Affiliation:
1. University of Petroleum and Energy Studies, India
2. SCMS Noida, Symbiosis International University (Deemed), Pune, India
Abstract
Current international issues include the emergence and application of Industry 4.0 (I4.0), a cutting-edge manufacturing system powered by information technology (IT), as well as the development of a sustainable society. The implications for sustainable development (SD) from the perspectives of sustainable manufacturing (SM), sustainable business models (SBM), and the circular economy (CE) have received a lot of attention. I4.0 adoption and implementation, sustainable supply chains, and smart factories are frequently the subjects of studies on sustainable manufacturing. Two recently developed research areas that concentrate on I4.0 adoption and implementation as well as sustainable supply chains are the circular economy and sustainable business models. This chapter combines recent research developments in the disciplines of I4.0 and sustainability with the aid of the literature on the CE, SM, and SBM.