The definition of insanity is to do something the same way repeatedly and expect a different outcome. As we move towards the next industrial revolution, it is becoming more apparent that current practices in a vast number of supply chain activities will not be working anymore. The just-in-time, globalisation model for supply chains, realised in industrial revolution 4.0, is infrequently a not-in-time model, with demand disruptions becoming a common occurrence. Supply chain has become no stranger to challenges created by man-made crises and natural disasters. The most recent in that array includes the global pandemic which is placing increasing constraints on current practises. It has been argued that the global pandemic is the driver for the next industrial revolution.
|Specialist publication||AIB Review|
|Publication status||Published - 4 Mar 2022|