The manufacturing industry is currently going through its fourth industrial revolution, known as “Industry 4.0”. In the very near future, we can expect the state of the manufacturing sector to have changed significantly. Predictions are that the industry will fully digitize and embrace efficiency improvements and data utilization through the use of IT, mainly with the adoption of the IoT and AI. Unfortunately, there are still deficiencies in the availability of human resources, and many other problems that the business owners will need to address themselves.
Manufacturing has always been one of Japan’s major industries. Once pitched as being the best in the world (“Japan as No. 1”), Japan is still renowned as a supplier of high-quality products and a source of unique technologies and ideas. Japanese’s reputation for positive traits, including diligence and accuracy, is still very much applicable today. Companies that can respond to change and customer needs in a flexible manner can expect to see further developments.
Here at RSM Shiodome Partners, we are familiar with working with the manufacturing industry, and we can help you with managing your business.
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