Article: 4.0 technologies game changer for supply chain

4.0 technologies game changer for supply chain

Latest projections by the tracking firm, Gartner, say the supply chain management market will cap US $19 billion by 2021.

These trends have far-reaching implications for the Australian supply chain, including relationships involving thousands of suppliers, business partners, and consumers across the global supply chain.

The outlook for 4.0 technologies is showcased at the Supply Chain 4.0 Summit being held 16-18 October in Melbourne. Industry experts are offering fresh insights into 4.0 technologies, and lessons involving the early adopters.

Industry 4.0 is about providing technology that ensures businesses are well-informed and have sufficient time to plan for contingencies, according to Jeremy Goodman, director with the ocean liner, Carnival Australia.
In the fast-paced world of shipping, there’re limited margin for error on the day a ship loads. Failure to streamline the supply chain ultimately drives up cost and reduces customer satisfaction.

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