Why am I getting the error mount: unknown filesystem type 'xfs'

Issue

System is booting into the emergency mode with the following messages:

Oct 28 16:00:47 server.com systemd[1]: Mounting /sysroot... 
Oct 28 16:00:47 server.com mount[482]: mount: unknown filesystem type 'xfs' 
Oct 28 16:00:47 server.com systemd[1]: sysroot.mount mount process exited, code=exited status=32
Oct 28 16:00:47 server.com systemd[1]: Failed to mount /sysroot