journal article·2024-03-23Open access

Critical Steps and Conditions to Be Included in a Business Model in Logistics, Seeking Competitive Advantage from the Perspective of the Modern Digital Age and Industry 4.0

Panagiotis Tsarouhas, Nikolaos Papaevangelou

Applied Sciences· Volume 14· Issue 7

Abstract

The main purpose of this study is to research the literature and examine how logistics companies can effectively integrate modern digital technologies of Industry 4.0 internally and then present the most critical steps and conditions that determine the successful operation of an innovative business model in logistics, as well as the expected benefits of this process. This study was written entirely as a literature review. Four steps of literature review research were completed: (a) initial formulation of the problem, (b) search of literature sources, (c) selection and evaluation of articles, and d) final classification and presentation of data. The results show that the most critical steps and conditions that contribute to the successful adoption of new Industry 4.0 technologies in the business models of logistics companies are Business Model Innovation, Digital Transformation, Quality 4.0, Human Resource Management, and Logistics 4.0. These critical prerequisites and Industry 4.0 architecture are now at the forefront of logistics, proving the key role they play in modernizing a business and gaining competitive advantage, and to fully reap these benefits, businesses must be prepared to adapt their organizational culture, embrace change, and invest in the necessary resources.
Source: crossref · Quality: baseline

Research context

OpenAlex topics: Digital Transformation in Industry · Collaboration in agile enterprises · Quality and Supply Management

SciVX discovery tags are terminology-based. OpenAlex topics are source-provided classifications.

Affiliations

Department of Computer Science and Biomedical Informatics, University of Thessaly, Papasiopoulou 2-4, GR-35131 Lamia, Greece

Department of Supply Chain Management (Logistics), International Hellenic University, Kanellopoyloy 2, GR-60100 Katerini, Greece

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