This research study investigates the revolutionary potential of modern technologies for industrial manufacturing and supply chain risk management.It looks at how Industry 4.0 advancements like the Internet of Things (IoT), artificial intelligence (AI), blockchain, and robotics may improve operational efficiency, predictive maintenance, and supply chain transparency.The paper examines case studies and real-world applications to demonstrate how these technologies reduce risks, maximize resource allocation, and promote resilience to disturbance.By emphasizing the synergy between digital tools and traditional manufacturing processes, the paper presents a comprehensive framework for businesses looking to take a proactive and agile approach to risk management in an increasingly complex and linked global market.
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Bashar et al. (2024) studied this question.
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