Humanizing the Fourth Industry Revolution in Sustainable Supply Chain Management

Munia Ahamed (), Mohd Fairuz Abd Rahim and Abdul Aziz Ahmad
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Munia Ahamed: Multimedia University, Faculty of Management
Mohd Fairuz Abd Rahim: Multimedia University, Faculty of Management
Abdul Aziz Ahmad: Multimedia University, Faculty of Management

A chapter in Proceedings of the International Conference on Technology and Innovation Management (ICTIM 2022), 2022, pp 354-363 from Springer

Abstract: Abstract The transition to Industry 4.0 and the growing adoption of new digital technologies in industrial operations present new challenges and opportunities in terms of human work and work organization. To overcome these obstacles and seize emerging opportunities, new socio-technical and human-centered design and engineering methods and approaches are required. This paper will provide an overview of the Industrial Revolution version 5.0 and will discuss various aspects of Industry 4.0 implementation. Entering the 5th Industrial Revolution, globally companies will adopt new technologies to meet the demands of quality customers and value-added products, using new techniques in transparency, smart components, more significant data, and information security. The implementation of Industry 5.0 brings back human to the industry again and reduce unemployment which makes overall positive development for the future Industry. The leadership of organizations, policymakers, and other supply chain practitioners, particularly those currently working on Industry 4.0 initiatives, will benefit from this research because it will provide clear guidance on the dimensions necessary to structurally design and implement an Industry 5.0 strategy. This paper will benefit researchers and practitioners by examining the newest and most revolutionary concept of the Industry 5.0 phenomenon in the context of supply chain management, which is a relatively unexplored area. Finally, the impact of Industry 5.0 on the Malaysian manufacturing industry and the overall economy will be discussed from an economic and productivity point of view. This research would like to identify a research gap in the intersections between Industry 4.0 and Industry 5.0 in regards to supply chain management through SLR to recommend how manufacturing companies should approach the introduction of new digital technologies with the human touch. Theoretically, this research is expected to recommend a framework to the current literature and the body of knowledge with humanizing factors.

Keywords: Industry 4.0; Industry 5.0; Humanizing factors; Sustainable supply chain (search for similar items in EconPapers)
Date: 2022
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DOI: 10.2991/978-94-6463-080-0_31

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