Impacts of industry 4.0 on supply chain management of logistics providers: A methodical review
1 Logistics and supply chain management department, University of Hall, United Kingdom.
2 Department of Mechanical Engineering Federal University of Technology Akure, Ondo State in Nigeria.
Review Article
Global Journal of Engineering and Technology Advances, 2024, 20(03), 053–064.
Article DOI: 10.30574/gjeta.2024.20.3.0159
Publication history:
Received on 19 July 2024; revised on 03 September 2024; accepted on 06 September 2024
Abstract:
The arrival of Industry 4.0 transformed and reshaped manufacturing, and the logistics industry is not excluded. As such, there is a need to explore the influence of this latest technological innovation on industries with a focus on logistics providers; this research examines the impact of Industry 4.0 on logistics providers' supply chain management. Using qualitative analysis of secondary sources, this research identifies the key relevance of Industry 4.0 technologies to logistics providers while assessing their adoption and exploring their impact on supply chain performance. Through the series of examination of secondary sources, it was revealed that Industry 4.0 components such as IoT enable real-time tracking, reducing lead times and improving customer service. AI, on the other hand, helps optimize routing and scheduling while also enhancing efficiency. Nevertheless, the industry 4.0 implementation into the logistics provider supply chain is not without challenges; the challenges evidenced through the research include data security, interoperability, and workforce skills. This study recommends investments in technology and skills, data security measures, collaborative organizational structures, agility, change management, and benchmarking to navigate the transformative landscape of Industry 4.0 in logistics supply chain management.
Keywords:
Industry 4.0; Internet of things; Supply Chain Management; Logistics Provider; Artificial Intelligence; Manufacturing Industries
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0