Remove Logistics Remove New Zealand Remove Russia Remove Sourcing
article thumbnail

Industry 4.0: Will Your Business Survive?

Murano Corporation

It is used to describe networked value chains that can self-regulate, meaning that manufacturing lines can automatically trigger critical maintenance procedures, or reconfigure production to accommodate sudden logistical problems. It incorporates the Business to Manufacturing Markup Language (B2MML) XML standard.

article thumbnail

6 Supply Chain Trends That Could Truly Shake You Up (2018 Update)

Logistics Bureau

Now differentials in workers’ pay are disappearing as countries like Brazil, Russia, India, and China (the BRIC countries) grow richer and develop into consumer giants. Elsewhere, business playing fields continue to be leveled as new products and technologies are ever more rapidly copied or rivaled. Just storing data is not a problem.