1) Supply chains have become more complex over 30 years, transforming from operational logistics to strategic functions, and competition is now between entire supply chains rather than just companies.
2) Supply Chain 4.0 utilizes technologies like the Internet of Things, advanced robotics, blockchain, and analytics to increase performance and customer satisfaction by making supply chains faster, more flexible, efficient, accurate, and granular.
3) Digitization creates disruptions that require companies to constantly rethink supply chain design and address new customer and supply side challenges, but can provide benefits like predictive shipping, on-demand transportation, automated warehousing, end-to-end transparency and mass customization.