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Evaluation of Logistics 5.0 vs. Logistics 4.0
Abstract
The logistics industry faces an adaptation process and is impacted by advances in technology, just like other industries. For this adaptation process to be accomplished correctly, the state of technology in today's age must be accurately understood and applied. Essentially, the concept of Logistics 5.0 refers to the methods in which logistics is used in Industry 5.0. The notion needs to be taken seriously by both the government (to offer incentives and opportunities for businesses to compete in this area) and the private sector (to investigate current developments and ensure their implementation in order to stay ahead of its competitors). The purpose of this research is to introduce the concept of Logistics 5.0 and explain how it works, as well as to inform the general public, executives in businesses, and academics on the subject. The study compared Logistics 5.0 to Logistics 4.0 and explains the changes it made.
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