INDUSTRY 5.0 represents 475.000.000.000.000 USD/year estimated global savings

When I have realized back in 2010, that there is no one in the world who tries to prevent waste happen on an industrial scale I started my journey of developing and testing tools for waste prevention on this scale and I succeed. In 2013 I have introduced it as an entrepreneur and successfully helping my first client not only to reduce significantly the impact on the environment but to drop the cost related to waste management by 60%.

This project clearly indicated the difference between existing tools and systems and systematic waste prevention.

It took me and my business partners and clients 5 years to estimate the total volume of financial savings that can be generated on a global scale. Despite the fact some industries refuse to share data (WAR INDUSTRY, WASTE INDUSTRY, CRUDE OIL INDUSTRY) we reach the number 475 TRILLION USD/YEAR

This number represents 8 times the GLOBAL GDP

Discussing the topic with world economists, the process was all the time the same

ECONOMIST “Michael, you must be crazy to estimate volume representing 8x global GDP”

10–30 seconds silence

ECONOMIST “Michael, you are a genius. GDP represents just the trade, but INDUSTRY 5.0 all around it”

Having many similar discussions with clients, business partners, and supporters all around the globe I was asked to deliver a keynote related to the IMPACT OF INDUSTRY 5.0 ON BANKING AND ECONOMY which I did on December 8th, 2020.

One month later (January 7th, 2021) integrated officially the EUROPEAN COMMISSION the INDUSTRY 5.0 in the EUROPEAN SUSTAINABLE DEVELOPMENT FRAMEWORK.

FINEXTRA represents the financial segment information platform and I am sure its members, readers, and visitors do clearly understand how big would be the impact of MONEY “found on the ground” and utilizing them for the sustainable development of companies, businesses, industries, communities without the need to “PRINT NEW MONEY” or “DIG FOR RESOURCES ON THE PLANET SURFACE”

Before the and I would like to mention one fact. INDUSTRY 5.0 was created and is being led for the entire time without third party investment, funding, incentives, and similar financial tools and despite that in just eight years of existence it has been named one of the TOP TEN INDUSTRIAL TRENDS OF NEXT DECADE and it was able to create within just 10 months time a physical network of 75 INDUSTRY 5.0 AMBASSADORS in 75 countries representing locally the tools of systematic waste prevention to more than 5,1 billion people which represents more than 65% of the global human population.

I hope this information was useful and wish all to have a nice time free of waste and wasting in all its forms and please, stay safe

Michael Rada, HUMAN, INDUSTRY 5.0 FOUNDER