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The Center for Automotive Research’s Management Briefing Seminars (MBS) is an annual rite of summer for the auto industry. Representatives of automakers and suppliers head to northern Michigan near the resort town of Traverse City for lectures and presentations about the industry.

Industry analyst firm SmarTech Publishing has just issued a new report that examines the current market for automotive additive manufacturing market including prototyping and tooling applications while focusing specifically on production of final parts.

Named the next phase in the digitization of the manufacturing sector by McKinsey & Company, Industry 4.0 is sweeping through manufacturing—combining connectivity with computational power and data for unparalleled capabilities. Here are three ways Industry 4.0 is forcing manufacturers to rethink one key metric: their lead times.

The virtualization of business-critical infrastructure is transforming the production and distribution of goods and services throughout the supply chain as industrial organizations shift focus from private to public and, ultimately, hybrid cloud deployments that connect and integrate on-premise resources with cloud resources.

General Motors Co. (Detroit) is boosting its use of collaborative robots, a manufacturing executive said at this week’s Management Briefing Seminars (MBS).

Intelligent factories have existed since manufacturing’s historical inception, but intelligence—defined as the acquisition and application of manufacturing knowledge—resided only with the factory’s staff.

One of the foundational aspects of Industry 4.0 protocols is the creation of electronic “digital twin” models of product data and production processes. This includes an exact replica of all machine tools, including complex work envelopes showing the particular spindles, fixtures, and cutting tools.

These days mirror the late 1990s, when the Internet evolved to widespread use—and the topic bedeviled many. But others—in banking and entertainment, for example—who quickly learned the new lingo and jumped at the chance to explore the Web’s potential benefited greatly. Today’s tantalizing topic: blockchain.

The energy industry is often at the forefront of our minds as we watch fuel prices climb and then celebrate when they come down. We continually find ways to be as energy efficient as possible in our homes and workplaces. Media outlets keep us constantly informed of this often-volatile industry’s ups and downs.

Powerful trends will push manufacturing close to complete automation by 2050, while the people still working in the industry will be empowered to rapidly innovate like never before.