A growing trend in the supply chain and logistics environment is transforming all end-to-end steps in production and business models through technological means such as advanced robotics, autonomous systems, and additive manufacturing.
According to the logistics experts contacted by Freight News, the 4th Industrial Revolution (4IR/Industry 4.0) is shaping the way supply chains are evolving and becoming more competitive.
One of them is Tommie Snyman, a consultant at Toca Advisory Services.
“Industry 4.0 introduces us to a tidal wave of technological development and capabilities, optimising how we conduct business,” he said.
“Digitalisation of the industrial sector will bring about major benefits as it redefines processes, from production to dispatch to final delivery.”
Some weighty organisations underscore such sentiments, namely McKinsey & Company.
According to the multinational management consultancy, the last decade has seen companies operating under increasing levels of disruption.
A research collaboration between the World Economic Forum and McKinsey, looking at 103 manufacturing sites around the world, showcased how industry 4.0 could be leveraged to achieve faster, more sustainable change through the use of digital technology to build more agile and customer-focused organisations.
- Read the full article in our latest edition of Freight Features, available from today:https://tinyurl.com/4fcebku9
