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Technological Innovations and Industry 5.0

A Supply Chain Perspective

  • 1st Edition - June 12, 2025
  • Latest edition
  • Editors: Jyri Vilko, Sajid Nazir, Mahmood Ali, Marko Torkkeli
  • Language: English

Technological Innovations and Industry 5.0: A Supply Chain Perspective provides a complete review of Industry 5.0, its guiding principles, and its possible effects on supply chains… Read more

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Description

Technological Innovations and Industry 5.0: A Supply Chain Perspective provides a complete review of Industry 5.0, its guiding principles, and its possible effects on supply chains. Examining the difficulties and possibilities presented by the incorporation of cutting-edge technologies into supply chain management, it guides the reader through decision making to application.

Robotics, artificial intelligence, the Internet of Things, and data analytics are increasingly changing how supply chains operate. This book presents the core ideas and potential impacts on, and risks to, supply chain structure. It includes analysis of the latest research as well as providing a sound understanding of relevant techniques and modeling for real-world advances. Evaluation approaches of decision support frameworks for circularity, sustainability, and supply chain performance are also included.

This book is an invaluable resource for anyone seeking alternative solutions to address supply chain issues and meet sustainability and customer demands by leveraging advancements in technology.

Key features

  • Provides comprehensive insights into theoretical foundations as well as practical applications of Industry 5.0
  • Includes case studies to demonstrate real-world implementation
  • Addresses both potential benefits and possible risks of technology implementation

Readership

Academicians, researchers, practitioners, and policymakers in supply chain management, sustainability, operations research, and related disciplines

Table of contents

  1. Understanding the concept of technological innovation, Industry 5.0, and its guiding principles
  2. Overcoming barriers to digital transformation: Challenges of implementing innovative technologies in supply chains
  3. Industry 5.0 era of digital supply chain: A generative artificial intelligence (GenAI) action model for workforce engagement
  4. Navigating the transition: Advancing supply chain dynamics from Industry 4.0 to Industry 5.0
  5. Technological innovation and supply chain practices in industry 5.0
  6. Digitalized and decarbonized: Navigating AI-enabled supply chains into the future with industry 5.0
  7. Collaborative innovation, innovative technologies, and corporate sustainable performance
  8. Identifying the challenges in managing open innovation-based supply chain networks: Industry 5.0 context
  9. Impact of humane-AI symbiosis on Industry 5.0
  10. Disruptive technologies and sustainability in the era of Industry 5.0d - A case of NEOM city in KSA
  11. Case studies illustrating the importance of disruptive technologies in the automotive sector
  12. Analyzing the role of adaptive risk management in empowering digital supply chain resilience

Product details

  • Edition: 1
  • Latest edition
  • Published: June 12, 2025
  • Language: English

About the editors

JV

Jyri Vilko

Jyri Vilko is an associate professor of logistics at LUT University (LUT), Finland. He has been a researcher at different levels in Lappeenranta University of Technology in the school of business and in the department of industrial management. He also holds a position of adjunct professor in Thammasat Business School, Thailand. His recent research interests are in the areas of supply chain risk management, logistics, service networks and value creation. He has published on these topics in high-quality academic journals such as International Journal of Production Economics, International Journal of Logistics Management and Accident Analysis & Prevention. He has been managing several large research projects funded by Business Finland, European Regional Development Fund and European Social Fund. He has also been involved in business practice with regard to these topics through his research, and in speaker, facilitator and advisory roles.

Affiliations and expertise
LUT School of Engineering, LUT University, Kouvola, Finland

SN

Sajid Nazir

Sajid Nazir is PhD in reading at Lappeenranta University Technology (LUT), Finland. He also serves as a Senior Lecturer at the Institute of Business Management (IoBM), Pakistan, and holds professional accreditations including CISCOM®, CSCA®, and MCIPS® and an MSc in Supply Chain Management (UK). Sajid Nazir has more than 10 years of experience working in the academia as well as in the corporate sector on national as well as international levels in industries such as banking, aviation, pharmaceutical, and other service industries as a supply chain professional. His work has been published in journals and conferences in the fields of supply chain management and innovation management. His areas of interest are blockchain technologies, resilient supply chain, technology and innovation management, Industry 5.0, sustainable supply chain performance, and innovations in supply chain.

Affiliations and expertise
Lappeenranta University Technology, Kouvola, Finland

MA

Mahmood Ali

Dr. Mahmood Ali is an Associate Professor in Supply Chain Management at Northumbria University, London, UK. He teaches courses at the undergraduate and graduate levels including research methods, supply chain management and operations management. He received his Ph.D. from the University of Greenwich, UK. Before undertaking his Ph.D., he worked in major corporations in the U.S. for several years. His research interests include supply chain management, enterprise systems, logistics, decision support systems, user resistance and information technology.

Affiliations and expertise
Northumbria University, London, UK

MT

Marko Torkkeli

Dr. Marko Torkkeli is a Full Professor of Technology and Business Innovations at the LUT University, Finland. His research interests focus on technology and innovation management, strategic entrepreneurship, growth venturing, financial innovations, and decision support systems. He has published over 300 articles in academic journals and conferences. He is a Docent of Technology-based Business at University of Jyvaskyla, Finland, and holds an Affiliated Faculty position at Singapore Management University. He was a Visiting Researcher at INESC Porto, Portugal. He has more than 30 years of experience of consulting activities in innovation management and strategy. He serves as the Director of Publications of the International Society for Professional Innovation Management (ISPIM) and is one of the founding editors of the open access, multidisciplinary Journal of Innovation Management..

Affiliations and expertise
LUT University, Kouvola, Finland

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