Global supply chain disruptions, capacity shortages, port congestion, increasing air freight rates and an ongoing pandemic have stressed shippers, ports, carriers and logistics providers during the past two years, writes EE Times Asia. Today, businesses must embrace smart technology to remain relevant in the market.
The emergence of Industry 4.0 prompted new challenges in the logistic domain, pushing consideration of technological changes such as a serious need for transparency in supply chains. These advancements will drive the transformation of logistics from Logistics 3.0 to “Logistics 4.0.”
Implementing Industry 4.0 is similar to process innovation. It comes with whole gamut of steps which pose a serious challenge to success. Key challenges usually fall into three broad categories – people challenges, technology challenges and process challenges.
Read the full article for more information on how to enable this transformative journey.
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