Insights

Despite all the excitement about smartphones and the euphoria over digitalisation, China still needs to catch up in matters relating to Industry 4.0. The local industrial managers are convinced that Industry 4.0 will noticeably change business models, product portfolios and R&D activities in China, too, and that it will, in doing so, promote economic success. However, the Chinese companies are still in the observation period. These are the key results of the current “China– Industry 4.0 Index” for which Staufen business consultancy has recently surveyed 100 industrial companies in China.