Global Supply Chains will be Digital, or will not be Global.
World Economic Forum at Davos assessed the importance of Industry 4.0 as ‘Mastering the Fourth Industrial Revolution’, driven by new Information Technologies like Big Data, Cloud Computing, Internet of Things, RFID, 3D-Printing, Robotics, Mobility, Global Digital Networks, Artificial Intelligence…
Under the paradigm shift of Industry 4.0, it is necessary to have a strategic holistic vision to see the new growing forest, through the old trees.
With the confluence of social and business trends of Industry 4.0., and the emerging technologies, the value chain will become fully digital and globally integrated; from suppliers, factories to customers. Digitalization has started by the integration of information flows and the incremental digitalization of products and services supported by Internet of Things. Next will be the implementation of intelligent processes, fostered by Artificial Intelligence.
The global supply chain management will play a key role in the new paradigm looking holistically beyond the existing silos and functions. The decentralized and intelligent supply chain optimization will involve both hyper-communication and big data to achieve the highest agility.
Every single object in the value chain may have its own IP address communicating with others; like products, parts, materials… but also containers, trucks, manufacturing devices, plus new human-machine interfaces and digital-to-physical transfers.
Everything may become an individual part of the Smart Supply Chain supported by IoT and AI, where products, services and information converge. Companies need to change the way they plan, source, make, deliver and service having the customer in the gravitational center of a digital business ecosystem.