Next-generation autonomous and networked industrial systems (i.e., robots, vehicles, drones) have driven advances in ultra-reliable low-laten-cy communications (URLLC) and computing. These networked multi-agent systems require fast, communication-efficient, and distributed machine learning (ML) to provide mission-crit-ical control functionalities. Distributed ML techniques, including federated learning (FL), represent a mushrooming multidisciplinary research area weaving together sensing, communication, and learning. FL enables continual model training in distributed wireless systems: rather than fusing raw data samples at a centralized server, FL leverages a cooperative fusion approach where networked agents, connected via URLLC, act as distributed learners that periodically exchange their locally trained model parameters. This article explores emerging opportunities of FL for the next-generation networked industrial systems. Open problems are discussed, focusing on cooperative driving in connected automated vehicles and collaborative robotics in smart manufacturing.