Supply Chain 5.0: Vision, Challenges, and Perspectives

Abstract

The recent technological advancements have transformed the modern supply chains in complex networks. Consequently, modern supply chain systems are facing several challenges, including limited visibility in both upstream and downstream supply chains, lack of trust among the different stakeholders, and transparency plus traceability. Current supply chain systems do not present the needed framework to overcome the existing challenges. On the other hand, the new paradigm of the Supply Chain 5.0 has the potential to effectively address these obstacles and incorporates the foresight of future disruptions. This paper aims to explore the emerging paradigm of supply chain 5.0 and conduct a systematic analysis of recent and relevant works related to this supply chain version. Additionally, it aims to examine its visionary aspects, analyze associated challenges, and provide insights to the potential future directions of supply chain management. We have systematically analyzed the recent and relevant works addressing this new vision of supply chains.