_______________________________________________________________________________________________________ Innovation
Furthermore , Industry 4.0 has enabled companies to reduce their reliance on a single supplier and diversify their supply chain . By having multiple suppliers , companies can mitigate risks associated with supply chain disruptions and reduce the impact of a supply chain crisis . In addition , digital manufacturing allows companies to produce products locally , reducing the need for long-distance transportation and mitigating risks associated with shipping delays and transport disruptions .
It is the willingness to invest in new technologies and implement tools which make the supply chain more connected and collaborative that will help resolve the current state of the supply chain and those businesses who embrace this technology will come out best . ■
For a list of the sources used in this article , please contact the editor .
Christina Rebel Moya www . wikifactory . com
Christina Rebel Moya is Co-founder and Chief Growth Officer at Wikifactory . Wikifactory is an online platform for collaboratively creating physical products . The company enables developers , designers , engineers and startups from more than 190 countries to prototype and produce hardware solutions in real-time that solve real world problems .
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