Currently, enterprises have to make quick and resilient responses to changing market requirements. In light of this, low-code development platforms provide the technology mechanisms to facilitate and automate the development of software applications to support current enterprise needs and promote digital transformation. Based on a theory-building research methodology through the literature and other information sources review, the main contribution of this paper is the current characterisation of the emerging low-code domain following the foundations of the computer-aided software engineering field. A context analysis, focused on the current status of research related to the low-code development platforms, is performed. Moreover, benchmarking among the existing low-code development platforms addressed to manufacturing industry is analysed to identify the current lacking features. As an illustrative example of the emerging low-code paradigm and respond to the identified uncovered features, the virtual factory open operating system (vf-OS) platform is described as an open multi-sided low-code framework able to manage the overall network of a collaborative manufacturing and logistics environment that enables humans, applications, and Internet of Things (IoT) devices to seamlessly communicate and interoperate in the interconnected environment, promoting resilient digital transformation.