Manufacturing Survey: 'Industry 4.0' Taking Over

Posted: Updated:
INDIANAPOLIS -

A co-author of the 2018 Indiana Manufacturing Survey says the results show the industry's health is "in the best shape ever." Indiana University Kelley School of Business Associate Professor of Operations Management Mark Frohlich says the Industry 4.0 -- a fourth generation of manufacturing that is more focused on technology and data -- is in full force throughout the state. The survey, commissioned by Indianapolis-based accounting firm Katz, Sapper & Miller and conducted by IU Kelley faculty at IUPUI, shows the top concern among leaders from throughout the state is investment in technology, facilities and machinery. Workforce development concerns were raised by respondents, but appeared at the lowest level in a decade.

In an interview with Inside INdiana Business, Frohlich the top issues expressed by manufacturers large and small are interconnected. "Your workforce -- each individual is such a special person to have on your team. This is nothing like what they were doing in the '70s and '80s where you'd put automation in and then, you know, fire or lay-off a bunch of people and the robots would take over," he said. "Now, the automation is put where either people might get bored working or it could be dangerous." Situations where automation can be seen now, Frohlich added, include heavy lifting, painting, grinding and movement of materials.

Recommendations to manufacturers include a need to upskill current employees, "aggressively recruit" high school students and advocate for the importance of the industry to all Hoosiers.

Frohlich added "this survey shows that manufacturing is strong in Indiana, but the state can't take its position for granted. Issues such as regulations and tariffs, healthcare reform and the workforce shortage must be addressed if Indiana manufacturers are to maintain their competitive strength."

You can connect to the full results, which also breaks down top industry types including automotive, industrial equipment and aerospace and defense by clicking here.

In an interview with Inside INdiana Business, Indiana University Kelley School of Business Associate Professor of Operations Management Mark Frohlich says the top issues expressed by manufacturers large and small are interconnected.
  • Perspectives

    • Seven Steps to Overcome Your Fear of Writing

      "I hate to write!" While that phrase is music to my ears, because it ensures my income will persist, it also saddens me. Far too many people dislike writing, largely because they’re intimidated by the process of knitting words into sentences and sentences into paragraphs. Nearly everyone needs to write from time to time, and the ability to assemble words in a coherent way can impact your success. Whether you have to write reports, proposals, memos, or even emails...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Hoosier Companies Among 'Most Admired'

      Two Indiana companies are included in Fortune's 2019 list of the "World's Most Admired Companies." The list was determined by a survey of nearly 4,000 executives, directors and analysts who rated companies in their own industries based on criteria such as investment value, quality of management and ability to attract talent.

    • Books & Brews Acquires Flat12 Bierwerks

      Indianapolis-based Books & Brews has announced its acquisition of Flat12 Bierwerks, also based in Indy. Financial terms of the deal are not being disclosed, however Books & Brews says it will continue to operate Flat12 under the same brand name. The acquisition is a continuation of an existing partnership between the two entities. Books & Brews says Flat12 has been a brewery partner for the past two years, brewing all of B&B's flagship and seasonal beers.

    • Hoosier Companies Among 'Best and Brightest'

      Two Indiana companies are among more than 500 selected by the National Association for Business Resources as the 2018 Best and Brightest Companies to Work For in the Nation. The winners were chosen by an independent research firm from more than 2,400 nominations.

    • Indiana Liquor Group to Buy Save-On Liquor Chain

      Indiana Liquor Group LLC will work with the Indiana Alcohol & Tobacco Commission this week for final approval of its purchase of Save-On Liquor stores. Our partners at The Herald Bulletin report Phillip E. Miller agreed to sell the 31-location package store chain to ILG last month. 

    • Cook: Location, Funding Among Eleven Park Questions

      Several ambitious economic development projects are already taking center stage this year, particularly in central Indiana. Indianapolis-based KSM Location Advisors Chief Executive Officer Tim Cook and President Katie Culp say efforts like Eleven Park, which would include a new stadium for the Indy Eleven soccer team, and a potential casino in downtown Indianapolis are among the key projects being talked about. On the (i) on Economic Development segment on Inside INdiana Business...