Technological interventions in industry are bringing a transformation giving birth to Industry 4.0. The wave of digitalization has permeated the industry with new developments such as Iot, AI, big data and analytics, PLM, machine learning, automation and robotics, cloud computing, blockchain, 3D printing among many others. Industry 4.0 brings a synergy between machinery, consumers, and products, enabling a highly automated system.

Why- With the ever-changing requirements of the global consumer, forcing the brands and retailers to be more agile and offer products with short lead times and improved reliability, Industry 4.0 can also help the buyers – brands and retailers to optimize the buy and plan the supply requirements while getting a transparent update on the status at any given point of time.