PODCAST (in French) – Industry 4.0: competitiveness benefiting workers (not the other way around!)

“Manufacturing industries had already made productivity gains by using robots, but with Industry 4.0, we layer on intelligence and communication; the entire business, not just the shop floor, is hardwired with the kind of sensors that allow automated machinery and software to coordinate their efforts automatically” says Nicolas du Parc, Investment Manager, Venture Capital and Technology for the Fonds.

“This intelligence translates into greater productivity, reduced consumption of resources, and greater safety. Basically, 4.0 isn’t in the business of replacing humans, but helping them in their work.”

“For instance, in a plant that makes a large variety of parts to be painted, it’s a human that currently does it, since it’s impossible to reprogram a robot for each part. The worker doing the painting is exposed to volatile chemicals in the process, and then inspects the piece to make sure it is painted correctly. With Omnirobotic’s technology, the robot will reprogram itself automatically depending on the geometry of the part, paint the part, and then the employee can carry out the inspection more safely without exposure to paint vapours,” du Parc explains.

“Our view on 4.0 is it’s a chance for workers to develop their capabilities to better contribute to the company’s productivity while flourishing in their work, with better quality of life and improved safety.  In every one of our 4.0 related investments, we make sure that jobs will be maintained and that change will be positive for both people and the environment.”

“Companies have already lost ground against the Americans over the past 15 years. Furthermore, the pandemic has shown they would benefit from simplifying their supply chains so they are less dependent on external factors. So they not only have to optimize their production, but all their business activities: inventory, procurement, customer service, etc.,” Latreille says.

“It’s important to bring these players together, because keep in mind that these 4.0 technologies don’t come ready out of the box, they are for the most part custom made.  Then they have to be integrated into existing processes, not just at the technical level but on a human level, so you don’t only need sufficient technical support but also an enlightened approach to change management,” Latreille says.

“The role of the Fonds as a venture capital investor is to help local expertise flourish, and help manufacturers avoid having to go to Europe or Asia in search of solutions. We want to help prepare champions that are not only going to respond to local needs here at home, but also compete on global markets,” du Parc says.

“Beyond each company’s individual efforts, our entire economy is being pulled to transform. We can imagine how, one day, instead of trucking in strawberries form California, we would grow them in the parking lot of the fruit store, without pesticides, in completely automated towers all year long with a very light carbon footprint. Bold players of this kind can come here and shake up our companies, but our own are just as capable of giving our companies a boost by strengthening their 4.0 efforts,” du Parc says.

“The main 4.0 challenge is a human one, because it can have an unforeseen impact on the company culture. There are adjustments to be made, while supporting staff. Automating repetitive tasks is part of it, but which will have the greatest return? By studying the question together the members of an organization will find their most advantageous path going forward.”