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Industry 4.0 is propelling manufacturing into novel territory. New technologies are continuously emerging but some existing ones are accelerating the trend.

While Industry 4.0 makes sense for new sites and production lines, most manufacturers are unlikely to outlay significant capital to replace every part of their existing infrastructure. But you don't have to. The intermediary period of intelligent information-driven manufacturing (iDM) is where existing devices will be connected across the entire value chain to deliver real-time improvement insights. We’re calling this “Industry 3.5”, because it’s the stepping-stone to realising the gaps while working towards Industry 4.0.

The best place to start is gaining visibility of your line. Identify every single machine or process (from raw materials to finished and packaged goods) not currently “connected” and understand what information is immediately accessible. This will tell you where opportunities to optimise, change and improve are, ensuring you deploy automated, connected solutions in those parts of the process that will bring the greatest rewards.

By understanding and harnessing the technologies driving Industry 4.0, you can start reaping the benefits of a connected factory, particularly in terms of better decision making. So start small, but plan big.

Find out more about these technologies by reading the full story here

Food & Drink Business

Cobram Estate Olives (CBO) has formally claimed a purchase price adjustment of up to US$31.9 million on its California Olive Ranch (COR) acquisition and expects to pay no earn-out on the deal, as the Australian producer works through the completion of its largest ever transaction.

Maggie Beer Holdings (MBH) has pushed back the expected timing of its proposed $10 million sale of Hampers and Gifts Australia (HGA), with completion now targeted for February 2027 rather than a binding agreement signed by the end of this month.

RMIT University and End Food Waste Australia have launched the new Food and Beverage SME Packaging and Machinery Solution Centre, to help Australian food and beverage SMEs navigate the complex transition to more sustainable packaging and processing technologies, while protecting product quality and minimising food waste.