Supply chain 4.0
It has been suggested1 that we are now experiencing the ‘Fourth Industrial Revolution’. The first industrial revolution 250 years ago was centred around the use of steam and water power to enable the development of the factory system and the transformation of manufacturing. The second revolution, towards the end of the nineteenth century and the beginning of the twentieth century, saw the use of electricity and the advent of mass production. The third revolution in the second half of the twentieth century was driven by the computer and information technology. Now we are on the threshold of the fourth industrial revolution where the man/machine interface is integrated and automated to an extent not possible before.
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