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Abstract Industry 5.0 (I5.0) is all set to come into the limelight when Industry 4.0 (I4.0) has not yet fully matured and still gaining ground in growing economies. The general notion of I5.0 is discussed in the existing literature on the subject domain, but there are no adequate studies in the literature that examine its implications. Therefore, systematic literature review method is adopted to: explore the understanding of I5.0; identify the opportunities for I5.0; highlight the challenges in I5.0 implementation; investigate the effects of I5.0 on economic, environmental, and social pillars of sustainability; and propose a framework for effective implementation of I5.0 concept in manufacturing enterprises. This article aims to stand on an unbiased assessment to ascertain the landscape occupied by I5.0 and the results of the comprehensive review offer insightful conclusions. I5.0 represents a paradigm shift that emphasizes the integration of advanced technologies with human‐centric approaches. This paper critically analyzes the key pillars and highlights the potential to enhance sustainability in manufacturing. Furthermore, the implications of I5.0 for sustainable manufacturing practices are explored. The paper also investigates its potential to address environmental concerns and promote eco‐friendly manufacturing practices. The findings provide valuable insights for policymakers, industry leaders, and technology providers in implementing sustainable manufacturing practices on their I5.0 journey. In addition, the proposed I5.0 framework will serve as a basis for further investigations on how to apply the concept of I5.0 in other sectors.
Narkhede et al. (Tue,) studied this question.