Abstract
Innovations and market changes in warehouse and logistics systems force the adaptation and transformation of the existing business model into a business model based on modern technology. With the development of the Internet, RFID (radio-frequency identification) technology and sensors, new innovations are being created that allow the improvement of the existing mode of activity. Implementation of the new technology brings along a number of challenges that organizations must find an adequate response to. However, warehouse systems are not the only affected by the new technologies. The development of technology and technological innovations enable organizations to develop sustainability. Sustainable development is imperative due to increasing awareness of the need for environmental protection. The supply chain can also be managed much more efficiently if sensors that collect information of customer habits and process performance are implemented. Given the accelerating development of Industry 4.0 and the opportunities offered by newly developed technology, this paper provides an overview of current developments in the implementation of Industry 4.0 technological innovations in logistics.
Highlights
Along with the development of new technologies, new ways of managing warehouse systems and logistics operations are being developed
Internet technologies have made it possible to connect physical elements to the network, which is the basis for development of the IoT (Internet of Things)
This paper is based on the secondary research with the aim to present current trends in the development of technological innovations of industry 4.0 in logistics, which can determine the sustainable development of the organizational logistics system
Summary
Along with the development of new technologies, new ways of managing warehouse systems and logistics operations are being developed. By reducing them and implementing new technology that will enable efficiency and productivity increase, logistic systems become economically viable. Existing systems used to monitor and manage performance, which as a result provide data that can be used to improve the system, should be enhanced by technologies such as IoT The effects of such technologies are long-term, and the return on invested resources is inevitable at later stages of business after their implementation. Robotization, automation and internet development transform traditional warehouses into warehouses that, through the IoT and modern computer support, improve their performance and, above all, productivity, efficiency and effectiveness. Past trends have transformed traditional approaches to business and sustainability management into a modern approach based on technologies developed alongside the development of needs for a different approach and environmental protection relationship
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