Industry 4.0: possibilities and challenges for the Machine Tool Industry

Europe has the world’s most competitive machine tool industry. The sector’s competitiveness is based on know-how, high skills and customized solutions. Nevertheless, the advanced manufacturing industry is changing. The digital era brings new business models that European machine tool builders need to follow for maintaining their success in the market. You can read the challenges and developments of this sector in the article written by Filip Geerts, CECIMO Director General, in the European Files January Issue.