TY - CHAP
T1 - Supply Chain Resilience in the Fourth Industrial Revolution
AU - Azmat, Muhammad
AU - Ahmed, Shehzad
AU - Mubarik, Muhammad Shujaat
N1 - © 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG. This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use [https://www.springernature.com/gp/open-research/policies/accepted-manuscript-terms], but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: https://doi.org/10.1007/978-3-030-95401-7_13
PY - 2022/9/25
Y1 - 2022/9/25
N2 - The unusual and dynamic global political situation, man-made and natural disasters, and an upsurge in economic instability internationally are some of the key factors disrupting the global business operations and their supply chains. Similarly, a new dimension known as the fourth industrial revolution is inducing a rapidly changing technological world and its adoption race has also started showing its impact on company’s value chains and started setting new standards by creating technological competitive advantages. Therefore, it is imminent for companies to brace themselves for technological, organizational, and environmental changes. Recent events like the COVID-19 pandemic has perfectly showcased the fragility of businesses operations and over-reliance on global supply chains. Nonetheless, a similar situation has also taught us that being resilient, flexible, and agile in such unprecedented circumstances could be beneficial for the organizations. Thus, this chapter precisely articulates the importance of resilience entering into the fourth industrial revolution and presents, how supply chain visibility, collaboration, flexibility, and control could be the ingredients of the winning recipe for businesses. Furthermore, Industry 4.0 promises to revolutionize how the supply chain operates. It provides companies with several predictive capabilities of their supply chains helping them to mitigate and anticipate any risk or disruption caused by the changes in the external environment. Thus, resilience combined with Industry 4.0 could redefine corporations’ operations and supply chain forever.
AB - The unusual and dynamic global political situation, man-made and natural disasters, and an upsurge in economic instability internationally are some of the key factors disrupting the global business operations and their supply chains. Similarly, a new dimension known as the fourth industrial revolution is inducing a rapidly changing technological world and its adoption race has also started showing its impact on company’s value chains and started setting new standards by creating technological competitive advantages. Therefore, it is imminent for companies to brace themselves for technological, organizational, and environmental changes. Recent events like the COVID-19 pandemic has perfectly showcased the fragility of businesses operations and over-reliance on global supply chains. Nonetheless, a similar situation has also taught us that being resilient, flexible, and agile in such unprecedented circumstances could be beneficial for the organizations. Thus, this chapter precisely articulates the importance of resilience entering into the fourth industrial revolution and presents, how supply chain visibility, collaboration, flexibility, and control could be the ingredients of the winning recipe for businesses. Furthermore, Industry 4.0 promises to revolutionize how the supply chain operates. It provides companies with several predictive capabilities of their supply chains helping them to mitigate and anticipate any risk or disruption caused by the changes in the external environment. Thus, resilience combined with Industry 4.0 could redefine corporations’ operations and supply chain forever.
UR - https://link.springer.com/chapter/10.1007/978-3-030-95401-7_13
UR - https://link.springer.com/book/10.1007/978-3-030-95401-7
UR - http://www.scopus.com/inward/record.url?scp=85139520045&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-95401-7_13
DO - 10.1007/978-3-030-95401-7_13
M3 - Chapter (peer-reviewed)
SN - 978-3-030-95400-0
T3 - Springer Series in Supply Chain Management
SP - 149
EP - 163
BT - Supply Chain Resilience
A2 - Kummer, Sebastian
A2 - Wakolbinger, Tina
A2 - Novoszel, Lydia
A2 - Geske, Alexander M.
PB - Springer
ER -