Industry 4.0 has been partially defined by its use of machine-to-machine communication and Internet-of-Things (IoT) devices to create factories that operate like smart homes: an array of appliances and machines are brought into constant communication to create a cohesive, highly visible system. Logistics 4.0 operates under these same principles, but with a different set of parts. Specifically, it makes use of “smart” containers, vehicles, pallets, and transport systems to create a fully networked supply stream that offers supply chain managers, shippers, freight forwarders, and others the necessary visibility to route transport and optimally perform other logistics tasks. The concepts of Logistics 4.0 are becoming popular as logistics management evolves. Industry 4.0 impacts the corporate world through digitization both horizontal and vertical supply chains, products, services, business models, and customer relations.
How much this will affect the Reverse Logistics, especially Post-COVID recovery time?