De-globalisation, value chains and reshoring

Abstract

Many of the world’s leading industrial nations have invested in national initiatives to foster advanced manufacturing, innovation, and design for the globalized world. Much of this investment has been driven by visions such as Industry 4.0, striving to achieve a future where intelligent factories and smart manufacturing are the norm. In this paper will discuss on definition of industry 4.0 and the distribution of the manufacturing system attribute for the Industry 4.0. Manufacturing system attributes to the Industry 4.0 can be said as nine advances in technology. From Economic Planning Unit (2015) in Eleventh Malaysia Plan, which is a five-year comprehensive blueprint prepared by the Economic Planning Unit (EPU) of Malaysia, the government aims to raise productivity and reduce dependency on inputs from capital and labour. The conceptual Industry 4.0 has a high impact and wide range of change to manufacturing processes, outcomes and business models. It allows mass customization, increase of productivity, flexibility and speed of production and improvement on quality product. Although Industry 4.0 have several disadvantages, some of its can be minimize and can be prevent. The ideas to minimize the disadvantages are predictive maintenance, upgrade the security data, and smart monitoring.