Innovation in recent years has influenced the atmosphere of a competitive economy – and the power of the upheaval is increasing. The overall situation of logistics shows how the safety, cost and value relation, and transparency impact environmental and social issues. Taking care of these issues can determine a company’s success in the logistics industry. And the key contributor turns out to be digitalization.
The COVID-19 crisis highlighted the urgency of embracing digital transformation in business and industry.
For many companies, immediate digitalization was the only way to stay afloat and keep up with the ever-changing dynamics of the New Normal. That, in turn, showed us just how much responsibility the tech industry bears in an economy growing more and more dependent on technology.
The fourth industrial revolution is upon us, and it seems there’s no stopping it. With the rapid advancement of high technology, the promises that appeared unrealistic only twenty or thirty years ago are currently nearing fulfillment.
As the world is slowly breaking the barrier between man and machine, how will Industry 4.0 affect global businesses and industries? And how does it affect them already?