Evaluating Potential Impact of Industry 4.0 Technologies on Supply Chains of the Future

Digitalization and Industry 4.0 play a big role in the current world of globalized supply chains which are becoming more and more complex and require real time data based decisions to enable highly responsive measures needed to supply goods from point of origin to point of sale or use. Various concepts such as IoT, 3D printing, CPS, AR, autonomous driving etc. can be related to Industry 4.0. This paper focuses on examining and cross comparing eight technologies related to industry 4.0 that enables more responsive supply chain management activities. It also discusses the impact of industry 4.0 on future supply chains.