Track: Logistics

Abstract

An increase in demand for customized products and services has led to the rise in current globalization and resulted in the global industrial landscape change deeply in recent years. With the help of successive technological innovations and developments in the supply chain process. The concept of “Industry 4.0” is the modern way of leading the value chain of an industry. However, there are various risks involved in the process of its implementation. The research paper is intended to highlight the major risks and its resilience action to achieve Smart Logistics in Indian Context.

Decision Framework is developed to identify possible risks that affect the adoption of these technologies and achieving Smart logistics based on literature review and in-depth expert. This work is intended to develop a Smart Logistics strategy and prioritized plan for logistics providers and organizations to mitigate the effects of risk and uncertainty with the help of Risk Management.