Transition Supply Chain 4.0 to Supply Chain 5.0: Innovations of Industry 5.0 Technologies Toward Smart Supply Chain Partners

Abstract

Industry 4.0 provides businesses with the tools they need to meet difficulties such as fluctuating demand and unstable markets. Additionally, Industry 4.0 refers to the connectivity of computers, various materials, and artificial intelligence (AI) with minimum involvement from humans in the decision-making process. Although Industry 4.0 has a significant potential for the expansion of the industrial sector, it faces several hurdles, including integration of technology, problems with human resources, problems with supply chains, and data security concerns. The human-centered approach that Industry 5.0 took meant that many of the problems that plagued Industry 4.0 could finally be solved. In the previous generation, known as Industry 4.0, the emphasis was placed on scalability and volume of production; however, in the next generation, known as Industry 5.0, human centricity is the key focus. We have included a list of the different technical improvements that are part of Industry 5.0 as well as the technological advancements that are part of Industry 4.0. The problems that plagued Industry 4.0 have been addressed head-on in Industry 5.0, including concerns over data protection and the integration of new technologies. This study would serve as a foundation for academics and companies to learn about the technologies of Industry 4.0, their obstacles, the technical advancements, and the methods by which Industry 5.0 addressed the issues of Industry 4.0. Also, we constructed an appraiser model to appraise manufacturers as partners in the supply chain. We selected manufacturers that are interested in deploying Industry 5.0 in their operations. Analytic Hierarchy Process (AHP) and Complex Proportional Assessment (COPRAS) are contributed to construct an appraiser model under the authority of uncertainty theory entailed in single value neutrosophic sets (SVNSs) to support AHP and COPRAS in ambiguity situations.