A key component of Industry 5.0 is the convergence of smart manufacturing and products, and the Internet of Things (IoT), and human, social, environmental and sustainability aspects and then using real-time data about the production, machines, and component flow ( Chauhan & Singh, 2019 ).
Published in Chapter:
Investigating the Factors, Challenges, and Role of Stakeholders in Implementing Industry 5.0 and Its Impact on Supply Chain Operations: A Study of the Global Agri-Food Supply Chain
Shivali Sunil Kankekar (Northumbria University, London, UK), Sumesh Singh Dadwal (London South Bank University, UK), and Adbul Ali (University of Greenwich, UK)
Copyright: © 2023
|Pages: 27
DOI: 10.4018/978-1-6684-6403-8.ch007
Abstract
Industry 5.0 may assist businesses to become more constructive and competitive in the global economy in the Fifith Industrial Revolution era. Therefore, a critical review of prior literature is presented in this paper to examine how industry 5.0 will impact supply chain operations within the agricultural sector. Additionally, it examines influencing factors, challenges, stakeholder roles, and recommendations identified from the literature. Industry 5.0 has multiple benefits for the agri-food sector such as improved agility, responsiveness, efficiency, productivity, precise decision-making, as well as cost-effectiveness.