Conceptual Approaches of Industry 5.0. Correlative Elements with Supply Chain Management 5.0

Gheorghe Minculete, Ghiță Bârsan and Polixenia Olar
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Gheorghe Minculete: Nicolae Bălcescu Land Forces Academy
Ghiță Bârsan: Nicolae Bălcescu Land Forces Academy
Polixenia Olar: Carol Ist National Defense University

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2021, vol. 22, issue 5, 622-635

Abstract: The continuous evolution of civilization in the world, has progressively determined the change of consumer options for different types of products in terms of complexity, which has progressively led to several industrial revolutions. Therefore, in the current stage, the transition to a superior revolution of Industry 4.0 takes place, where, from a digital point of view, the emphasis was on the devices related to the connection to the so-called Internet of Things. In the conditions mentioned, both the industry and the logistics have developed in stages, revealing today projections and implementations adequate to the configurations of the digital level - 5.0. At this stage, a special emphasis will be systematically placed on research and innovation as essential factors in the process of making that European industry sustainable, resilient and focused on the human factor and interest. The requirements of the information society, based on knowledge are obviously found in the specific coordinates of Industry 5.0 and in the determining functions of Supply Chain Management 5.0. In this article we set out to briefly address the importance and role of the issue of Industry 5.0, but also some correlations with Supply Chain Management 5.0, given the current and future economic challenges.

Keywords: Society 5.0; Industry 5.0; Industry 5.0 workers; Supply Chain Management 5.0; Supply Chain Management 5.0 facilities. (search for similar items in EconPapers)
JEL-codes: D20 D30 M10 M21 M31 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:22:y:2021:i:5:p:622-635

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