The document discusses Production 4.0 and a new vision for the factory of the future called Production 4.0. It notes that current production systems were designed in the 1970s-1990s and are not ready for digitalization. Production 4.0 aims to create a highly flexible, completely digital and self-optimizing factory that runs on engineering data and optimizes the supply chain in real-time, even for lot sizes of one. It argues this will require a new, integrated "Production-Process Platform" that combines engineering, production and logistics on a single platform using real-time data from connected resources. This integrated platform is predicted to deliver efficiency gains of 10-20% through predictive process control and optimization of production