Tech

Industry 4.0: is Brazil ready for the change?

industry 4.0 brazil innovation investments

During Brazil’s worst recession on record, no economic sector lost more than industry. For 14 months in a row, Brazilian industry posted negative results. As a result, industry started to account for a smaller share of the GDP – even in a scenario of economic retraction. Rock bottom came at the beginning of 2016, when Brazil’s industrial production was almost 18 percent smaller than in January 2014. The picture is a bit better now – but the truth is that Brazil’s industry is at a crossroads.