Over the years, many have uttered or written “Industry 5.0”. Yet it was only in this month when the EU published their definition of Industry 5.0 that we might have a definition that will endure.. In Europe, Industry 5.0 is Industry 4.0 where shareholder value and ESG are more balanced.
The European Commission is the EU’s politically independent executive arm, which alone is responsible for drawing up proposals for new European legislation, and implementing the decisions of the European Parliament and the EU council. The European Commission describes Industry 5.0 as…
European industry is a key driver in the economic and societal transitions that we are currently undergoing.
In order to remain the engine of prosperity, industry must lead the digital and green transitions.
This approach provides a vision of industry that aims beyond efficiency and productivity as the sole goals, and reinforces the role and the contribution of industry to society.
It places the wellbeing of the worker at the centre of the production process and uses new technologies to provide prosperity beyond jobs and growth while respecting the production limits of the planet.
The USA does not yet have a fixed position on how people fit into the increasingly high-tech future, but we can all agree that collaboration between humans and machine workers will lead to many new opportunities, including in industrials sectors.