Technology is changing the landscape of supply chain at a breakneck pace, and organizations that are able to stay ahead of the curve often enjoy a significant advantage over their industry competitors.
Digitisation, cloud computing, big data, Internet of Things, and artificial intelligence are all major factors in shaping operational strategy.
These manufacturing innovations have given rise to a trend dubbed Industry 4.0. John Stroup, president and CEO of Belden Inc., paid a visit to The Boeing Center at Washington University's Olin Business School to share his wealth of knowledge, and to give a brief history of Industry 4.0, aka the Smart Factory.
He explained that Industry 4.0, a term coined in Germany, is the fourth major iteration in manufacturing processes.