The role of Industry 4.0 in digitalization of production and supply chains

Industry 4.0 enables intelligent manufacturing that focuses on designing, creating and delivering products and services tailored to individual customer requirements. This industry encourages the integration of various intelligent manufacturing systems and advanced information technologies, such as cyberphysical systems, the Internet of Things and the Internet of Services. The aim of this paper is to prove, on the basis of analysis of selected academic sources and examples from business practice, that Industry 4.0, as a global transformation of production and other business segments based on digitalization and the Internet, increasingly transforms existing supply chains into supply chains 4.0 and affects their business performance. There are three key parts of this paper. The first part presents the conceptual and business framework of Industry 4.0, as well as its dependence on certain digital technologies. The second part points to the business relevance of supply chains 4.0 and the technological conditionality of their adaptation to customer expectations. The last part proves the fact that Industry 4.0 enables the company to be transformed into a digital supply chain (supply chain 4.0) that can successfully respond to changes in the environment.