NDLI: Industry 4.0 towards a Circular Economy

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Industry 4.0 towards a Circular Economy

Content Provider	Scilit
Author	Unterberger, Petra Müller, Julian M.
Copyright Year	2021
Description	Industry 4.0 is driven by technologies that enable the connection of the digital and physical world throughout the entire value chain and the entire lifecycle of products. While in the past, isolated systems were preferred due to high transaction costs, reduced transaction costs driven by the Internet of Things, allow a holistic view on value chains and lifecycles. Thereby, the framework conditions for the conversion from a linear to a circular economy are created. However, in practice, data continuity across entire supply chains, functional departments, and entire lifecycle of products is not yet established. This can partly be attributed to the insufficient integration of small and medium-sized enterprises (SMEs) in supply chains. While SMEs have niche-specific know-how that is of high importance for supply chains, they also fear data transparency and have lower digitization levels. To analyze this issue more in depth, this chapter aims to shed light on challenges concerning data transparency for SMEs that hamper Industry 4.0 implementation towards a circular economy. Book Name: Industry 4.0 in SMEs Across the Globe
Related Links	https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.1201/9781003165880-2&type=chapterpdf
DOI	10.1201/9781003165880-2
Language	English
Publisher	Informa UK Limited
Publisher Date	2021-11-29
Access Restriction	Open
Subject Keyword	Book Name: Industry 4.0 in Smes Across the Globe Digital Transaction Transparency Circular Economy Functional Lifecycle Supply Chains
Content Type	Text
Resource Type	Chapter

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