Business Today talks to Tan Sri Dr Lim Wee Chai, Executive Chairman and Founder of Top Glove Corporation Bhd on his views and opinions of Industry 4.0
Industry 4WRD or better known as Industry 4.0, is slowly but surely gaining momentum and is the talk of the town today among all industries including small and medium-sized enterprises (SMEs). At present, businesses have to admit that the “Fourth Industrial Revolution” is already taking shape thus, many are worrying about the uncertainty of the future where machines will replace most jobs of today.
The founder and leader of the world’s largest glove manufacturer, Tan Sri Lim shares his insights on the company’s Industry 4.0 journey and why SMEs should embrace this new wave.
With the ever-increasing pace at which technology progresses, adopting digital transformation is imperative to ensure that every corporations, be it small or big can keep up with the rapidly shifting market trends and demands, Lim opines.
“Top Glove has always been a strong advocate when it comes to continuous improvement and innovation. The company will fully embrace Industry 4.0 as it will bring us to the next stage in the evolution of manufacturing industry,” Lim says.
“These technologies have already made their mark in the world and are being used extensively in different fields and areas. This is the future, and it is inevitable.”
If one does not want to stay stuck in the past, they have to be ready for what comes next and start learning how to integrate new technologies into business processes, connect digitally with clients and embrace industry 4.0. These are the wise words of Lim for enterprises.
“If SMEs are able to embrace Industry 4.0, it will definitely change the way they reach their markets and capability in reaching more customers, thus increase demand for their products.”
This story is from the June 2019 edition of Business Today Malaysia.
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This story is from the June 2019 edition of Business Today Malaysia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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