The global economy is undergoing significant structural shifts that will re-orientate the world's supply chains. One of the most important changes is the digitalisation of manufacturing or Industry 4.0, which has been accelerated by the Covid-19 pandemic. Indeed, with the pandemic, countries and businesses that have been reluctant to adopt industrial digitalization face a stark reality check, given the shortage of raw materials and supply chain disruptions. Nonetheless, while Industry 4.0 presents tremendous opportunities, it also poses considerable adoption challenges for countries, especially developing ones. 

Analyzing within the context of developing Asia, inspect three (3) ways in which Industry 4.0 can enhance global value chain (GVC) participation. Subsequently, evaluate three (3) related challenges. Comment on whether Industry 4.0 is a dream or reality for developing Asia.