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American Lean Weekday: Leadership | Lean Culture & Intrapreneurship | Lean Methods | Industry 4.0 | Case Studies - Tom Reed: Lean Enthusiast & President of American Lean EPISODE 87, 19th June 2020
The $10M benefits of Industry 5.0
00:00:00 00:07:51

The $10M benefits of Industry 5.0

One of the key elements on my American Lean Weekday podcast is the weekly interviews that I conduct with companies on their Lean Journey. These companies are from various industries and are all different sizes. I have interviewed leaders from family-owned businesses to multi-national organizations. This podcast can be found here. In this episode, I interview Michael Rada from the Czech Republic about what Industry 5.0 might look like. It is episode eighty-seven of the American Lean Weekday podcast.

Given the increasing speed of adoption of Industry 4.0 is it too early to start thinking about what Industry 5.0 looks like? Listen to this expert who shares some ideas of what it will look like. Michael Rada from the Czech Republic has been on a journey to curate best practices within waste reduction and human-centered practices.

The headlines scream about how many jobs will be lost to the adoption of Industry 4.0 due to the increased use of technology. What if a human-centered approach focusing on eliminating all forms of waste is the next frontier? This expert believes that is where we are heading.

  1.  Industry 5.0 is an evolution, not a new Industry revolution. This will take into account the human element as well as the elimination of all forms of waste.
  2. A six-step format has been developed as a framework to ensure there is consistency across all implementations.
  3. A leading supplier of electronics saved $10M US dollars from three projects focused upon all forms of waste

Michael can be reached at michael.rada@gmail.com

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