The Impact of “Industry 4.0” on the Organization of Local Supply Chains

During the Covid-pandemic, the industry has faced serious challenges due to the risks arising in the management of supply chains. All this has put the need for supply chains (Supply Chains, SCs) and localization of industrial production on the agenda. The geopolitical location and level of economic development of our country offer enough opportunities to organize a Europe-oriented local supply chain hub in Georgia, which opens up completely new perspectives for the country's economic development, as well as creates a good basis for the country's political security and stability. The effective implementation of the mentioned idea requires the transformation of the relevant infrastructure and business models of enterprises, which allows for the reasonable use of entrepreneurial and technological opportunities of the fourth industrial revolution, or as it is called "Industry 4.0".