Impact of Industry 4.0 on Supply Chain Resilience
Qiujian Wang () and
Hongjie Lan ()
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Qiujian Wang: Beijing Jiaotong University
Hongjie Lan: Beijing Jiaotong University
A chapter in LISS 2024, 2025, pp 368-381 from Springer
Abstract:
Abstract With the growth of globalization, competitive advantages are distributed across different regions due to local policies and levels of development. To minimize the manufacturing costs, companies designed their supply chains on a worldwide scale and allocated manufacturing processes in different countries. However, such structure increases the risks of supply chain management. Industry 4.0 can integrate manufacturing equipment, administrative procedures, and goods in supply chains to interact with others autonomously along the whole supply chain. The purpose of this study is to ascertain how Industry 4.0 technologies affect a company's supply chain's resilience. A questionnaire and interview method has been adopted to analyze and conclude the impact of Industry 4.0 on supply chain resilience. The findings demonstrate four main ways of increase to foster supply chain resilience through Industry 4.0 technologies: visibility, flexibility, agility, and collaboration. This study proved that the introduction of Industry 4.0 technologies is a boost for larger companies, but a burden for smaller ones. As for the future development of Industry 4.0, there would be a greater number of companies to participate, a greater degree of machine digitization, and the application of more complex and intelligent technologies.
Keywords: Industry 4.0; supply chain resilience; globalization (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-96-9697-0_29
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DOI: 10.1007/978-981-96-9697-0_29
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