2021
DOI: 10.32604/cmc.2020.012587
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Industry 4.0: Architecture and Equipment Revolution

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Cited by 16 publications
(5 citation statements)
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“…Hong Kong Li&Fung operates its enterprise with a supply chain philosophy and has accumulated rich practical experience. Li&Fung aims to provide consumers around the world with suitable, timely, and affordable products, focusing on customer needs and providing high-level product supply services [9]. In the face of customized needs, core enterprises can guide customers by combining their high professional abilities, and on the other hand, demand forecasting is more reliable and demand transmission is more effective [10].…”
Section: Changes In Supply Chain Management Under Industry 40 31 the ...mentioning
confidence: 99%
“…Hong Kong Li&Fung operates its enterprise with a supply chain philosophy and has accumulated rich practical experience. Li&Fung aims to provide consumers around the world with suitable, timely, and affordable products, focusing on customer needs and providing high-level product supply services [9]. In the face of customized needs, core enterprises can guide customers by combining their high professional abilities, and on the other hand, demand forecasting is more reliable and demand transmission is more effective [10].…”
Section: Changes In Supply Chain Management Under Industry 40 31 the ...mentioning
confidence: 99%
“…With the advancement of communications and computation technology, electronic devices are better at interacting with other devices, thus leading to more use of modern smart technology, artificial intelligence, and internet of things (IoT) devices in the manufacturing sector [2]. The implementations of these modern technologies in manufacturing companies are the core components of the Industry 4.0 concept.…”
Section: Introductionmentioning
confidence: 99%
“…The development of industrial technologies such as supercomputers, intelligent robots, cloud computing, and AI marks the entry into the 21st century and the emergence of the industrial revolution 4.0. The industrial revolution 4.0 brings the potential for employment to increase to 2.1 million jobs by 2025 but also threatens to eliminate 1-1.5 billion jobs in the 2015-2025 period due to automation (Bashar Fakhri et al, 2021). Despite concerns about replacing human workers with robots, new AI-enabled jobs will also emerge, and humans and AI will work together to improve productivity and efficiency (Bankins & Formosa, 2023).…”
Section: Introductionmentioning
confidence: 99%