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Supply Chain
The Fourth Industrial Revolution—Industry 4.0—calls into question the very definition of manufacturing, blurring the lines between tangible and intangible, digital and physical, product and service. At its core, Industry 4.0 redefines how manufacturers derive and deliver value. According to BDO’s 2019 Middle Market Industry 4.0 Benchmarking Survey, 99 percent of middle market manufacturing executives today are at least moderately familiar with Industry 4.0.
The COVID-19 global crisis continues to disrupt manufacturing and global supply chains with severe consequences for society, businesses, consumers and the global economy. This has raised new and unprecedented questions on the level of resilience of global value chains and the overall approach to manufacturing. The World Economic Forum, in collaboration with Kearney, brought together C-level executives from different industry sectors to identify best responses to the current COVID-19 crisis.