The impact of industry 5.0 on supply chain performance

Autor: Hamideh Nazarian, Sharfuddin Ahmed Khan
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: International Journal of Engineering Business Management, Vol 16 (2024)
Druh dokumentu: article
ISSN: 1847-9790
18479790
DOI: 10.1177/18479790241297022
Popis: The transformative potential of Industry 5.0 (I5.0) to enhance supply chain performance (SCP) has become a compelling focus for numerous supply chain (SC) managers. This research explores the profound impact of I5.0 on SCP, highlighting three key dimensions: Efficiency, Visibility, and Responsiveness. It illuminates the dynamic interplay among these dimensions, demonstrating that improved visibility leads to heightened responsiveness and efficiency. While the enabling technologies of I5.0 hold significant potential for diverse applications, this study zeroes in on seven I5.0 technologies identified as highly impactful within the SC context. A closed-ended questionnaire was employed to collect 105 valid responses from managers, experts, and practitioners who are well-versed in I5.0 within the SC domain. Data analysis was performed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The findings reveal both positive direct and indirect relationships between I5.0 and SCP, emphasizing how I5.0 reshapes performance dynamics and can expedite the adoption of I5.0.
Databáze: Directory of Open Access Journals
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