The Necessity of Transition from Industry 4.0 To Industry 5.0: SWOT Analysis of Turkey’s SCM Strategy

Abstract

The purpose of this study is to explain the importance of the benefits provided by the applications of Artificial Intelligence (A.I.) and robotic technologies in the logistics industry at different stages. In parallel with the developments required to adapt to the global competitive environment in the globalizing world economy, it is aimed to determine the most accurate predictions for the future in creating savings opportunities in logistics processes. It aims to explain the expectations about Supply Chain Management (SCM) strategies that have become obligatory to change due to COVID-19, a global health problem threatening the world today. The analysis is made with Multi-Criteria Decision Making Method. In this analysis, first, an evaluation is made with the approach of developments followed since the first industrial revolution and the necessity of transition from Industry 4.0 (4IR) to Industry 5.0 (5IR). As a result, a SWOT (Strengths - Weaknesses - Opportunities - Threats) analysis of Turkey's SCM performance was made.