There are two main types of industrial production discussed: continuous production and assembly production. Continuous production involves manufacturing materials through continuous and uninterrupted processes like oil refining, chemical production, and steel casting. It aims to operate 24/7 with few shutdowns. Assembly production uses assembly lines where parts are added sequentially as a product moves through workstations, allowing for faster assembly with less labor compared to stationary assembly. The key principles of assembly production are placing tools and workers in the optimal sequence, using carriers to minimize part travel between stations, and employing sliding lines to deliver parts at convenient distances.