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The Role of Digital Transformation

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To take advantage and participate in the 4IR, many companies now find themselves in a position where they need to undergo what many are calling a “digital transformation.” Digital transformation can be explained as the shift in work, jobs, and products through the use of technology in a company or the operational context of that company (Parviainen et al. 2017). Transformations driven by technological advancements have a history of being stalled as governments struggle to determine the policy to control them, companies lack resources to take advantage of them, or the labor force is not equipped to use them. Strong economic activity since 2008 has helped to sustain global economic growth, and corporate coffers had been full heading into the COVID‐19 era. To evaluate the potential repercussions of 4IR, it is worthwhile to explore how some companies have already embraced these technologies and engrained them into their core business models.

The Digital Transformation of Logistics

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