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Industry 4.0 and the emergence of Logistics 4.0

April 2020|Bulletins » FAL Bulletin
Publication cover
Author: Barleta, Eliana - Pérez, Gabriel - Sánchez, Ricardo 15 p. Editorial: ECLAC April 2020

Description

The fourth industrial revolution is bringing about a series of disruptive changes in both business models and the production chains that support them. Logistics, which is a fundamental element of these processes, is inevitably affected by these significant changes. This fourth industrial revolution is characterized by its speed, magnitude and depth. The changes are so dramatic that they will alter the way we live, work and relate to one other, affecting countries, companies, industries and society as a whole. Therefore, the logistics system of the future must aim for interconnected information and optimized time and resources, with significant investment in innovation and development to maintain competitiveness.