ratios of 3.60%, 3.32%, and 1.79%, respectively (2019), according to WBOC. In general, the global Consumer Packaged Goods (CPG) market size is expected to reach USD 2312870 million by 2026, from USD 1938120 million in 2020, at a CAGR of 3.0% during 2021-2026. The market itself is always a good field of research for several big consulting companies worldwide. And, of course, CPG is a fantastic sector to find the"next big thing" for your career. Our marketing team has built a list in order to make this search easier for you: #1_CPG Jobs.com Job walls are always a good path to find sweet opportunities. And a "niched job wall" is just like a holy grail. CPG Jobs aggregate open positions from brands…

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