How is Industry 4.0 like The Matrix? Accurate digital simulations are very important to each.
As we more firmly enter the Industry 4.0 era in manufacturing, shipping and freight forwarding paradigms will have to keep up by offering the same levels of integration and digitization as their industrial counterparts.
Henry Ford wanted the general public to stop thinking of cars as a luxury and start considering them an attainable goal for working class buyers. How did he do it? By making cars cheaply enough that they could be purchased (the story goes) by the very factory workers who were helping to build them.
What are digital twins, and what do they have to do with NASA's Apollo 13 mission?
While evaluating an IT solution is, in some ways, just like evaluating any other product, it’s also markedly different in others. Specifically, it requires businesses to think not just practically but conceptually, considering the long-term, transformative implications of a given piece of software.
How is supply chain management in the Industry 4.0 era like optimizing your morning commute? In both cases, more data is the key to staving off unwanted disruptions.
Supply chain management as a field has gone through plenty of change during the past few decades, including the continued rise of computers as a tool, just as it's going through big changes now with the advent of Industry 4.0. More changes are, no doubt, on the horizon.
One of the most significant changes being brought about right now by the Industry 4.0 revolution is the sheer increase in data and information transparency across the entire supply chain. This has big implications for production planning.
As the era of Industry 4.0 continues to ramp up, new corners of the world of industry will continue to see rapid growth and changes—how will the furniture industry respond?
What can smart fridges tell us about real-time information in the supply chain? Read on to find out!
In a recent poll, PwC found that while 60% of respondents were “dabbling” with Industry 4.0 technology, only 3% had truly achieved a working Industry 4.0 paradigm. Why? In part because it can be difficult to evaluate the software solutions involved.
What does the annual hop harvest have to do with Logistics 4.0? They both demonstrate the importance of connectivity and real-time communication in modern manufacturing and shipping.
In 2015, the global cost of overstocking goods was $470 billion, and the cost of under-stocking was more than $600 billion. What implications does this have for modern manufacturers?
Modern product life cycles involve a lot of prototyping, and it has historically been difficult to know in advance what the result of any given change or adjustment might be. Luckily, Industry 4.0 is rapidly changing the journeys that products take from conception to production.
Logistics 4.0, digital logistics, modern transport logistics: whatever you want to call it, the new paradigm emerging in the world of transporting goods from production plants to consumers is gaining steam rapidly.
In the spirit of data-driven decision-making in the automotive supply chain, here are a few statistics that might be important for supply chain managers to know going forward.
Logistics 4.0 is to old-school transport management as navigating without a GPS is to driving with a smartphone: it boosts connectivity and eases pain points at every turn.
