Current Trends in Industry 4.0 and Implications in Container Supply Chain Management: A Key Toward Make in India

Abstract

The paper provides an overview on the current trends and future perspective of Industry 4.0. Besides, the paper also presents the advances of Industry 4.0 which has enabled systematic functionalities for cyber-physical systems. It has paved way to integrate functional capabilities in physical assets which facilitates monitoring and synchronization of real-time information over the Industry 4.0 network. Smart analytics of Industry 4.0 effectively and efficiently communicates and coordinates with entire components of the system. In addition, the paper also proposes six-leveled architecture for Industry 4.0 which shows an implication in the containerization system of container supply chain at the port. Further, advancements of Industry 4.0 are implemented in the containerization system to optimize business operation at the port to effectively and efficiently build container supply chain.