Industry 4.0 readiness among MSMEs

PRESIDENT Ferdinand Marcos Jr., during a recent Arangkada forum, asked business leaders to invest in education and skills training, and research and development (R&D) given a looming global cost-of-living crisis and surging inflation. Specifically, he said that manufacturing sector development would greatly contribute to expanding the economy.

The only way to accelerate local industry development is for micro, small and medium enterprises (MSMEs) to adopt more efficient and productive ways of making, storing, and distributing goods and services. This is where Industry 4.0 comes into play.