The emergence of Industry 4.0 prompted new challenges in the logistic domain, pushing consideration of technological changes such as a serious need for transparency in supply chains. These advancements will drive the transformation of logistics from Logistics 3.0 to “Logistics 4.0.”

The emergence of smart and intelligent technologies — Industry 4.0 — in the past decade has disrupted many industries and businesses. Global supply chain disruptions, capacity shortages, port congestion, increasing air freight rates and an ongoing pandemic have stressed shippers, ports, carriers and logistics providers during the past two years. Today, businesses must embrace smart technology to remain relevant in the market. The logistics industry, with its focus on enhancing customer service, must strive toward transformation, flexibility and agility in three key functional segments of logistics: Information flow from seller to buyer; product flow from seller to customer; and finally the cash flow from buyer to seller for the delivery of goods and services.

What is smart logistics and why now?

The emergence of Industry 4.0 prompted new challenges in the logistic domain, pushing consideration of technological changes such as a serious need for transparency in supply chains. These advancements will drive the transformation of logistics from Logistics 3.0 to “Logistics 4.0.”

10/17-19 EAC