The automotive industry has been a key driver of the Industry 4.0 revolution. In an effort to grow production volumes and meet global demands, OEMs and leading Tier 1 suppliers have been quick to adopt new manufacturing technologies and digitalization to boost productivity and reduce human errors. But moving down the supply chain, there are still many Tier 2, 3 and 4 companies that are yet to embrace the fourth industrial revolution and change the industry for good.
In The 4.0 Revolution, automation, metrology, digitalization and robotics players highlight how Mexico can become a stronger participant in the automotive industry by adopting the latest technologies and production standards. This chapter also helps investors understand how to make the best out of their resources through the implementation of adequate systems without compromising their revenues.
Main question to answer
What advantages can automotive companies get from implementing Industry 4.0 and digitalization?