Strategy before technology key to improving competitiveness with Industry 4.0 technology

Industry 4.0 and the Internet of Things have been buzzwords in the food and beverage industry for the past few years. Yet, as highlighted in a recent survey, uptake is still stagnant, with only 20 per cent of companies having implemented solutions that could help them become more efficient, productive and competitive using the technology. Even more worrying is another 40 per cent know that they would benefit from such initiatives but have yet to do anything about it. That leaves a huge 40 per cent who aren’t even thinking about doing anything at the present time.
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