A review of supply chain 4IR management strategy for appraising the manufacturing industry's potentials and shortfalls in the 21st century

Abstract

The supply chains in the 21st-century manufacturing sector have become more intricate than before this era. Suddenly, the socio-economic and business crescendos that determine corporate entities now require an in-out, demand-driven system. The Fourth Industrial Revolution (4IR) intervention enables the automation of the production processes seamlessly through the Internet of Things (IoT) and Cyber-Physical Systems (CPS). The research aims to review the impact of the 4IR implementation and supply chain management (SCM) strategies, thereby creating an adoption template by considering potential opportunities and threats of the fourth industrial paradigm. A comprehensive literature review was conducted by investigating scholarly articles and industry reports available in the global repositories to explore key drivers and barriers of the 4IR adoption using the supply chain management strategy. Research findings suggest that the 4IR has brought new threats and opportunities in manufacturing industries using the supply chain management strategy.