New logistics and production trends as the effect of global economy changes

By G. Kovács, Sebastian Kot. 2016

146 citations recorded by the source corpus.

The growing market globalization, increasing global competition, and more complex products results application of new technologies, methods and business processes. Fast changing market environment and fluctuating customer demands require efficient operation of logistical processes. In this study the logistical tendencies and challenges are introduced with reasons and driving forces. Tendencies in the changes of customer demands, production requirements, formation of supply chains, inventory strategies, transportation activities and activity of the logistics service sector are analyzed. Finally the Industry 4.0 conception is introduced which will change the production and logistical processes drastically.

Subfields: Industrial and Manufacturing Engineering, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c5bb7286fd680d2acc413d3f28003e987e341769

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Citations in the corpus

• Influences of the Industry 4.0 Revolution on the Human Capital Development and Consumer Behavior: A Systematic Review (2020, background): “8 [101] 2015 Developing communications between people, industrial components (equipment and machinery), and products as well as extending internal and external networks [104,108] 2016”