CoreNet Global Summit, Boston 2018
Boston | Oct 14 - 17, 2018 | John B. Hynes Veterans Memorial Conv. Ctr
Don't miss the largest gathering of corporate real estate professionals.

The Coming Labor and Location Challenges Posed by "Industry 4.0"

October 17, 2018 | 8:30 - 9:30

The Coming Labor and Location Challenges Posed by "Industry 4.0"

The fourth industrial revolution, often called "Industry 4.0", is a new era in which corporate activity is increasingly digital. Technological advances allow for more and faster data collection and analysis, wireless connectivity and mobility, automation, virtualization, artificial intelligence, machine learning, robotics, and new human-machine interactions. As technology continues to evolve and the adoption rate of innovations increases, disruption to current workforces and future labor markets is expected to be one of the greatest challenges to predict, manage, and mitigate. This session will examine impacts on corporate functions as they are expected to occur in different locations and within specific real estate asset types. The requirement for corporate and governmental responses to labor market dislocation and needs (e.g. upskilling, reskilling, relocation) will also be explored. 

Key Takeaways:

  • Develop a greater ability to inquire about and discover the nature of technological innovation; changing work processes; and business model adaptations being forced by the evolution of Industry 4.0. 
  • Describe the changing labor requirements of business operations as they are situated within different facility asset types. 
  • Define some of the location implications of Industry 4.0 as corporate value chains evolve across the office-based, manufacturing, and distribution functions.