SUPPLY CHAIN 4.0: NEW TECHNOLOGIES AND THEIR IMPACT ON THE SUPPLY CHAIN

Abstract

Over the centuries, supply chains have undergone major changes, adapting to the environment and challenges such as: globalization, wars, competition, pandemic, digital revolution, etc., all these together, generating different missions and goals. One of the peculiarities of running a business in the XXI century is the fierce competition between companies, felt at international level. In these conditions, the traditional operations and processes of the supply chain no longer meet the complex requirements of today’s economy, and the implementation of leading-edge solutions is necessary. The use of new technologies in the supply chain can respond quickly to current business demands. Thus, a smart supply chain provides opportunities, creates added value, but also contributes to the creation of a strategic competitive advantage. The aim of this paper is to highlight the supply chain technological transformation possibilities, their benefits, challenges, limits and barriers. The need for knowledge, analysis and implementation of new technologies in supply chains is absolute, dictated by the omnipresent acceleration of change.

Keywords

• new technologies
• supply chain 4.0
• industry 4.0
• supply chain management.