Rapid UC Response in a Period of Crises

Industry 4.0 · BREI · COVID-19 Impact Survey

Industry 4.0

Industry 4.0Are you & your businesses ready?

Purpose of the Workshop:

To strengthen economic development conversations and follow up by:

• Knowing the basics and language of Industry 4.0

• Recognizing industry adoption

• Gauging a businesses’ readiness for transformation

• Sharing useful resources that can help your businesses prepare for disruption and opportunities.

This month’s topic: The technology of Industry 4.0, the fourth industrial revolution, is bringing a wave of new possibilities for Iowa manufacturers. Today's manufacturers have tremendous power to personalize products, optimize inventory, and improve quality. We’ll discuss what’s possible and how CIRAS can help you assess what you need.TODAY!Thu, May 27, 202111:30 AM – 12:30 PM CDT

www.ciras.iastate.edu/events-workshops

ISU CIRAS Service Showcase Series:

Industry 4.0

MUST ATTEND& PROMOTE

2018-2023 UC Center

Sparking & supporting intrapreneurship, innovation and R&D within plateaued firms, family businesses & supply chains

Local economic development business retention

& expansion ADDING intrapreneurship/innovation

2018-2023 UC Award

Sparking & supporting intrapreneurship, innovation and R&D within plateaued firms, family businesses & supply chains

Intrapreneurship Resource Network• Connecting service providers• Providing training in innovation processes• Providing R&D resources

COVID-19 Business Impact

Survey #1 13,905Survey #2 9,681Survey #2 6,457

Rural ReportingIowa’s 88 Rural

Counties

Top Three Concerns with Respect to the Effects of the Pandemic?

Has your organization done any of the following?

Identify and hire new employees 29.7%

Obtain financial assistance or additional capital 28.8%

Adjust our business model 26.2%

Increase or pivot marketing or sales efforts 26.0%

Identify new supply chain options 19.5%

Evaluate work arrangements for employees (e.g. on-site vs remote, flexible work hours, etc.) 15.9%

Develop online sales or websites 14.9%

Offer new/additional training for employees 14.8%

Learn how to better provide for the safety of customers and employees 14.4%

Permanently close this business 5.3%

Rural Reporting

How much time do you think will pass before your organization returns to its normal level of operations

relative to before March 2020?

How Challenging has it been to Address Top Concerns?

In the next 6 months, will your organization do the following?

Follow Up Reports

Online Sales Presence Helpful Assistance or Resources Industry, Business Size & Revenue Overall Impact, Areas of Impact Estimated Impact on Revenue & Employment Financial Assistance Applications Workplace Precautions Implement/Planned Barriers to Employees Returning Tourism Sector/Marketing Plans Plan to Re-engage Residents & Visitors Lost Volunteer Hours Non-Profit Funding Needs Property Management – Tenants Behind on Rent

50 NEEDED

Karla Organist, CEcD karla.organist@uni.eduJames Hoelscher, CEcD james.Hoelscher@uni.edu