Engineering
4 years ago

Small Businesses Risk Closure Without Embracing Digital Supply Chains

Growth of Digital Supply Chains for SME Transformation
Sarath Menon, Satya Shah

Paper Summary

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The article discusses how digital supply chains are transforming small and medium enterprises (SMEs) in the manufacturing industry. With the rise of Industry 4.0 technologies, SMEs need to adopt digital supply chain practices to stay competitive. Global market leaders are already embracing these changes to meet customer demands. However, many SMEs lack the knowledge and resources to make this transition, putting them at risk of falling behind or closing down. The paper reviews current literature on digital supply chains to understand the importance of SMEs adapting to these innovative technologies for their survival and growth.