Powering the Electrification of the Canadian, American Economies: Podcast Interview with Tim King, Nexans

RS offers an extensive range of Industry 4.0 technologies designed to help energy and utility organizations overcome pervasive challenges and achieve ambitious modernization goals. Operating challenges including downtime, skilled labor shortages, and inefficiencies affect every industrial market segment, and their cumulative effects can be disastrous. For example, the average manufacturer experiences 800 hours of equipment downtime a year, which costs industrial organizations almost $1.5 trillion a year — roughly 50% more than it did in 2019–2020 — due to spiraling inflation and production lines running at higher capacities.