White Paper: Industry 4.0, safety, and inventory management address worker shortage

Mike Edwards   

Features BinMaster Industry 4.0 inventory management sensors white paper

In most ways, BinMaster systems are automatic. They feed data to inventory managers for smart decision making and remove a key set of activities which requires an employee to walk, climb and maneuver at heights.

While tools like Internet of Things (IoT), block chain and Industry 4.0 were growing at a strong and steady pace, COVID-19 hit. It was a powerful accelerant for companies who needed to do more with less people and resources. Technology is a solution to worker shortage.

A McKinsey survey of manufacturers showed that more than 30 percent of respondents pointed to worker unavailability as a major challenge. In 2021, Canada Census data found that one in five Canadians are approaching retirement within the next couple of years, and at a greater rate than those entering the workforce.

It’s a pinch-point requiring some creative solutions. In that survey, 25 percent said they are looking to fast-track their automation to deal with worker shortages. Since COVID-19, the sales of BinMaster sensors and software have seen a major spike to meet the needs of companies building their own Industry 4.0 solutions.

The downloadable BinMaster whitepaper tackles the challenge of Inventory Management and ways that Internet of Things (IoT) can send data to the cloud to ensure better decisions are made down the line.


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