Confronted with the demanding challenges of the 21st century, the industry as we know it is reaching its limits. Industry 4.0 is here to solve the challenges faced by the companies and the need for its adoption has been accelerated due to the pandemic. Industry 4.0 is a revolution, characterized by companies laying the foundation for a well-functioning, sustainable, and agile enterprise. Companies at the front of the adoption pack are capturing benefits across their entire manufacturing value chain while reducing lead times and cost. Other benefits include right-first time launch management, improved customer service and complexity management. In addition, these productivity and process improvements reduce the environmental impact, through lower emissions and reduced waste and more efficient energy, water, and raw-material consumption.